Stock Market Today: Sensex rises 500 pts, Nifty above 26,300: Positive global cues among key factors behind market rise
Indian stock markets ended the session on a strong note as benchmark indices Sensex and Nifty recorded notable gains. The Sensex climbed by nearly 300 points, while the Nifty moved closer to the 26,250 mark, supported by positive cues from global markets. Improved sentiment across Asian and European markets encouraged buying interest, particularly in heavyweight stocks. Banking, IT, and auto sectors showed steady performance, contributing to the upward momentum. Investors also remained optimistic due to easing inflation concerns and expectations of stable economic growth. Foreign institutional investors showed selective buying, adding further support to market sentiment. However, market experts advised caution as volatility may continue due to upcoming global economic data and geopolitical developments. Overall, the trading session reflected renewed confidence among investors, driven by a mix of global optimism and strong domestic fundamentals, keeping the market trend positive for the near term.
The Key points
- Sensex surged by around 300 points during the session
- Nifty traded close to the 26,250 level
- Positive global market trends boosted investor confidence
- Asian and European markets showed firm performance
- Banking and IT stocks supported market gains
- Auto sector stocks witnessed steady buying interest
- Inflation concerns eased, improving overall sentiment
- Selective foreign institutional buying supported indices
- Market volatility remains due to global uncertainties
- Experts suggest cautious optimism for short-term trading
Disclaimer: This preview includes title, image, and description automatically sourced from the original website (www.moneycontrol.com) using publicly available metadata / OG tags. All rights, including copyright and content ownership, remain with the original publisher. If you are the content owner and wish to request removal, please contact us from your official email to no_reply@newspaperhunt.com.
