The upward movement in the market was driven by positive investor sentiment, strong global cues, and buying interest in key sectors such as IT, banking, and energy. Analysts attributed the surge to favourable economic data and robust corporate earnings, which have bolstered market confidence.
Positive cues from global markets and sustained buying in select heavyweight stocks contributed to the early gains. Key sectors including IT, financials, and energy showed strength, bolstering overall market sentiment.
The stock markets opened higher on Thursday, fueled by optimism about a potential US Federal Reserve rate cut in September and easing geopolitical tensions. Analysts predict new all-time highs for Nifty and Sensex next week.
The early gains indicate continued momentum in the markets, with both major indices showing strong upward trends as trading progresses.
Tata Motors led the gains among Sensex stocks, while broader markets showed mixed performance. Positive sentiment was fueled by lower-than-expected US inflation data, which boosted global indices.
The benchmark indices opened slightly lower on Tuesday. The BSE Sensex was down 42 points, trading at 79,607, while the NSE Nifty50 dropped 10 points to 24,337 in early trading. The market sentiment was dampened by a 2% fall in HDFC Bank shares, contributing to the overall decline.
The stock market opened with a strong bullish trend on Friday, with the Sensex rising by 800 points and the Nifty crossing the 24,350 mark. IT stocks led the gains, and broader markets also showed significant strength.
The stock markets witnessed a strong early trade recovery, with Sensex and Nifty showing substantial gains. The Sensex rose by 1,046.13 points to 79,639.20, while the Nifty surged by 313.9 points to 24,306.45, indicating positive investor sentiment and market momentum.
The Sensex opened in positive territory today, currently up by 963.48 points, or 1.22%, trading at 79,722.88. The market's robust performance reflects investor confidence, with significant gains across multiple sectors contributing to the upward momentum.
In the broad stock market indices, all indices including Nifty Next 50, Nifty 100, Nifty Midcap, and Nifty Small cap declined around 2 per cent during the opening session.
The Nifty rose by 59.75 points to reach a new all-time high of 25,010.90, while the Sensex climbed 126.21 points to close at a record high of 81,867.55.
The Sensex rebounded by 1,293 points, and the Nifty surged nearly 2% to a record high, ending a five-day losing streak. Heavy value buying at lower levels and a rally in blue-chip stocks, particularly Reliance Industries, drove the recovery.
The Sensex's fourth consecutive decline, driven by profit booking in response to tax hikes announced in the budget, highlighted the cautious sentiment among investors.
Benchmark indices Sensex and Nifty experienced volatile trading on Tuesday following the Union Budget 2024-25 announcement. The BSE Sensex closed down by 73.04 points at 80,429.04 after recovering most of its 1,200-point intra-day loss.
Stock markets continued their record run for the fourth day on Thursday, with the BSE Sensex breaching 81,000 for the first time and the NSE Nifty reaching a new peak at 24,800. Strong performances by IT, oil & gas, and FMCG shares fueled this surge.
The domestic stock exchanges BSE and NSE will be closed on Wednesday in view of the Muharram holiday. As a result, there will be no trading in equities, derivatives, or currency and commodity markets for the entire day.
Sensex and Nifty closed at new record highs on Tuesday, driven by a series of positive economic factors and strong institutional buying. Sectoral performance was mixed, with Nifty Realty leading gains and Nifty Media seeing the largest decline.
The BSE Sensex and NSE Nifty reached new record highs on Monday, with the Sensex closing at 80,665 points and the Nifty finishing at 24,587 points. Key sectoral gains and strong performances by individual stocks drove the indices upward.
In the early trade, the 30-share BSE Sensex climbed 69.63 points to 79,102.36. Meanwhile, the Nifty was also up by 37.85 points to 24,048.45 points.
The 30-share BSE Sensex climbed 620.73 points or 0.80 per cent to settle at a new closing peak of 78,674.25. Meanwhile, The Nifty went up by 147.50 points or 0.62 per cent to settle at a record closing peak of 23,868.80.
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