- Nifty Bank closes above 57,400 for the first time, marking a historic peak.
- Broader indices, including Nifty Small Cap, outperform benchmarks.
- Crude oil slump, easing geopolitical risks fuel strong investor sentiment.
Indian equity markets continued their bullish stride this week, with both the Sensex and Nifty posting over 2% gains. Nifty closed above the 25,600 level, while the Nifty Bank index surged to a record high, ending above the 57,400 mark.
Positive cues extended beyond domestic factors. A weakening US dollar and the de-escalation of geopolitical tensions in the Middle East contributed to improved global risk appetite.
Bullish Breeze Lifts Markets: Nifty and Sensex Extend Weekly Gains
The Nifty Small Cap index surged over 4% this week, signaling robust participation from retail investors and optimism in mid-tier businesses. Polycab and IDBI Bank stood out among midcap performers, while HPCL rallied due to favorable oil price dynamics.
Public sector banks posted modest gains after Finance Minister Nirmala Sitharaman encouraged increased credit growth. IndusInd Bank rose sharply amid speculation around new leadership, highlighting how executive shifts can impact investor sentiment.
Akzo Nobel soared 7% following a strategic partnership with JSW Paints. Godfrey Phillips extended its remarkable 2025 rally, now up 79%, while Dixon Technologies benefited from a bullish brokerage outlook, gaining over 1% on Friday.
Reduced tensions in the Iran-Israel conflict helped stabilize global markets. The absence of supply disruptions led to a steep fall in crude oil, bringing relief to oil-importing nations like India. Additionally, the decline in the US dollar made Indian equities more attractive to overseas investors.
The market’s strong performance reflects a favorable blend of global relief, domestic resilience, and sector-specific optimism. As June closes, investors appear cautiously confident, bolstered by record highs and improving macro conditions.
“In the middle of difficulty lies opportunity.” – Albert Einstein
The current market rally echoes this sentiment, as investors seize opportunity amid previously looming risks.
