- Sensex jumps over 950 points; Nifty nears 22,800 amid global optimism
- Gold hits record highs at ₹90,750 per 10 grams as investors seek safety
- Bajaj Finance and CG Power in focus with positive stock outlooks
The Indian stock market saw a strong rally today, with the Sensex surging over 950 points and the Nifty approaching 22,800. Positive cues from Wall Street and strong performances in Asian markets fueled the gains.
Meanwhile, gold prices reached a new record high of ₹90,750 per 10 grams, reflecting increased demand for safe-haven assets amid economic uncertainties.
Sensex and Nifty Climb as Investors Eye Fed Decision
The stock market maintained its positive momentum today, driven by strong performances in financial and industrial stocks. Shriram Finance, M&M, and Bajaj Finserv were among the top gainers, contributing to the Sensex’s impressive 950-point jump. Mobikwik also saw a remarkable 20% rise, highlighting investor confidence in fintech. With Nifty breaking out of its recent range, traders are anticipating further gains if global cues remain supportive.
Beyond equities, commodities also made headlines as gold prices soared to a new all-time high of ₹90,750 per 10 grams. The metal’s appeal as a safe-haven asset continues to grow, driven by inflation concerns and economic uncertainties. Meanwhile, crude oil prices saw a slight dip, reflecting market reassessments of supply-demand trends amid geopolitical shifts.
Bajaj Finance remained in focus after Morgan Stanley reaffirmed its bullish outlook, setting a price target of ₹9,300. Investors are also awaiting clarity on Rajeev Jain’s role in the company, which could influence stock movements. On the dividend front, CG Power announced a 65% interim payout for FY25, benefiting shareholders. These corporate developments signal a strong investor sentiment across key sectors.
The Federal Reserve’s ongoing meeting remains a critical event, with markets eagerly awaiting an interest rate decision. Fed Chair Jerome Powell has suggested that rising trade tariffs could complicate inflation control, adding uncertainty to global financial markets. Any unexpected stance from the Fed could trigger volatility in both domestic and international equities.
Despite economic uncertainties, the Indian stock market remains resilient, supported by strong earnings, liquidity, and global tailwinds. If positive momentum continues, the Nifty could challenge new record highs in the coming sessions.
“The stock market is filled with individuals who know the price of everything, but the value of nothing.” – Philip Fisher
