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.