Sensex Surges 600 Points, Trades at 83,400

Mumbai : The Indian stock market witnessed a strong rally today, with the Sensex climbing over 600 points to trade around the 83,400 mark. The Nifty also showed significant strength, crossing the 25,400 level for the first time, backed by buying interest in key sectors.

The market momentum was largely driven by gains in the metal, IT, and pharma sectors on the National Stock Exchange (NSE). Investors showed strong confidence in these segments, with leading stocks such as Tata Steel, Infosys, and Sun Pharma posting impressive gains.

Market analysts attribute the surge to a combination of positive global cues, steady foreign institutional investor (FII) inflows, and strong domestic macroeconomic indicators. Additionally, hopes of an upcoming rate cut by the US Federal Reserve and stable crude oil prices have further boosted investor sentiment.

The BSE Sensex opened on a bullish note and maintained its upward trajectory throughout the morning session. Major contributors to the rally included HDFC Bank, Reliance Industries, TCS, and Bharti Airtel.

On the NSE, the Nifty Metal Index was up by over 2.5%, with Hindalco and JSW Steel among the top performers. The Nifty IT Index also rose more than 1.8% on the back of a weaker rupee, while the pharma index gained over 1.5% amid expectations of strong quarterly earnings.

Mid-cap and small-cap stocks also participated in the rally, reflecting broad-based buying interest across sectors.

Experts suggest that the bullish trend may continue if earnings season results remain positive and global economic conditions stay supportive. However, they also caution investors to remain selective and watch for any geopolitical developments or inflation-related concerns that could trigger volatility.

As of now, market breadth remains positive, with more advancing stocks than declining ones on both BSE and NSE.