Indian Stock Market Surges Over 1,000 Points; Sensex, Nifty Hit New Highs

Times of India · stocks

Indian equity benchmarks, the BSE Sensex and Nifty50, experienced a significant rally on Thursday, driven by positive global cues, falling oil prices, and a strengthening rupee. Buying interest in IT, banking, and consumer stocks boosted market sentiment. The Sensex rose by 995 points to 73,777.19, while the Nifty50 climbed 292 points to 22,915.15. This surge follows a period of volatility influenced by global inflation data and a correction in AI-linked stocks, with potential shifts in foreign institutional investor strategies.