Bulls take charge on Dalal Street on fresh FII inflows

Mumbai: Benchmark BSE Sensex jumped by 862.23 points while Nifty closed near the 25,600 mark on Thursday, following across-the-board buying by investors triggered by a global stocks rally and US Fed rate cut hopes.

The 30-share BSE Sensex jumped 862.23 points or 1.04 per cent to settle at 83,467.66 with 28 of its constituents ending higher and two with losses. During the day, it zoomed 1,010.05 points or 1.22 per cent to 83,615.48. The 50-share NSE Nifty surged 261.75 points or 1.03 per cent to 25,585.30.

“Indian equity markets extended gains on Thursday, with the Sensex rising nearly 900 points and the Nifty hitting a four-month high, supported by strong banking stocks and firm global cues. Optimism over a potential US Fed rate cut and the IMF’s upgraded India growth forecast (6.6% for FY26) boosted sentiment,” said Gaurav Garg, Research Analyst Lemonn Markets Desk.

The BSE smallcap gauge climbed 0.47 per cent and midcap index went up by 0.29 per cent. All sectoral indices ended higher.

“Domestic equities extended their strong recovery rally, buoyed by positive global cues and renewed optimism surrounding India–US trade discussions. Sentiment was further lifted by expectations of a Q3 FY26 demand revival, early signs of FII inflows, supported by dovish commentary from the US Fed, and a softer dollar index,” Vinod Nair, head (research), Geojit Investments Limited, said.

Realty surged the most by 1.87 per cent, followed by FMCG (1.74 per cent), consumer durables (1.51 per cent), bankex (1.27 per cent), auto (1.15 per cent), consumer discretionary (1.05 per cent) and commodities (0.76 per cent). As many as 2,377 stocks advanced while 1,810 declined and 147 remained unchanged on the BSE.

Among Sensex firms, Kotak Mahindra Bank rose the most by 2.67 per cent. Titan, Axis Bank, Adani Ports, Mahindra & Mahindra, Reliance Industries, Tata Motors and HDFC Bank were among the major gainers. However, Eternal and Infosys were the laggards.