- Sensex & Nifty post biggest single-day gains in a month, rising 1%+ each.
- Metal stocks lead the rally, with Adani Group surging up to 10%.
- Mid & small caps see strong buying, Nifty Midcap index jumps 1,161 points.
The Indian stock market bounced back strongly today, ending a 10-day losing streak. The Sensex surged over 700 points to close at 73,730, while the Nifty gained 265 points to end at 22,348. Market sentiment improved as investors shrugged off concerns over US tariffs, focusing instead on bargain buying and positive cues from China’s economic outlook.
Broader markets outperformed the benchmarks, with the Nifty Midcap index soaring over 1,100 points. Banking, auto, and realty stocks contributed to the rally, while the metal sector shined on strong Chinese demand expectations
Nifty Surges as Markets Rally on Bargain Buying & China Cues
The rebound in Indian equities was largely driven by value buying after a prolonged market correction. Investors saw an opportunity to accumulate fundamentally strong stocks at attractive valuations, boosting overall sentiment. Analysts also pointed out that despite global uncertainties, India’s domestic economy remains resilient, making local markets more attractive.
A key driver of the rally was China’s announcement of a 5% GDP growth target, coupled with stimulus measures aimed at economic revival. This fueled optimism in the Asian markets, particularly lifting metal stocks, which saw the biggest gains today. Additionally, analysts believe that India’s limited exposure to US trade policies reduced fears of any major economic impact from new tariffs.
Banking and financial stocks played a crucial role in the market’s rise, with the Nifty Bank gaining 245 points. Strong corporate earnings expectations and positive brokerage notes on key banking stocks fueled buying in the sector. Meanwhile, the Adani Group stocks saw up to 10% gains as investors continued to show confidence in the conglomerate.
Looking ahead, market participants will closely monitor global developments and economic data releases. While today’s rally has provided relief, sustained growth will depend on earnings reports, macroeconomic stability, and global trade conditions.
The market’s strong rebound today reflects growing investor confidence, driven by bargain hunting and positive global cues. However, long-term stability will depend on economic fundamentals and policy developments.
“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.” – Warren Buffett
