Stock Market Closing Bell: Indian equity markets extended their winning streak on Thursday, with benchmark indices Sensex and Nifty rallying sharply amid strong global cues and renewed investor confidence.
The BSE Sensex jumped 862 points or 1.04 per cent to 83,467, while the Nifty 50 climbed 262 points or 1.03 per cent to 25,585, marking another day of solid gains for Dalal Street.
The rally was broad-based, driven by upbeat corporate earnings, firm global markets, and optimism around potential US Federal Reserve rate cuts.
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The sentiment was further lifted by easing foreign selling and strong performance in key sectors like FMCG, banking, auto, and realty.
Bulls Dominate: Key Gainers Lead the Charge
Among Sensex stocks, Titan led the rally, jumping 2.47 per cent, followed closely by Kotak Mahindra Bank (+2.43 per cent), Axis Bank (+2.07 per cent), M&M (+1.83 per cent), Adani Ports (+1.81 per cent), and Reliance Industries (+1.73 per cent).
Blue-chip stocks such as Hindustan Unilever, HDFC Bank, Tata Motors, Asian Paints, and ITC also gained more than 1 per cent, reflecting strong buying across large-cap counters.
Sectorally, Nifty FMCG surged 2.02 per cent, emerging as the top-performing index, supported by strong Q2 updates from companies like Nestle India and HUL.
Nifty Realty (up 1.9 per cent), Nifty Auto (up 1.27 per cent), and Nifty Bank (up 1.10 per cent) also saw robust gains.
Meanwhile, Nifty PSU Bank was the only laggard, slipping 0.44 per cent, while IT stocks traded mixed, with Infosys marginally lower by 0.21 per cent ahead of its Q2 results.
Anil Singhvi Explains the Market Momentum
Zee Business Managing Editor Anil Singhvi attributed the market rally to the strong start of the Q2FY26 earnings season and improved investor sentiment. He said, “The fear around weak results has turned into confidence. Multiple sectors, from IT and banking to FMCG, are witnessing a re-rating.”
Singhvi pointed out that companies like TCS, HCL Tech, ICICI Lombard, HDFC AMC, and Nestle India have delivered better-than-expected earnings, indicating a broad-based recovery across industries.
“Markets ultimately move on earnings, and this quarter is showing real strength,” he added.
He also highlighted the reduction in FII selling pressure as a key turning point.
“Despite heavy FII selling earlier, markets didn’t fall much. Now, with positive earnings and stable macros, short covering and fresh buying may push indices to new highs,” Singhvi said.
Read More: Infosys Q2 FY26 Results Preview: Revenue, margins, and deal wins in focus
Global Tailwinds Add Strength
Adding to domestic strength, global markets traded higher amid growing expectations that the US Federal Reserve may start cutting rates in the coming months, following signs of cooling inflation and slower job growth.
The softer tone from the Fed has boosted risk appetite globally.
Additionally, the fall in crude oil prices to around $82 per barrel provided relief to oil-importing countries like India, easing inflation concerns.
Singhvi noted that a stronger rupee, lower import costs, and stable bond yields are further supporting the bullish sentiment.
Broader Markets Join the Rally
Broader indices also participated in the uptrend, with Nifty Midcap 100 up 0.46 per cent, Nifty Smallcap 100 up 0.24 per cent, and Nifty 500 rising 0.80 per cent, reflecting strong market breadth.
The Nifty Private Bank index advanced 1.48 per cent, while Nifty Financial Services gained 1.14 per cent.
Outlook: Eyes on Earnings and Fed Cues
Market experts believe that as the earnings season progresses, stock-specific action will dominate.
Investors will closely watch Infosys, HDFC Life, and other major Q2 results scheduled this week for cues on IT and financial sector trends.
According to Singhvi, if corporate results remain strong and FIIs turn net buyers again, Nifty could soon retest its lifetime highs.
“With festive optimism, robust earnings, and improving global sentiment, the rally still has legs,” he concluded.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: zeebiz.com
