Benchmark indices experienced an upward trend for the fourth consecutive session on Thursday, supported by alleviating global concerns and a resurgence of foreign investments. The S&P BSE Sensex increased by 303.03 points, concluding at 84,058.90, whereas the NSE Nifty50 advanced by 88.80 points, closing at 25,637.80. Additionally, all broader market indices also ended in positive territory as volatility diminished, positioning both key benchmarks close to achieving new record highs.
Inod Nair, the Head of Research at Geojit Financial Services, stated that recent global events have enhanced market sentiment. “Significant factors such as the ceasefire in the Middle East and positive outlook regarding reduced trade tensions have alleviated investor worries. Following a series of selling sessions, Foreign Institutional Investors have shifted to being net buyers, which is contributing to market stabilization,” he remarked. “Stable oil prices, a robust rupee, and consistent macroeconomic indicators are fostering interest in domestic growth sectors. Anticipations of improved earnings, bolstered by resilient consumer spending, are further elevating optimism.”
