Indian equity markets continued their impressive upward trajectory for the sixth consecutive session on Thursday, delivering substantial gains to investors as benchmark indices climbed to fresh heights. The sustained bull run has injected renewed optimism into the market sentiment, with both the Sensex and Nifty posting significant advances.
Market Performance Highlights
The BSE Sensex surged by 388.40 points, representing a solid 0.45 percent increase, to close at an impressive 85,998.30 points. Throughout the trading session, the 30-share benchmark demonstrated remarkable resilience, oscillating between an intraday high of 86,069.83 and a low of 85,501.62 before settling near its peak.
Meanwhile, the broader NSE Nifty climbed by 138.50 points, marking a 0.54 percent gain, to comfortably settle at 26,057.45 points. This significant milestone marks the index's triumphant return to the coveted 26,000 level, a psychological barrier that market participants had been closely monitoring.
Sectoral Performance and Key Gainers
The market breadth remained strongly positive, reflecting widespread buying activity across multiple sectors. Among the Sensex constituents, Mahindra & Mahindra emerged as the top performer, soaring by an impressive 4.18 percent. The automobile giant was closely followed by Titan, which registered a healthy gain of 2.28 percent, demonstrating robust investor confidence in consumer discretionary stocks.
Other notable gainers included UltraTech Cement, which advanced by 1.79 percent, and industry heavyweight Reliance Industries, which added 1.67 percent to its valuation. The banking sector also contributed significantly to the rally, with HDFC Bank climbing 1.41 percent and Kotak Mahindra Bank rising by 1.39 percent.
However, not all components participated in the bullish sentiment. NTPC witnessed the most substantial decline among Sensex stocks, dropping by 1.13 percent. Power Grid Corporation of India also faced selling pressure, falling by 0.82 percent, while Tata Consultancy Services edged lower by 0.41 percent.
Broader Market Outlook and Technical Analysis
The sustained rally, now extending to six straight sessions, has significantly improved the technical outlook for Indian equities. Market analysts point to several factors driving this optimistic momentum, including strong domestic institutional inflows, stable global cues, and encouraging corporate earnings projections.
In the broader market landscape, the BSE Smallcap gauge jumped by 1.11 percent, while the Midcap index advanced by 0.85 percent, indicating that the buying enthusiasm extended beyond large-cap stocks to smaller companies. This broad-based participation suggests growing investor confidence in the overall market trajectory.
From a global perspective, most Asian markets displayed positive trends, with Seoul, Tokyo, and Hong Kong settling in the green. European markets also opened on a optimistic note, providing additional support to the domestic sentiment. Meanwhile, in the United States, Wall Street had ended with significant gains in Wednesday's session, creating a favorable backdrop for global risk assets.
The consistent foreign institutional investor activity has been particularly noteworthy, with data showing that FIIs purchased equities worth Rs 1,175.60 crore on Wednesday. This renewed interest from overseas investors has provided substantial fuel for the ongoing market rally.
As the markets continue their upward journey, analysts are closely watching key resistance levels while advising investors to maintain a selective approach. The successful reclaiming of the 26,000 level by Nifty has opened the door for further potential gains, though market participants remain vigilant about valuation concerns and global macroeconomic developments that could influence future direction.
