Sensex Jumps 250 Points, Markets Turn Green

Mumbai : witnessed a positive turn in domestic stock markets on Friday, the last trading day of the week, as both the Sensex and Nifty saw notable gains after a flat opening. Investor sentiment remained upbeat despite early market indecision, supported by steady global cues and optimism about the Indian economy’s growth trajectory. The BSE Sensex surged by 289.43 points to reach 81,651.30 in early trade, while the NSE Nifty climbed 88.25 points to settle at 24,881.50. The gains were broad-based with banking, IT, auto, and energy sectors all contributing positively. Leading companies like Reliance Industries, Infosys, ICICI Bank, HDFC Bank, and TCS saw healthy buying interest. Analysts suggest that the upward movement was driven by improved liquidity in the market, FII inflows, and confidence ahead of upcoming corporate earnings results. Investors are also reacting positively to the central government’s reform initiatives and the Reserve Bank of India’s recent measures aimed at maintaining inflation within target limits. Despite some global headwinds, including concerns over crude oil prices and interest rate expectations from the US Federal Reserve, the domestic market remained resilient. Mid-cap and small-cap stocks also performed well, showing investor confidence beyond just blue-chip counters. The volatility index remained moderate, indicating market stability in the short term. Traders are now eyeing global developments and cues from the US and European markets which could influence next week’s opening. Sector-wise, the financial and IT indices led the rally, reflecting strong buying in these segments. PSU banks and auto stocks also showed considerable strength. Market experts are advising investors to maintain a cautious but optimistic outlook, as the market enters a data-heavy period that includes inflation numbers, industrial output data, and Q1 earnings announcements from key players. The overall sentiment remains bullish, and the consistent support at lower levels suggests that investors are willing to buy into dips, further strengthening the recovery. With this rally, market participants are hopeful that both Sensex and Nifty may test new record highs if the current momentum continues in the coming sessions.