Nifty Hits Record levels once again on Thursday as Indian stock markets extended their strong upward rally. The bullish momentum, supported by positive global cues, fresh hopes of a US Federal Reserve rate cut, and strong foreign fund inflows, lifted investor sentiment across the board. Moreover, the sharp rise followed Wednesday’s impressive rally, signaling a renewed confidence in India’s market outlook.
Sensex and Nifty Continue Upward Trend
The benchmark BSE Sensex jumped 313.38 points in early trade, reaching 85,922.89, while the NSE Nifty climbed 90.25 points to hit a fresh all-time high of 26,295.55. Previously, Nifty had touched an intra-day peak of 26,277 in September 2024, but now the index has surpassed that milestone with stronger momentum. Furthermore, this surge highlights how investors are reacting positively to improving global financial conditions.
Large-cap stocks led the rally. Companies such as Bajaj Finance, Bajaj Finserv, ICICI Bank, Larsen & Toubro, Asian Paints, and Mahindra & Mahindra were among the top gainers. However, a few stocks like Eternal, Kotak Mahindra Bank, UltraTech Cement, and Maruti witnessed mild declines, balancing the overall market movement.
Global Markets Support the Upside
Asian markets added to the positive environment. Indices like Kospi, Nikkei 225, SSE Composite, and Hang Seng opened in the green, reflecting improved risk appetite worldwide. Additionally, US markets closed higher on Wednesday as softer Treasury yields and the growing belief in upcoming Fed rate cuts boosted confidence. This global optimism has directly contributed to the trend where Nifty Hits Record levels repeatedly.
Foreign Institutional Investors (FIIs) purchased equities worth ₹4,778 crore, while Domestic Institutional Investors (DIIs) bought ₹6,247 crore, adding further fuel to the rally.
Economic Sentiment Strengthens
Market experts attribute the rally to a mix of macro factors. According to analysts, expectations of a Fed rate cut, along with the possibility of easing geopolitical tensions like a Russia-Ukraine understanding, have lifted global market sentiment. Meanwhile, Brent crude prices dipped 0.48% to $62.83 per barrel, offering additional relief to investors concerned about inflation.
Conclusion
Finally, strong global cues, robust institutional buying, and rising expectations of monetary easing have created the perfect environment for Indian indices to break new ground. As Nifty Hits Record highs yet again, investors remain hopeful that this upward momentum could continue, provided global conditions stay supportive and domestic indicators remain stable.
