Indian stock markets stayed strong today as the Sensex rose by around 400 points and the Nifty 50 hovered near the 25,000 level, extending its five-day winning streak.
Official Data Highlights
- Sensex gained 392.74 points, a +0.48% rise, reaching approximately 81,494.
- Nifty 50 climbed 118.90 points, also up by 0.48%, closing around 24,987.
- The Nifty IT index led the rally with a jump of 2.14%, and small-cap and mid-cap indices both gained around 0.66%.
What’s Fueling the Rally?
- Investors are optimistic about possible tax cuts and renewed U.S.–India trade talks, especially revived by former U.S. President Trump’s comments.
- The IT sector continues to outperform, thanks to factors like Infosys’ anticipated share buyback announcement boosting confidence across tech stocks
- The Sensex nearing 81,500 and Nifty approaching 25,000 mark another milestone in a bullish run.
- A five-day consecutive gain highlights strong investor sentiment and stable market momentum.
- With IT stocks leading, broader sector participation (like mid-caps) suggests confidence beyond just large-cap tech firms.
Traders and investors are watching closely for:
- Infosys’ official decision on the buyback, expected soon.
- Updates on GST reforms and upcoming U.S.–India dialogue.
- Global cues from central banks or commodities that could sway the market.
Sectoral Highlights
- IT stocks led the rally, with Infosys, Tech Mahindra, and HCL Tech gaining strongly.
- Banking and financials saw steady inflows, supporting index stability.
- Auto shares, however, witnessed mild profit-booking after recent highs.
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