Indian stocks rally as Nifty50 tops 24,350, Sensex gains 400+
Indian stocks rally as Nifty50 tops 24,350, Sensex gains 400+
Indian indices jump on positive global cues, with Nifty50 crossing 24,350 and Sensex up over 400 points.
Indian stock markets kept their upward march on Thursday, riding on positive global cues and renewed hopes that tensions between the US and Iran could ease sooner than expected. The benchmark Nifty50 rose past the 24,350 mark, while the BSE Sensex logged gains of over 400 points as investors priced in a softer risk backdrop and the prospect of accommodative policy signals in the near term. Traders said the mood was buoyant as overseas markets posted solid advances, supporting domestic equities and encouraging fresh buying across several index names. With global investors watching oil prices and treasury yields, Indian equities benefited from a risk-on tone that helped lift major indices higher.
Market breadth remained healthy, with several sectors contributing to the advance, though individual stock moves varied. The positive tilt came amid optimism that the US-Iran situation could move toward de‑escalation, a development that typically reduces risk aversion and concentrates flows into equities. Investors also awaited domestic cues on earnings and policy to gauge whether the momentum would sustain into the next session. While there is always a caveat about volatility, traders noted that the current uptrend reflects improving risk appetite and a return of capital to risk assets in the region.
As traders monitor the tape, a close above 24,350 on Nifty50 and a firm Sensex print would lend credibility to the idea that the pullback risk is limited in the near term. Market participants say the next few sessions could test whether this rally has legs, especially if global headlines swing back toward uncertainty. For now, the mood remains constructive, and many seek to ride the momentum through the end of the week.
