The Indian stock market continued its upward march on Thursday, with the BSE Sensex rising by 123.58 points and the NSE Nifty extending its winning streak to a seventh straight session. Both benchmark indices crossed the 25,000 mark, signalling improved investor sentiment amid hopes of a sustained global rally and domestic economic resilience.

Market Performance on the Day

At close, the Sensex settled 123.58 points higher, while the Nifty also gained ground, maintaining its consistent upward run over the past week. The rally was driven by a combination of positive global cues, renewed foreign inflows, and strong performances in key sectors like banking, IT, and energy.

Factors Driving the Rally

Several factors contributed to the stock market’s steady momentum:

1. Global Market Optimism
   Global equity markets have been trending higher in recent sessions, buoyed by optimism that central banks worldwide may take a more accommodative stance to support growth. Hopes of easing inflation pressures and potential interest rate stability have encouraged risk-taking among global investors.

2. Foreign Institutional Investor (FII) Inflows
   After a period of volatility, FIIs have resumed buying in Indian equities, providing strong support to the indices. Renewed inflows indicate confidence in India’s medium-term growth prospects.

3. Robust Domestic Growth
   Domestic macroeconomic indicators, including stable GDP growth, healthy tax collections, and rising credit demand, have underlined the resilience of the Indian economy. These factors have encouraged investors to maintain a positive outlook.

Sectoral Trends

• Banking and Financial Services: Banks remained among the biggest contributors to the rally, with major private and public sector lenders seeing healthy buying.

• Information Technology (IT): The IT sector also gained on expectations of improved deal flow and sustained demand in global markets.

• Energy and Infrastructure: Energy stocks benefited from rising crude oil stability and positive sectoral outlooks.

Investor Sentiment and Market Mood

Market analysts observed that sentiment is firmly positive, with investors showing confidence despite global uncertainties. The Nifty’s seventh consecutive day of gains reflects a broad-based bullish trend, supported by both domestic and international triggers.

Technical View

From a technical perspective:

• The Nifty’s close above 25,000 is being seen as a strong psychological and technical milestone.

• Analysts suggest that if the index sustains above this level, it could open room for further upside in the short term.

• However, they also caution that periodic profit-booking may occur, given the strong run-up in recent sessions.

Broader Market Action

Apart from the large-cap indices, the midcap and smallcap segments also witnessed strong participation. Broader market indices outperformed in some pockets, with increased retail investor participation driving momentum.

Global Context

The global rally hopes are tied to:

• Possible interest rate cuts or pauses by major central banks, including the U.S. Federal Reserve.

• Signs of cooling inflation in major economies.

• Renewed optimism over global trade stability and supply chain recovery.

Conclusion

The Indian stock market’s steady climb, with Sensex gaining 123 points and Nifty extending gains for a seventh day, underlines the strong investor confidence in both global and domestic outlooks. With benchmarks crossing the 25,000 mark, the near-term trajectory will depend on a combination of global central bank actions, foreign investment flows, and India’s continued economic strength.

For now, the momentum appears firmly positive, with Dalal Street riding high on optimism and resilience.

The Upcoming IPOs in this week and coming weeks are Karbonsteel Engineering, Taurian MPS, L. T. Elevator, Galaxy Medicare, Airfloa Rail Technology, Dev Accelerator, Jay Ambe Supermarkets, Urban Company, Shringar House of Mangalsutra, .

The Current active IPO are Nilachal Carbo Metalicks, Krupalu Metals, Vashishtha Luxury Fashion, Sharvaya Metals, Vigor Plast India, Austere Systems.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.