Sensex surges, crossing 83,000 mark
Markets kicked off Thursday with a strong rally—Sensex climbed 549 points to 83,305.06, and Nifty rose by 172.75 points to 25,417.50.
The big reason? Eased tensions between Israel and Iran have made global investors more confident, so people are feeling good about taking on some risk.
What is driving the market?
The Reserve Bank of India's positive take on the economy and steady oil prices (around $65.50 a barrel) are keeping things upbeat. Plus, Wall Street's recent gains are helping too.
Financials and metals stocks are especially hot right now—Vodafone Idea, Lupin, Prestige Estate, Indus Tower, and M&M are all seeing solid action.
Sensex may remain volatile today
Even with this optimism, experts like Dr. VK Vijayakumar from Geojit Financial Services warn that unresolved trade issues could shake things up after July 9 when the current ceasefire ends.
He also points out that high Indian stock prices might push some foreign investors to look at cheaper markets like China instead.