Sensex and Nifty Extend Winning Streak for Fifth Day Amid Global Optimism

Indian benchmark indices continued their upward trajectory on Thursday, marking the fifth consecutive session of gains. Supported by cooling crude oil prices and geopolitical developments in West Asia, the markets displayed resilience despite cautious signals from the US Federal Reserve.

Market Performance: Sensex and Nifty50 Close Higher

The benchmark BSE Sensex climbed 254.36 points, or 0.33%, to settle at 77,409.98. Similarly, the NSE Nifty50 rose by 82.30 points, or 0.34%, ending the day at 24,168. While the Nifty remained largely range-bound during much of the session, late-stage buying interest propelled the index into positive territory.

The broader market also showed strength, with the BSE SmallCap Select index gaining 0.43% and the MidCap Select index rising 0.33%. On the BSE, a total of 2,419 stocks advanced, while 1,814 declined, and 186 remained unchanged.

Key Drivers: Geopolitics and Crude Oil Prices

Investor sentiment was significantly bolstered by two macroeconomic factors. First, Brent crude, the global oil benchmark, fell by 2.23% to USD 77.78 per barrel. Lower energy costs are expected to alleviate inflationary pressures in India.

Second, optimism surrounding a US-Iran peace deal—following a Memorandum of Understanding (MoU) signed by US President Donald Trump—helped ease geopolitical tensions in West Asia. However, market experts noted that this optimism was slightly tempered by hawkish remarks from the US Fed, which suggested that energy-driven inflation might prompt central banks to consider rate hikes later in the year.

The day saw a divergence in sectoral performance. Utilities, healthcare, services, and power sectors led the gains, while the IT and energy sectors faced selling pressure.

Nifty50 Top Gainers:

  • Max Healthcare: +6.27%
  • InterGlobe Aviation: +2.74%
  • Trent: +2.48%
  • Adani Enterprises: +2.09%
  • BEL: +2.09%

Nifty50 Top Losers:

  • Infosys: -2.61%
  • Tata Consumer: -1.17%
  • Maruti Suzuki: -1.08%
  • Tech Mahindra: -1.01%
  • TCS: -0.89%

In the Sensex, InterGlobe Aviation and Trent were standout performers, while IT heavyweights like Infosys, Tech Mahindra, and TCS acted as drags on the index.

Institutional Activity

Sur le plan institutionnel, les investisseurs institutionnels étrangers (FII) sont restés des acheteurs nets, avec des achats d'actions s'élevant à 101,59 crore ₹ mercredi, selon les données de la bourse. Cet afflux de capitaux, combiné à la modération des rendements obligataires, a servi de tampon face aux perspectives de politique prudente de la Réserve fédérale américaine.

Points clés

  • Série de cinq jours de hausse : Le Sensex et le Nifty50 ont tous deux prolongé leur rallye pour la cinquième séance consécutive, portés par la stabilité mondiale et la baisse des prix du pétrole.
  • Divergence sectorielle : Les valeurs de la santé et de l'aviation ont surperformé, tandis que le secteur de l'informatique a fait face à une pression vendeuse importante, menée par Infosys.
  • Vents favorables macroéconomiques : Une baisse de 2,23 % du Brent et l'apaisement des tensions en Asie de l'Ouest ont aidé à compenser les inquiétudes concernant d'éventuelles hausses des taux d'intérêt de la Fed américaine.