Sensex and Nifty Extend Rally for Fourth Day Amid Softer Crude Prices

Indian benchmark indices continued their upward trajectory on Wednesday, marking the fourth consecutive session of gains. Despite persistent selling by foreign institutional investors, easing geopolitical tensions and declining crude oil prices provided the necessary cushion for a bullish close.

Market Indices Performance

The BSE Sensex demonstrated strong momentum, rising by 347.14 points, or 0.45%, to finish at 77,155.62. During intraday trading, the index saw a peak rise of 410.51 points before settling. Similarly, the NSE Nifty50 gained 96.55 points, or 0.40%, to end the session at 24,085.70, having touched an intraday high of 24,108.20.

This rally follows a positive trend from the previous session, where the Sensex had surged 544.15 points. The current market sentiment is being heavily influenced by global factors, specifically the softening of Brent crude oil prices, which traded around USD 79.10 per barrel.

Driving Forces: Geopolitics and Crude Oil

The primary catalyst for the market's buoyancy appears to be the US-Iran peace deal, which has significantly eased geopolitical tensions near the Strait of Hormuz. According to Vinod Nair, Head of Research at Geojit Investments Limited, the continued weakness in crude oil prices driven by these easing tensions has kept investor sentiment positive.

While global markets showed mixed signals—with Asian peers like Japan's Nikkei 225 and China's Shanghai Composite ending higher, and US markets ending mostly lower—the domestic indices managed to decouple from the broader volatility. However, it is important to note that Foreign Institutional Investors (FIIs) remain cautious, having sold equities worth Rs 749.18 crore on Tuesday.

Top Gainers and Losers: Sectoral Winners and Laggards

The trading session saw significant volatility in specific stocks, particularly in the retail and defense sectors.

Nifty50 and Sensex Top Gainers:

Nifty50 및 Sensex 하락률 상위 종목:

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