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Sensex Surges Past 78,000 as Indian Markets Rally for Fourth Day

Banking stocks and foreign inflows drive gains, while easing inflation and trade optimism bolster investor 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 BSE Sensex climbed 1,509 points to close at 78,553, while the NSE Nifty rose 414 points to settle at 23,852, marking a fourth consecutive day of gains.
  • Banking stocks led the rally, with IndusInd Bank, ICICI Bank, and Axis Bank among the top performers, as investor confidence in the sector remains strong.
  • Foreign institutional investors continued to support the market, purchasing equities worth nearly ₹10,000 crore over the past two sessions.
  • Retail inflation in India has fallen to a six-year low, fueling expectations of monetary policy easing by the Reserve Bank of India.
  • Global trade developments, including US-Japan tariff negotiations, have sparked hopes of India benefiting from shifting trade dynamics.