Sensex, Nifty Rally: Investors gain Rs 9 lakh crore in 3 days
Sensex, Nifty Rally: Investors gain Rs 9 lakh crore in 3 days
Markets climb for a third straight session, lifting investors' wealth as Sensex and Nifty extend gains amid global policy bets and ongoing geopolitical tensions.
Domestic equity benchmarks extended their gains for the third consecutive session, with the Sensex leaping 633.29 points to close at 76,704.13 and the Nifty adding 196.65 points to settle at 23,777.80. Over the three-session span, the Sensex gained 2,140.21 points (2.8%), while the Nifty rose 626.7 points (2.7%). Investors’ wealth climbed by over Rs 9 lakh crore as the combined market capitalization of BSE-listed companies touched about Rs 438.87 lakh crore. Long-term value remains intact, but near-term upside is seen as limited by ongoing geopolitical tensions, elevated crude prices, and rupee depreciation.
Analysts say global policy decisions will be crucial in shaping the near-term outlook. Vinod Nair, Head of Research at Geojit Investments, noted that investors are awaiting guidance from major central banks—the Fed, ECB, BoJ, and BoE—and how the US–Iran dynamics influence future rate paths could set the tone for markets ahead.
On the stock level, several names led the gains. Eternal emerged as the top gainer, up about 3.37%, followed by Tech Mahindra with a roughly 3.27% rise. Infosys, Mahindra & Mahindra, HCL Technologies, and Adani Ports also advanced, while losers included NTPC, HUL, and Sun Pharma, which clicked lower by around 1% to 1.3%. A handful of heavyweight constituents, along with energy and information technology names, helped drive the broader recovery, even as some sectors lagged.
The broader market showed resilience as investors weighed crude around the $102 per barrel mark against fears of potential spikes toward $120 and the impact of currency depreciation. Market participants cautioned that the rally could pause if policy signals from major economies become unclear, but the current momentum reflects renewed risk appetite and improved sentiment after the recent pullback.
With the global backdrop still fluid, traders are likely to look for direction from policy cues and oil price trajectories in the coming sessions, while corporate earnings and domestic macro data will also play a role in defining the trajectory for equities.
