Stock markets ended sharply higher on Thursday, with the Sensex surging 812 points and the Nifty closing above the 23,650 mark as investors returned to buying after recent volatility.
The BSE Sensex closed at around 75,400, while the NSE Nifty settled above 23,650, supported by strong gains in banking, financial and technology stocks. Market sentiment improved as investors looked past global uncertainties and focused on bargain buying and positive corporate earnings.
Among the top gainers were Infosys, HDFC Bank, Reliance Industries, ICICI Bank and Bharti Airtel, which saw strong buying throughout the session. On the losing side, stocks like ITC and Nestlé India witnessed mild profit booking.
Global markets also remained supportive, with investors closely tracking developments in US-China talks and hopes of easing international economic tensions. Positive trends in Asian and European markets added to the upbeat mood on Dalal Street.
Another factor supporting the rally was optimism around possible policy measures to attract foreign investment and stabilise the rupee. Reports suggesting potential tax relief on foreign bond investments helped improve investor sentiment.
Analysts said the rally was driven by a combination of positive global cues, easing market volatility and renewed investor confidence. Strong buying was seen in stocks that had declined sharply in recent sessions amid worries over rising crude oil prices and geopolitical tensions linked to the Iran conflict.
Market experts also pointed to better-than-expected quarterly earnings from several major companies, which boosted confidence in India’s economic outlook despite global uncertainties.
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