Indian stock markets continued their upward trend for the fifth consecutive session, as both the Nifty and the Sensex recorded significant increases. The Nifty surged by 3.78%, closing at 23,997.35, while the Sensex rose by 3.95%, settling at 77,562.90. Analysts highlighted the importance of the 23,700–23,600 zone as a crucial support level for the Nifty.
Investor confidence received a boost from easing global tensions and consistent domestic policy signals. Notable performers in the Nifty index included Shriram Finance, Tata Motors Passenger Vehicles, and Adani Enterprises, attracting strong buying interest. The broader market also saw positive movement, with the Nifty MidCap index climbing by 4.03% and the Nifty SmallCap index rising by 4.39%.
Sector-wise, the Nifty Realty and Nifty Auto indices led the gains, reflecting robust performance in real estate and automobile stocks. However, the Nifty IT index showed the smallest gains among sectors. Domestically, the Reserve Bank of India maintained stability by keeping key interest rates unchanged during its April monetary policy review.
Global factors also played a role in bolstering market sentiment, with President Donald Trump announcing a temporary halt to a planned attack on Iran’s infrastructure. Analysts attributed the strong rally in Indian equities to a combination of favorable domestic policies and improving global conditions.
