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6d ago

Sensex and Nifty Hit Multi-Month Highs as Banking Stocks and Foreign Inflows Drive Rally

Indian equity markets log their best 5-day rally in four years, with Bank Nifty setting new records and optimism around India–US trade talks boosting sentiment.

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Investor wealth on BSE reclaims $5-trillion mark after three months
Shares of HDFC Bank climbed more than 2% on Monday, hitting a one-year high of ₹1,950 on both the BSE and NSE.

Overview

  • The Sensex closed at 79,408.50 and Nifty at 24,125.55, marking their highest levels since January 2025 and a fifth consecutive session of gains.
  • Bank Nifty reached an all-time high of 55,422, driven by strong Q4 earnings from HDFC Bank and ICICI Bank, which reported profit increases of 6.7% and 18% respectively.
  • Foreign portfolio investors (FPIs) have invested over $1 billion in the past three sessions, supported by a weakening US dollar and India's robust growth outlook.
  • The combined market capitalization of BSE-listed companies surpassed $5 trillion for the first time in three months, with investors gaining Rs 32 lakh crore in wealth over five sessions.
  • Optimism surrounding a potential India–US trade deal, bolstered by the visit of US Vice President JD Vance, has further lifted market sentiment.