Sensex and Nifty50 Extend Winning Streak to Fifth Session

Indian benchmark indices continued their upward trajectory on Thursday, marking the fifth consecutive session of gains. Driven by easing geopolitical tensions and a significant drop in global crude oil prices, investor sentiment remained resilient despite cautious commentary from the US Federal Reserve.

Market Indices Close in the Green

The BSE Sensex climbed 254.36 points, or 0.33%, to settle at 77,409.98. Similarly, the NSE Nifty50 rose by 82.30 points, representing a 0.34% increase, to close at 24,168. 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.

Global Drivers: Crude Oil and Geopolitical Stability

A primary catalyst for the bullish movement was the decline in Brent crude, which fell 2.23% to USD 77.78 per barrel. This drop was fueled by optimism surrounding a Memorandum of Understanding (MoU) signed by US President Donald Trump with Iran, aimed at resolving the three-month conflict in West Asia.

While lower energy costs provided a cushion against inflationary pressures, market experts noted a tug-of-war between global factors. Vinod Nair, Head of Research at Geojit Investments Ltd, highlighted that while the US-Iran peace deal boosted confidence, hawkish remarks from the US Fed regarding potential rate hikes due to energy-driven inflation kept investors cautious.

Top Gainers and Losers in Nifty50 and Sensex

Sectoral performance was mixed, with utilities, healthcare, and power stocks leading the charge, while the IT sector faced significant selling pressure.

Nifty50 Performance:

  • Top Gainers: Max Healthcare (6.27%), InterGlobe Aviation (2.74%), Trent (2.48%), Adani Enterprises (2.09%), and BEL (2.09%).
  • Top Losers: Infosys (-2.61%), Tata Consumer (-1.17%), Maruti Suzuki (-1.08%), Tech Mahindra (-1.01%), and TCS (-0.89%).

BSE Sensex Performance:

  • Top Gainers: InterGlobe Aviation (2.74%), Trent (2.48%), BEL (2.09%), NTPC (1.81%), and SBI (1.58%).
  • Top Losers: Infosys (-2.61%), Maruti Suzuki (-1.08%), Tech Mahindra (-1.01%), TCS (-0.89%), and HCL Tech (-0.43%).

Institutional Activity and Outlook

Investor Institusi Asing (FIIs) menunjukkan minat yang moderat, membeli ekuitas senilai Rs 101,59 crore pada hari Rabu. Analis berpendapat bahwa meskipun prospek kebijakan Federal Reserve tetap menjadi titik kekhawatiran, melandainya imbal hasil obligasi dan harga minyak mentah yang lebih rendah dapat memberikan penyeimbang yang signifikan terhadap kekhawatiran inflasi pada periode fiskal mendatang.

Poin-Poin Penting

  • Keuntungan Konsisten: Baik Sensex maupun Nifty50 memperpanjang tren kenaikan mereka menjadi lima sesi berturut-turut, didukung oleh minat beli di akhir sesi.
  • Katalis Makroekonomi: Meredanya ketegangan di Asia Barat dan penurunan harga minyak mentah Brent sebesar 2,23% bertindak sebagai pendorong utama bagi pasar domestik.
  • Divergensi Sektoral: Saham kesehatan, penerbangan, dan utilitas muncul sebagai pemimpin, sementara sektor IT, yang dipimpin oleh Infosys, menghadapi tekanan jual yang berat.