Indian share markets maintained their northward march for the fourth session in a row, with Sensex crossing the 76,000 level and the Nifty rising above 23,000 during initial trade. The investor sentiment was buoyant regarding global signals and sectoral uptrends.
Key Factors Behind the Market Surge
Federal Reserve’s Policy Signal
The U.S. Federal Reserve’s signal of the possibility of rate reductions later in the year supported sentiment on all global markets. The comments from Fed Chair Jerome Powell that upward pressures from tariffs were transitory, and that recession risk was low, comforted investors and spurred capital flows into emerging markets.
Tech Sector Momentum
The IT stocks were on the front seat as NIFT IT index increased by 2.2%. Experts believed that a strong U.S. economy, renewed technology outlays, and positive currency trends were the reasons behind investors favoring India’s tech industry.
Positive Domestic Sentiment
The rally was supplemented by consistent foreign institutional flows, strengthening domestic liquidity, and hopes over corporate earnings. As companies gear up to release quarterly results, expectations of strong performance in key sectors kept buying interest high.
While the market remains buoyant, investors are keeping an eye on global economic indicators and geopolitical developments. The current bullish phase suggests that Indian equities remain an attractive bet in the near term.
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