- Sensex gains 980 points, Nifty touches 25,550 as markets rally ahead of F&O expiry.
- Mobikwik stock surges 15% on high-volume trades; Union Bank to raise ₹6,000 crore.
- Global indices steady as S&P 500 nears record, inflation data and geopolitics in focus.
India’s stock markets surged on Thursday, with the BSE Sensex climbing 980 points to 83,732 and the Nifty 50 reaching 25,548, driven by strong performances in oil & gas, metal, and banking sectors.
Meanwhile, on the global front, U.S. stock futures edged higher as investors anticipate key macroeconomic data, particularly the PCE inflation index due Friday.
Sensex Surges Near 84K, Global Markets Poised Ahead of Inflation Data and Earnings
Shares of Mobikwik spiked nearly 15%, touching an intraday high of ₹282.65 on the BSE, with over 9.2 million shares traded. This jump came after an initial 6.2% dip earlier in the day, signaling strong speculative interest and possible institutional accumulation. The volume spike hints at potential strategic moves or optimistic earnings forecasts.
Union Bank of India gained 2.49%, trading at ₹148, after its board approved plans to raise up to ₹6,000 crore via equity and debt. With a 52-week high of ₹158.60, the stock remains buoyant as the bank eyes credit expansion and balance sheet fortification. The move aligns with broader sector trends of capital strengthening.
Despite U.S. indices closing mixed on Wednesday, Nasdaq rose 0.3%, reflecting resilience in tech amid inflation uncertainty. Federal Reserve Chair Jerome Powell reiterated concerns about inflation ticking higher in the second half of 2025, forecasting core inflation at 2.6%. Rising yields could affect growth stocks and put pressure on Nasdaq and S&P 500.
In corporate news, the Magnum Ice Cream Company (Netherlands) is set to acquire a 61.9% stake in Kwality Wall’s (India) from the Unilever Group. This move is expected to reshape India’s premium frozen dessert market, increasing competition and consumer choices in the space.
With domestic benchmarks posting strong gains and global markets cautiously optimistic, the Indian equity landscape reflects robust momentum tempered by global macroeconomic variables. Investors remain attentive to earnings, inflation data, and global policy shifts.
“The stock market is filled with individuals who know the price of everything, but the value of nothing.” — Philip Fisher
