Indian equity indices saw a sharp surge for the second consecutive day of the week, ending higher on Thursday as they tracked a rally in global markets amid renewed optimism of further interest rate cuts by US Fed Res.
While benchmark Sensex rose 862.23 points, Nifty jumped 261.75 points to scale the 25,585.30-level.
The 30-share BSE Sensex jumped 1.04 per cent to settle at 83,467.66. During the day, it had zoomed 1,010.05 points or 1.22 per cent to 83,615.48.
The 50-share NSE Nifty surged 261.75 points or 1.03 per cent to 25,585.30.
Fresh foreign fund inflows also added to the markets’ enthusiasm, as was expectations of a Q3 FY26 demand revival.
Also Read: Sensex rallies 575 pts, Nifty climbs to 25,323
From the Sensex firms, Kotak Mahindra Bank, Titan, Axis Bank, Adani Ports, Mahindra & Mahindra, Reliance Industries, Tata Motors and HDFC Bank were among the major gainers.
However, Eternal and Infosys were the laggards.
“Domestic equities extended their strong recovery rally, buoyed by positive global cues and renewed optimism surrounding India-US trade discussions. Sentiment was further lifted by expectations of a Q3 FY26 demand revival, early signs of FII inflows, supported by dovish commentary from the US Fed, and a softer dollar index,” said Vinod Nair, Head of Research, Geojit Investments Limited.
The Indian negotiating team is already in Washington for trade talks, with Commerce Secretary Rajesh Agrawal joining the delegation in the US today as India indicated its readiness to step up energy imports from America.
In Asian markets, South Korea’s Kospi jumped 2.49 per cent, Japan’s Nikkei 225 index climbed 1.27 per cent, and Shanghai’s SSE Composite index went up by 0.10 per cent. Hong Kong’s Hang Seng ended lower.
Markets in Europe were trading higher, as were the US markets, which ended mostly higher on Wednesday.
Global oil benchmark Brent crude climbed 0.57 per cent to USD 62.26 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth ₹68.64 crore on Wednesday, according to exchange data. Domestic Institutional Investors (DIIs) also bought equities worth ₹4,650.08 crore.
On Wednesday, the Sensex jumped 575.45 points or 0.70 per cent to settle at 82,605.43. The Nifty climbed 178.05 points or 0.71 per cent to 25,323.55.
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