Markets ended Thursday on a firm note, with the BSE Sensex closing 109 points higher and the NSE Nifty finishing above the 24,050 mark as investors continued to buy into heavyweight stocks.
The benchmark indices moved higher through the session, supported by gains in banking, financial and information technology shares. The broader mood on Dalal Street remained positive as traders reacted to supportive global cues and easing concerns over recent geopolitical tensions.
Market participants said sentiment improved after signs of stability in overseas markets and steady foreign investor interest. Positive trends across Asian markets also helped lift confidence, while strong buying in blue-chip names such as HDFC Bank, ICICI Bank, Infosys and TCS kept the indices in the green. Among the top gainers, banking and IT counters led the charge, while select FMCG and auto stocks, including Hindustan Unilever, ITC and Maruti Suzuki, were among the laggards.
Banking stocks were among the biggest contributors to the rally, with investors betting on healthy credit growth and a steady domestic economy. Financial and IT shares also saw sustained demand, helping the market hold on to gains despite some intraday volatility. On the other hand, profit-booking in a few consumer and automobile names kept the upside in check.
Even so, experts cautioned that global growth worries and trade-related uncertainties have not gone away. They said markets may remain volatile in the near term, but the broader trend still looks constructive as long as economic indicators stay supportive.
For investors, Thursday’s close offered another sign of resilience in Indian equities after a period of uneven trading earlier this year. Many are now watching whether the benchmark indices can build on this momentum and move closer to fresh highs in the coming weeks.
The rupee traded in a stable range, while crude oil prices and global bond yields remained on traders’ radar. Attention now shifts to upcoming economic data and corporate earnings, which are likely to guide market direction in the days ahead.
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