The Indian stock market saw a significant rise as the Sensex increased by 960 points over three days, fueled by an interim trade agreement between India and the US, along with increased foreign investment and stronger global markets.
The Indian stock market experienced a significant bullish trend, with the benchmark Sensex and Nifty continuing to rise for the third consecutive session. This upward movement is attributed to an interim trade agreement between India and the United States, coupled with a slight uptick in foreign investor purchasing and strengthening global market conditions.
As of market close, the Sensex gained 208.17 points or 0.25%, ending at 84,273.92, marking a remarkable cumulative gain of 960 points over the past three days. The Nifty also saw an increase of 67.85 points, or 0.26%, closing at 25,935.15, which aggregates to a total rise of 292 points in the same period. Notably, the stock of Eaternal was the top performer, climbing by 5.14% to reach ₹303.70. Other significant gainers included Tata Steel, Mahindra and Mahindra, Tech Mahindra, Power Grid, and NTPC, which all recorded increases of approximately 2%.
Vinod Nair, head of research at Geojit Investments Ltd, mentioned that the strengthening of the Indian Rupee and a notable resurgence in investments from foreign investors have bolstered market confidence. However, he indicated that various sectors are experiencing mixed trends, reflecting the complexity of the current financial climate. This upward trajectory in the market suggests potential for future growth but also highlights the inherent volatility dependent on global economic factors.
