Indian equity markets continued their bullish momentum for the second straight session on Thursday, propelled by optimistic global market trends and renewed interest from foreign institutional investors.
Record-Breaking Performance
The benchmark BSE Sensex witnessed a substantial jump of 446.21 points, representing a 0.52% increase, to close the trading session at 85,632.68. During intraday trading, the index demonstrated even stronger performance, surging by 615.23 points or 0.72% to touch a 52-week high of 85,801.70.
Driving Forces Behind the Rally
The market upswing was primarily fueled by two key factors: firm global trends across major international markets and fresh foreign fund inflows into Indian equities. This combination created perfect conditions for the bullish sentiment that dominated trading activities throughout the day.
Market analysts noted that the consistent buying interest from foreign portfolio investors indicated growing confidence in India's economic fundamentals and corporate earnings outlook. The positive global cues provided additional momentum, encouraging domestic investors to participate actively in the rally.
Sustained Market Optimism
The consecutive day of gains reflects building investor confidence and suggests that the upward trend might have more room to run. The achievement of a new 52-week high during the trading session underscores the strength of the current market momentum.
Trading volumes remained healthy across sectors, with particularly strong performances observed in banking, financial services, and technology stocks. Market breadth remained positive, indicating broad-based participation in the rally rather than concentration in few heavyweight stocks.
This impressive performance comes amid expectations of continued economic growth and stable corporate earnings, making Indian equities an attractive destination for both domestic and international investors seeking returns in emerging markets.
