Extending gains for the fifth straight session, Indian stock market benchmarks — the Sensex and Nifty 50 — closed slightly higher on Wednesday, August 20. Positive sentiment was driven by proposed GST reforms, a credit rating upgrade for India by S&P Global, and optimism around a possible resolution to the Russia-Ukraine war. However, gains were limited due to concerns about the looming August 27 deadline for former US President Donald Trump’s secondary tariffs.
The Sensex rose 213 points, or 0.26%, to close at 81,857.84, while the Nifty 50 gained 70 points, or 0.28%, to finish at 25,050.55. The BSE Midcap and Smallcap indices also advanced by 0.39% and 0.30%, respectively. The total market capitalisation of BSE-listed companies rose to ₹456 lakh crore, adding ₹2 lakh crore in investor wealth in a single session.
Market optimism is being supported by strong domestic inflows and macroeconomic tailwinds, said Vinod Nair, Head of Research at Geojit Financial. He cautioned, however, that external risks such as high valuations and US tariff uncertainties could weigh on the outlook. Key global cues, including the upcoming FOMC minutes and Jackson Hole speech, remain in focus.
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