Indian stock markets witnessed a strong rally on Thursday, with benchmark indices Sensex and Nifty gaining nearly 2.5% amid improving global sentiment and falling crude oil prices.
At around 1:45 PM, the Sensex surged 2,052 points (2.66%) to 79,353, while the Nifty jumped 590 points (2.46%) to 24,551. Both indices have gained nearly 8% over the last six consecutive sessions, marking their longest winning streak in a year.
One of the biggest triggers behind this rally is the sharp decline in crude oil prices. Brent crude fell to around $93.61 per barrel, while WTI crude traded near $86.98. Hopes of an early resolution to the US-Iran conflict also improved investor confidence.
Foreign investors further supported the rally by buying shares worth ₹7,284 crore, extending their buying streak to four consecutive sessions. Strong gains on Wall Street and positive global market cues added to the momentum.
All Nifty sectoral indices traded in the green, while Midcap and Smallcap indices also posted gains.
The rally reflects improving investor sentiment, supported by lower crude prices, FII buying and stronger global cues.
Indian stock market mein Thursday ko strong rally dekhne ko mili. Improving global sentiment aur crude oil prices mein decline ke chalte Sensex aur Nifty dono mein lagbhag 2.5% ki rally aayi.
Dopahar 1:45 baje tak Sensex 2,052 points (2.66%) jump karke 79,353 par pahunch gaya, jabki Nifty 590 points (2.46%) gain karke 24,551 par trade kar raha tha. Dono indices ne pichhle 6 consecutive trading sessions mein lagbhag 8% ka gain diya hai. Ye ek saal ki sabse lambi winning streak hai.
Is rally ka ek major reason crude oil prices mein sharp decline raha. Brent crude girkar around $93.61 per barrel aur WTI crude $86.98 ke paas trade kar raha tha. US-Iran conflict ke jaldi resolve hone ki hopes ne bhi investors ka confidence improve kiya.
Foreign investors ne bhi market ko support diya. FIIs ne ₹7,284 crore ke shares buy kiye, jisse unki buying streak lagatar 4 sessions tak pahunch gayi.
Wall Street mein strong gains aur positive global market cues ne bhi rally ko support kiya.
Nifty ke sabhi sectoral indices green mein trade kar rahe the, jabki Midcap aur Smallcap indices mein bhi gains dekhne ko mile.
Overall, lower crude oil prices, FII buying aur positive global cues ne Indian stock market mein strong comeback ko support kiya.