Sensex Surges 900+ Points, Nifty Crosses 24,300 as Market Rebounds on Global Relief Rally

Indian stock markets staged a strong comeback on May 6, 2026, with the Sensex rising over 900 points and the Nifty crossing the 24,300 mark by the closing bell.

The rally was largely driven by positive global cues, especially progress in US–Iran peace talks, which led to a sharp fall in crude oil prices. Lower oil prices are a major positive for India, as it reduces inflation pressure and improves economic outlook.

During the day, markets were volatile—initial gains were wiped out mid-session, but strong buying at lower levels pushed indices higher again.

Sector-wise, auto, banking, metal, realty, and pharma stocks led the rally, while power and FMCG sectors remained relatively weak.

Midcap and smallcap stocks also performed strongly, rising nearly 2%, indicating broad-based buying across the market.

Additionally, the Indian rupee strengthened sharply, adding further support to market sentiment.

Overall, the market rebound reflects improving investor confidence, but volatility is expected to continue due to global uncertainties and FII activity.

After this strong rally, kya aapko lagta hai market ab breakout karega ya phir phir se correction aa sakta hai?