Nifty, Sensex Rally Over 4.5% Amid Optimism in Shortened Trading Week
Benchmark Indices Close Near Peak Levels
New Delhi Post, NEW DELHI: Indian markets concluded the shortened trading week on a strong note, with benchmark indices Nifty and Sensex posting impressive gains of over 4.5%. The rally was fueled by encouraging economic indicators, easing global uncertainties, and positive policy signals.
Positive Momentum Drives Markets
The Nifty index climbed to 23,851.65, while Sensex surged to 78,553.20, marking significant recoveries. Banking stocks emerged as top performers, aided by a drop in retail inflation and a promising monsoon forecast. Investor sentiment further improved with positive developments on the trade front, including tariff delays and exemptions on select goods.
Ajit Mishra, SVP at Religare Broking Limited, noted, “The Nifty has reclaimed key moving averages, signaling bullish momentum. The index could target the 24,250–24,600 zone in the coming weeks.”
Global Stability and Reduced Volatility Support Sentiment
Global markets remained stable, reducing uncertainties for Indian investors. The decline in the volatility index (India VIX) reflected improved market conditions. Mishra added, “A ‘buy on dips’ strategy is favorable as long as the Nifty stays above 23,000.”
Looking Ahead
Market analysts expect elevated volatility in the near term due to ongoing tariff-related discussions and the unfolding Q4 earnings season. According to Bajaj Broking, key support for Nifty remains at 23,200 levels, with dips seen as buying opportunities.
