- Sensex and Nifty extend gains, with Nifty surpassing 23,150.
- IT and financial stocks lead the rally; auto stocks recover despite weak Q3 earnings.
- Global markets await the US Fed’s interest rate decision and ECB’s expected rate cut.
Indian stock markets continued their upward trend, with the Sensex surging over 650 points and the Nifty 50 surpassing 23,150. Gains were driven by IT and financial stocks, as investors remained optimistic about upcoming economic decisions.
On the global front, European stocks remained stable ahead of the ECB meeting, where a quarter-point rate cut is expected. Meanwhile, US markets ended higher overnight, and strong Q4 results from Dutch semiconductor firm ASML boosted sentiment despite recent volatility in the tech sector.
Stock Markets Surge as IT, Auto Stocks Gain Momentum
Indian equity indices opened higher for the second straight session, with investor sentiment lifted by the strong performance of IT and financial stocks. The Nifty IT index climbed over 1.5%, led by Persistent Systems, LTTS, and Infosys. The auto sector also saw a rebound, with TVS Motor and Bajaj Auto leading gains despite sluggish domestic sales in Q3.
Earnings reports played a key role in today’s market movements. Companies such as Maruti Suzuki, Tata Motors, and Voltas are set to release their quarterly results, while stocks like Bajaj Auto and SBI Card are reacting to recent earnings announcements. Religare Enterprises and Grasim Industries are also in focus.
Globally, investors are closely watching the US Federal Reserve’s policy meeting, with expectations that interest rates will remain unchanged. In Europe, stock markets traded cautiously ahead of the ECB’s expected rate cut, while German consumer sentiment dipped amid economic concerns.
Meanwhile, semiconductor giant ASML impressed with strong Q4 results, helping stabilize tech stocks after a global sell-off. This comes as the market reacts to recent innovations like Chinese startup DeepSeek’s AI model, which made headlines earlier in the week.
The Indian stock market’s upward momentum reflects optimism around corporate earnings and global economic cues. With major central bank decisions looming, investors remain watchful for further market direction.
“The stock market is a device for transferring money from the impatient to the patient.” — Warren Buffett
