Sensex surges over 300 points; Nifty crosses 26,000 mark
Markets kicked off Friday with a strong rally—Sensex jumped 335 points to 85,151 and Nifty crossed the 26,000 mark, bouncing back after three days of losses.
Why does this matter?
If you're watching the markets or thinking about investing, analysts suggest that this rebound may signal renewed momentum.
With domestic investors stepping in and Nifty holding above key levels, market commentators note a sense of optimism for short-term gains.
What's fueling the rise?
Global cues are helping: the US Fed just cut rates again, US bond yields are down, and oil prices have dropped—all helping moderate concerns about foreign investor outflows.
Sectors like metals, autos, pharma, and consumer durables all saw gains around 1%.
Who's winning (and who's not)?
Stocks like Tata Steel and Kotak Mahindra Bank led with up to 2.5% gains. Meanwhile, Asian Paints and Bajaj Finance lagged behind.
Midcap and smallcap indices also moved up nearly 1%, adding to the positive vibe across the board.