Markets End Strong: Sensex Jumps 900 Points, Nifty Gains 1%

Indian equity markets concluded Thursday’s trading session on a strong footing, with key benchmark indices recording their sharpest rise in more than a month.

The Nifty index climbed by 1.17 per cent, adding 285.40 points to settle at 24,765.90. At the same time, the Sensex advanced by 899.71 points, or 1.14 per cent, to finish the day at 80,015.90.

The rally reflected renewed optimism among investors following encouraging global developments.

Market experts advised that the current surge should be viewed cautiously despite the impressive recovery.

According to analysts, the broader trend may remain uncertain unless the Nifty surpasses the 25,200 mark. As long as the index remains below this level, the latest movement could represent only a short-term rebound.

Analysts further pointed out that the Nifty currently has immediate support near 24,600. A decline below this level may pull the index down towards 24,400.

Investor sentiment strengthened after reports suggested that Iran might be open to giving up its nuclear programme if the United States offered an acceptable alternative proposal.

This development created hopes that tensions in the region could gradually ease. As a result, global investors showed a greater willingness to take risks, which supported equities worldwide, including in India.

Several companies within the Nifty index recorded notable gains during the trading session.

Adani Ports and Special Economic Zone, Hindalco Industries and Larsen & Toubro emerged as some of the biggest gainers. Broader market indices also displayed robust performance and outpaced the benchmark indices.

The Nifty Midcap 100 finished the session 1.52 per cent higher, while the Nifty Smallcap 100 rose by 1.58 per cent.

Among sectoral indices, metal stocks led the advance, with the Nifty Metal Index jumping by 2.3 per cent. Shares in the oil and gas segment, along with construction-related companies, also witnessed strong buying activity.

Market volatility declined sharply during the day’s trade. The India VIX dropped by nearly 16 per cent and fell below the 18 level.

Analysts believe that if volatility continues to ease, it could further reinforce bullish sentiment in the market in the coming sessions.

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