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Indian Markets Surge: Sensex and Nifty Hit New Highs
10 Feb
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 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.
Global markets mirrored this positive sentiment. European indices advanced, Asian markets ended higher with Japan's Nikkei 225 reaching new highs, and US indices like the S&P 500 and Dow Jones Industrial Average closed with gains. Investors are now awaiting key economic data releases from the US, including the delayed January jobs report and consumer price index.
