1 week ago
Sensex Jumps 628 Points as Nifty Ends Seven-Day Slide
India’s main stock markets rose on Thursday.
The Sensex gained about 628 points.
The Nifty climbed about 154 points.
This ended the Nifty’s seven-day streak of falling prices.
The Sensex had declined for four days before recovering.
Lower bond yields around the world made investors more comfortable buying stocks.
Foreign investors also bought Indian shares.
Technology, banking and realty companies helped the market.
However, expensive oil and US-Iran tensions remained concerns.
The BSE Sensex rose 628.04 points, or 0.82%, to close at 77,537.72.
The NSE Nifty gained 153.55 points, or 0.64%, to finish at 24,231.85.
The Nifty ended a seven-session losing streak, while the Sensex recovered after four consecutive declines.
Easing global bond yields, stronger international markets and foreign fund buying improved investor risk appetite.
IT, financial and realty stocks advanced, although high crude prices and geopolitical tensions kept optimism guarded.
- Who
- The Sensex and Nifty benchmark indices, supported by domestic and foreign investors.
- What
- The Sensex rose 628.04 points and the Nifty gained 153.55 points, ending the Nifty’s seven-session losing streak.
- Where
- Indian equity markets, including the Bombay Stock Exchange and National Stock Exchange of India.
- When
- Thursday, at the close of trading; the report is dated August 20.
- Why
- Easing global bond yields, a rally in world markets, foreign fund buying and resilient domestic demand improved risk appetite.
Reasons for Optimism
Reasons for Caution
Global bond yields and risk appetite
Reasons for Optimism
Easing global bond yields and a reported United States Treasury bond-buyback programme helped stabilize bond markets and encouraged investors to return to equities.
Reasons for Caution
Analysts described the improvement as near-term relief, while noting that market optimism remained guarded.
Market recovery
Reasons for Optimism
The rebound was broad, with strength in IT, financial services and realty stocks; Asian markets and United States markets also gained.
Reasons for Caution
The recovery followed a prolonged decline, and European markets were trading mostly lower during the session.
Oil and geopolitical risks
Reasons for Optimism
A firmer rupee, lower yields and foreign fund inflows improved the attractiveness of emerging markets, including India.
Reasons for Caution
Brent crude rose to USD 93.91 per barrel, while unresolved US-Iran tensions continued to raise concerns about inflation and corporate profitability.
Key facts
- Sensex close
- 77,537.72
- Sensex change
- Up 628.04 points, or 0.82%
- Sensex intraday high
- 77,611.11
- Nifty close
- 24,231.85
- Nifty change
- Up 153.55 points, or 0.64%
- Foreign institutional buying
- Rs 407.99 crore on Wednesday, according to exchange data
- Investor wealth
- Rose by Rs 2.71 lakh crore to Rs 4,91,41,686.64 crore
- Brent crude
- Rose 2.67% to USD 93.91 per barrel
Quotes
Hariselvan Radhakrishnan
Founder & CEO, HST Wealth, a SEBI‑registered Research Analyst firm.
““Indian equity markets ended higher on Thursday, snapping a seven‑session losing streak—the longest in nearly 11 months—as easing global bond yields revived risk appetite and encouraged investors back into equities.””
theprint.in
““Markets found much-needed relief after the US Treasury stepped in to contain the surge in global bond yields, triggering a strong broad‑based rebound and ending the domestic market’s week‑long losing streak.””
theprint.in
Sources
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