Indian stock markets surged today, supported by strong global cues and encouraging domestic macroeconomic indicators. The Sensex jumped over 800 points, while Nifty crossed the 22,500 mark to hit a fresh high.
Market Drivers
Global Support:
Positive global sentiment, particularly gains in US and European indices, boosted investor confidence in Indian equities.
Macro Data:
India’s GDP growth and moderating inflation numbers have exceeded expectations, indicating robust economic momentum.
FII Inflows:
Foreign institutional investors turned net buyers, infusing fresh capital into Indian markets and reversing a trend of selling.
Sector Performance:
Banking, IT, and financial stocks led the rally, with support from heavyweights like HDFC Bank, Reliance, and Infosys.
Also Read: RBI Holds Rates Steady, Focuses on Inflation; GDP Forecast Unchanged
Expert Take
Analysts suggest the rally is backed by strong fundamentals, though they advise caution and long-term focus amid possible volatility.
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