- Sensex jumps over 600 points to close at 76,955; Nifty 50 crosses 23,300.
- IT stocks in focus after Accenture’s earnings; NBFCs see strong momentum.
- Global markets under pressure amid Fed concerns and looming US tariffs.
The Indian stock market continued its bullish trend for the fifth consecutive session, with the Sensex and Nifty registering significant gains. The rally was fueled by strong performances in banking, energy, and NBFC sectors.
On the global front, Wall Street saw declines as traders reacted to the Federal Reserve’s signals on interest rates and inflation risks. While the Fed reiterated plans for two rate cuts this year, concerns over persistent inflation and upcoming US tariffs dampened sentiment.
Stock Market Rally Continues Despite Global Headwinds
The domestic market remains resilient despite volatility in global equities. The Nifty Bank index gained nearly 400 points, indicating strength in the financial sector. Additionally, NBFC stocks like Manappuram Finance surged after Bain Capital’s investment, reinforcing positive sentiment toward the sector. Brokerage firms also remain bullish on defense and real estate stocks, particularly HAL, Bharat Electronics, Prestige Estates, and Godrej Properties.
While India’s markets thrive, global uncertainties continue to pose risks. Japan’s inflation cooled slightly, but US stock futures declined due to concerns about monetary policy and trade tariffs. Analysts warn that any sudden shift in the Fed’s stance or escalation in trade tensions could trigger corrections in emerging markets.
With corporate earnings season underway, investors will closely watch financial reports and management commentary for cues on market direction. The IT sector remains a focal point, especially after Accenture’s cautious revenue forecast. Meanwhile, gold’s steady prices signal sustained investor interest in safe-haven assets amid economic uncertainties.
Despite strong domestic gains, geopolitical factors and economic trends abroad will influence market movements. While bullish sentiment persists, traders must stay alert to evolving risks in global finance.
The Indian stock market continues its upward trajectory, but investors should remain cautious of external headwinds. Strong fundamentals in domestic equities provide confidence, yet global uncertainties demand a vigilant approach.
“In investing, what is comfortable is rarely profitable.” – Robert Arnott
