Stock Market Rises For 7th Session, Sensex Jumps 750 Points; Will This Rally Sustain? – News18
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Sensex, Nifty Rise: After a strong performance last week, the Indian stock market continued its rally into this week; Key points investors should know
Sensex, Nifty Surge – Key Factors Behind Today’s Market Boom
Why Is Stock Market Rising Today? After a strong performance last week, the Indian stock market continued its rally into this week. Following a robust Monday, frontline indices opened higher on Tuesday. The Nifty 50 started at 23,751 and reached an intraday high of 23,869, extending its winning streak to seven consecutive sessions. Over this period, the index has surged 1,472 points, or approximately 6.55%.
After closing at 23,658 on Monday, the Nifty 50 turned positive for the year, surpassing its December 31, 2024, closing level of 23,644. Similarly, the BSE Sensex opened higher at 78,296 and hit an intraday high of 78,741.
Nifty 50, Bank Nifty turns green in YTD
The index has now gained over 4,900 points, or 6.65%, in the past seven sessions, also turning positive for the year by crossing its previous closing level of 78,139.
Banking stocks saw strong buying from the opening bell. The Bank Nifty index opened with an upside gap at 51,874 and climbed to an intraday high of 52,063. It has now gained over 4,000 points, or 8.30%, over the past seven sessions. The index is already trading higher year-to-date, exceeding its December 31, 2024, close of 50,860.
However, broader markets faced some selling pressure in early trade. The BSE Small-cap index was down by around 1%, while the Mid-cap index declined nearly 0.50%.
The ongoing market rally is being driven by several factors. Experts attribute the gains to expectations of an RBI rate cut following the US Fed meeting, strong buying by domestic and foreign institutional investors, and Morgan Stanley’s positive outlook on the Indian economy and inflation. Additionally, US President Donald Trump’s recent comments suggesting that not all threatened auto tariffs will be imposed on April 2 provided further relief.
A rebound in India’s GDP is also expected to support better Q4 results in 2025. Experts highlight that over six lakh new retail investors joined the market last week, contributing to the sharp rally in Indian equities.
Will The Market Rally Continue?
Speaking on the outlook of the Indian stock market after this rally, Arun Kejriwal, Founder of Kejriwal Research and Investment Services, said, “Not much has changed except the technical aspects of the markets. The following important event would be Donald Trump’s announcements on tariffs on the 2nd of April. The impact of these announcements will be felt by us when trading resumes on the 3rd of April in Indian markets. Studying the implications before taking meaningful exposure to markets would make sense. “
