Indian shares experienced their best session since early June, breaking a two-week losing streak. The Nifty 50 index gained significantly, posting its strongest performance in months. This rebound was reflected across other key stock indexes in India.
The recent market performance provides relief to investors who faced a prolonged period of losses. Reporting from financial analysts indicates a renewed optimism amid various macroeconomic factors impacting the Indian stock market. The market uptick was captured and analyzed by Bharath Rajeswaran in Bengaluru, with editing contributions from Savio D’Souza, Sumana Nandy, and Janane Venkatraman.
This resurgence in Indian stocks reflects a positive shift in market dynamics and an influx of investor confidence following weeks of financial uncertainty. The BSE benchmark Sensex began Wednesday’s trade on a firm note, climbing 166.1 points to 80,170.16, amid fresh foreign fund inflows and a rally in US markets. However, the market experienced volatility with concerns over tariff threats by U.S. President-elect Donald Trump.
By mid-morning, Sensex traded 60.26 points higher at 80,055.58, while the NSE Nifty went up 74.35 points initially to 24,268.85 but later quoted 16.55 points up at 24,211.10. Among the 30-share Sensex pack, Mahindra & Mahindra, Kotak Mahindra Bank, Adani Ports, HCL Technologies, Tech Mahindra, and NTPC were the gainers. On the flip side, IndusInd Bank, Bharti Airtel, Tata Steel, UltraTech Cement were among the laggards.
Foreign Institutional Investors (FIIs) bought equities worth ₹1,157.70 crore on Tuesday, according to exchange data. In Asian markets, Shanghai and Hong Kong were trading in the green, while Seoul and Tokyo quoted lower.
Sensex surges post-Maharashtra election results
The US markets ended positively on Tuesday. Global oil benchmark Brent crude climbed 0.05 per cent to USD 72.85 a barrel. On Tuesday, the Sensex had declined 105.79 points or 0.13 per cent to settle at 80,004.06, and the Nifty dipped 27.40 points or 0.11 per cent to 24,194.50.
Benchmark equity indices Sensex and Nifty surged more than one per cent on Monday, buoyed by a rally in blue-chip stocks and the BJP’s impressive performance in the Maharashtra Assembly elections. The BJP’s record number of seats propelled the party-led ruling Mahayuti alliance to a landslide victory. Aside from the political boost, heavy buying in capital goods, energy, and banking stocks also lifted investor sentiments, according to traders.
Extending the previous day’s sharp rally, the BSE benchmark Sensex jumped 992.74 points, or 1.25 per cent, to settle at 80,109.85. During the day, it soared 1,355.97 points, or 1.71 per cent, to 80,473.08. As many as 2,697 stocks advanced, 1,352 declined, and 165 remained unchanged.
The NSE Nifty surged 314.65 points, or 1.32 per cent, to 24,221.90. The BSE smallcap gauge jumped 1.86 per cent and the midcap index increased by 1.61 per cent. All sectoral indices ended higher.
Shares also climbed in Europe and Asia on Monday, tracking last week’s gains on Wall Street. Investors viewed US President-elect Donald Trump’s choice of billionaire investor Scott Bessent as his nominee for Treasury Secretary as a market-friendly choice, potentially injecting more stability into the US economy and financial markets.
