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Indian stock markets soar as Sensex gains

Sensex Gains

Sensex Gains

Indian benchmark indices, Nifty50 and Sensex, continued their upward trajectory for the fourth consecutive session, supported by positive performances in the banking and IT sectors. The Federal Reserve’s indication to maintain its rate cut outlook boosted investor sentiment globally, thereby positively impacting the Indian markets. Gains in major IT companies propelled the indices higher, reflecting strong sector performance amidst optimistic quarterly results.

Positive trends in global markets provided additional support to the Indian stock market rally. Favorable movements in US Treasury yields and currency markets also contributed to the bullish sentiment.

With the combination of these factors, the BSE Sensex closed up by almost 900 points, while the Nifty50 topped the 23,150 mark.

Sensex climbs on positive trends

The TOI Business Desk comprises a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers. The primary focus of the desk is to monitor the global business landscape, encompassing a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports, and breaking stories that impact businesses and economies.

By providing valuable insights and updates, the TOI Business Desk ensures that readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world effectively. India’s stock markets recorded their best performance in six weeks, buoyed by bargain buying and positive global cues. The Nifty 50 index posted a strong session as investors took advantage of lower stock prices and international markets showed optimistic trends.

A man walking out of the Bombay Stock Exchange (BSE) building in Mumbai symbolized the renewed confidence among investors. The BSE and Nifty 50 indexes rallied after a period of volatility and uncertainty in the financial markets.

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