The Indian stock market continued its winning streak for the fifth straight session, with the Sensex closing above 79,400 and Nifty breaching the 24,000 mark amid strong buying across sectors.
Mumbai, April 21:
The Indian stock market rallied for the fifth straight session on Monday, with benchmark indices Sensex and Nifty 50 logging strong gains amid broad-based buying and mixed global signals.
The BSE Sensex jumped 855 points, or 1.09%, to close at 79,408.50, while the Nifty 50 surged 274 points, or 1.15%, ending the day at 24,125.55. This rally added ₹6 lakh crore to investors’ wealth, showcasing renewed optimism in Indian equities.
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Key drivers behind the rally included gains in heavyweight stocks, firm Q4 results from top corporates, and a rebound in global market sentiment. Buying was seen across sectors, especially in banking, IT, auto, and FMCG.
This rally follows last week’s robust uptrend where indices gained on the back of strong quarterly earnings and FII inflows.
Market analysts expect volatility to rise later this week due to the scheduled derivatives expiry, upcoming macroeconomic data, and global market cues such as US Fed statements and China’s trade data.
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The strong domestic performance also comes amid geopolitical concerns, with investors closely tracking developments in the Middle East, Russia-Ukraine conflict, and US-Iran talks.
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