India’s Nifty 50 index rose 0.5% to 26,064.65, gaining 125.80 points. Banking, IT, and energy stocks led the rally, with Reliance and HDFC Bank among top contributors. Investor optimism, foreign inflows, and easing global inflation supported sentiment, reinforcing confidence in India’s equity market outlook.
India’s benchmark Nifty 50 index (.NSEI) continued its upward momentum today, closing 0.5% higher at 26,064.65 points, compared to the previous close of 25,938.85. The index gained 125.80 points, reflecting strong investor sentiment across sectors.
Key highlights from the trading session include:
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Broad-based gains: Banking, IT, and energy stocks led the rally, contributing significantly to the index’s rise.
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Reliance Industries and HDFC Bank were among the top performers, boosting overall market confidence.
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The positive movement comes amid global cues of easing inflationary pressures and expectations of steady interest rates, which have supported risk appetite.
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Analysts suggest that the Nifty’s resilience signals optimism ahead of upcoming quarterly earnings, with investors betting on continued corporate growth.
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The rally also reflects foreign institutional inflows, which have remained supportive of Indian equities in recent weeks.
The Nifty 50’s performance underscores India’s strong equity market fundamentals, with domestic demand and corporate earnings outlook driving momentum. Market watchers remain cautiously optimistic, noting that global macroeconomic trends will continue to influence near-term direction.
Sources: NSE India, Reuters, Business Standard