Sensex gains over 2,100 points in 3 trading sessions
Sensex had another strong day, closing at 76,704 with a 633-point jump, making it three days in a row of big gains (over 2,100 points total).
This rally comes even as foreign investors pulled out ₹16,800 crore due to ongoing West Asia tensions.
What's next for the markets?
If you're watching the markets or thinking about investing, know that India's stock momentum depends on what happens next with oil prices and global conflicts.
Analysts say rising oil costs can hit company profits and push up prices for everyone here.
Banking and auto stocks have performed well
The recent comeback is mostly thanks to value buying after earlier drops. Big moves happened when Brent crude prices fell sharply and banking and auto stocks performed well.
With volatility easing (India VIX eased below 13.5), traders are now eyeing resistance and support levels while waiting for clearer news from West Asia.