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last mo.

Indian Markets Rally for Fourth Day, Sensex Reclaims 78,000

Banking stocks and foreign inflows drive Sensex to 78,553 and Nifty to 23,851, with retail inflation at six-year lows bolstering sentiment.

US stocks were mixed Thursday morning as President Donald Trump lashed out at Federal Reserve Chair Jerome Powell on social media.
A pedestrian watches a digital screen on the facade of the Bombay Stock Exchange (BSE) in Mumbai.
Markets endured a bumpy—and short—week.

Overview

  • The Sensex surged 1,508.91 points to close at 78,553.20, while the Nifty rose 414.45 points to end at 23,851.65, marking a fourth consecutive session of gains.
  • Banking and financial stocks led the rally, with IndusInd Bank, ICICI Bank, and Axis Bank among the top gainers.
  • Foreign Institutional Investors (FIIs) remained net buyers, injecting significant capital into Indian equities for a second consecutive day.
  • Retail inflation in March hit its lowest level in nearly six years, raising expectations of potential rate cuts by the Reserve Bank of India.
  • Despite global concerns over US-China tariff tensions, Indian markets showed resilience, supported by robust domestic economic indicators and investor optimism.