Sensex Surges 1,233 Points, Nifty Tops 23,440 as Indian Markets Extend 3-Day Winning Streak
- Sensex closed up 1.66% at 75,692.78
- Nifty gained 387.70 points to 23,440.80
- NSE reclaimed $5 trillion market cap
Indian equity markets kicked off the month on an exceptionally strong note, staging a sharp comeback with benchmark indices extending their rally for a third consecutive session. The 30-share BSE Sensex surged 1,233.25 points (1.66%) to close at 75,692.78, while the 50-share NSE Nifty rallied 387.70 points (1.68%) to settle at 23,440.80.
The rally helped the National Stock Exchange comfortably reclaim the prestigious $5 trillion market capitalisation milestone. Plunging Brent crude oil prices and strong festive domestic sales data bolstered investor sentiment across Mumbai and Gujarat business hubs.
In simple terms: Indian stock markets surged today because oil prices fell and major companies posted high profits. Lower oil prices save money for Indian businesses.