What caused the Indian equity benchmarks to gain for three consecutive sessions?

The Indian equity benchmarks extended their winning streak due to foreign institutional investor buying, positive global cues, and optimism about an India-US interim trade deal.

How did the Sensex and Nifty perform in the recent trading sessions?

The S&P BSE Sensex jumped 208.17 points to close at 84,273.92, and the Nifty 50 index rallied 67.85 points to settle at 25,935.15, with both indices gaining over 1.14% in three sessions.

What is the outlook for global markets based on recent performance?

Global markets generally showed positive performance, with European and Asian indices advancing, and US indices also closing with gains, indicating buoyant investor sentiment worldwide.

Home / Business and Economy / Indian Markets Surge: Sensex and Nifty Hit New Highs

Indian Markets Surge: Sensex and Nifty Hit New Highs

10 Feb

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Summary

Equity benchmarks extended winning streak for third consecutive session.
Sensex jumped 208.17 points, Nifty rallied 67.85 points.
Market sentiment boosted by foreign institutional buying and trade deal optimism.

Indian Markets Surge: Sensex and Nifty Hit New Highs

Indian equity benchmarks achieved moderate gains, marking their third consecutive winning session. This positive momentum was bolstered by foreign institutional investor buying, favorable global market signals, and optimism regarding a potential India-US interim trade deal.

The S&P BSE Sensex saw a notable increase of 208.17 points, closing at 84,273.92. Simultaneously, the Nifty 50 index advanced by 67.85 points, settling above the 25,900 level. Over these three trading sessions, both the Sensex and Nifty experienced gains exceeding 1.14%.

In the broader market, mid-cap and small-cap indices also showed upward movement. The BSE 150 MidCap Index rose by 0.21%, and the BSE 250 SmallCap Index climbed 0.46%. The market breadth favored advances, with more stocks gaining than declining on the BSE.