Indian equity markets saw a third consecutive session of gains on Thursday, with investor sentiment improving after the release of the annual Economic Survey. The survey’s optimistic view on economic growth and fiscal discipline helped the markets recover from early volatility and end the day in positive territory.
According to the Economic Survey, India’s GDP growth for the 2026–27 financial year is projected to be between 6.8 to 7.2 percent. The survey also indicated that the country is on course to achieve its fiscal deficit target of 4.4 percent in FY26, boosting investor confidence.
By the close of trading, the Nifty index climbed 0.3 percent, or 76.15 points, settling at 25,418.90, while the Sensex rose by 0.27 percent, adding 221.6 points to finish at 82,566.37. Analysts suggest that a sustained breakout above current levels could lead to further gains in the near term.
Leading the gains were stocks in the metal and infrastructure sectors, with companies like Tata Steel, L&T, Axis Bank, Eternal, and NTPC among the top performers on the Sensex, registering increases of up to 4.5 percent. However, Asian Paints, IndiGo, Maruti Suzuki, TCS, and BEL ended the session lower.
The broader market also showed strength, as the Nifty Midcap 100 and Nifty Smallcap 100 indices closed higher by 0.18 percent and 0.20 percent, respectively. Among sectoral indices, the Nifty Metal index stood out with a gain of over 3 percent, while the Nifty Healthcare index was the top loser for the day.
Market analysts noted that the positive outlook on India’s growth prospects and fiscal health outweighed early-session concerns, driving the market’s winning streak. The Rupee traded flat to weak near 91.94, down 0.12, as investors remained cautious ahead of the Union Budget.
