Market rally gains momentum: Biggest weekly surge in 4 years

India’s stock markets are on a roll! The Sensex and Nifty extended their winning streak for the fourth straight session on Thursday, posting their best weekly gains in four years.

Sensex closed at 78,553.20, up 1,508.91 points (1.96%)

Nifty surged 414.45 points (1.77%) to finish at 23,851.65

Banking stocks led the charge, with the BSE Bankex hitting an all-time high of 62,293.27, gaining 2.56%. Major players like ICICI Bank, Kotak Mahindra Bank, SBI, Axis Bank, and HDFC Bank shone with up to 3.73% gains.

Key Highlights:

Investors gained ₹25.77 lakh crore in four sessions

Sensex & Nifty jumped over 6% this week

Foreign investors bought ₹15,492 crore worth of stocks

All 30 Sensex stocks ended the week in green

Monsoon forecast & cooling inflation boosted market mood

Top weekly performers included IndusInd Bank (+15.34%), Axis Bank, Adani Ports, Bharti Airtel, and ICICI Bank.

Vinod Nair of Geojit Financial Services attributed the rally to a supportive macroeconomic environment, a positive inflation outlook, and strong foreign fund inflows.