Stock market as we speak: Sensex jumps over 1,100 factors, Nifty nears 22,700

NEW DELHI: Indian fairness markets opened sharply greater on Friday, lifted by improved world sentiment and worth shopping for. The BSE Sensex surged 988 factors to 74,835.49, whereas the Nifty 50 gained 296 factors to 22,695.40, with each indices advancing over 1.3% in early commerce.
The uptick comes on the heels of a world rebound in equities after a turbulent US session. Investors are additionally factoring in optimistic home cues and expectations of regular inflation. Banking, auto, and IT shares have been among the many prime gainers within the early session.
On Tuesday, the markets had additionally staged a powerful restoration following Monday’s sharp decline. The Sensex closed 1,089 factors greater at 74,227.08 and the Nifty 50 ended up 374 factors at 22,535.85, marking features of 1.49% and 1.69%, respectively.
Dr. V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services, famous, “The heightened uncertainty and volatility in global markets may persist for some time. However, India remains relatively insulated due to stable macros and fair largecap valuations.”
He added that long-term traders might think about selective shopping for in high-quality largecap shares, notably in financials and prescribed drugs, as Trump is unlikely to focus on the pharma sector with tariffs.
Meanwhile, Nifty’s Consumer Durables index jumped 3%, and Metal, Realty, and Financial Services indices rose over 2%. Broader markets additionally participated within the rally, with Nifty Midcap 100 and Smallcap 100 gaining 2% every. Notably, India VIX, a key volatility gauge, fell by 10.2% to twenty.47, indicating easing market anxiousness.