MUMBAI– Indian equity benchmarks continued their upward momentum on Thursday, with both the Sensex and Nifty closing higher for the second consecutive session amid strong buying during the ongoing second-quarter earnings season.
At the close of trading, the Sensex surged 862.23 points, or 1.04 percent, to finish at 83,467.66, while the Nifty gained 261.75 points, or 1.03 percent, to end at 25,585.3.
“The bulls remained in control for the second straight session as Nifty crossed the psychological hurdle of 25,500,” analysts said. “The index also broke out above a major falling trend line that connects all key tops since the previous record high of 26,277, indicating the potential for further upside in the coming sessions.”
Market experts noted that the overall outlook remains positive, with the Nifty likely to move toward the 25,800–26,000 range in the short term. Support has now shifted higher to around 25,420.
Broader markets also ended in the green, with the Nifty MidCap 100 index rising 0.46 percent and the Nifty SmallCap 100 up 0.24 percent. Except for the Nifty PSU Bank index, which slipped 0.44 percent, all sectoral indices closed higher. The Nifty FMCG and Realty indices led the rally, gaining 2.02 percent and 1.90 percent, respectively.
Among individual stocks, Titan, Kotak Mahindra Bank, and Axis Bank were the top gainers on the Sensex, while Infosys and Eternal were the only laggards.
Analysts attributed the market’s continued strength to positive global cues, optimism surrounding India–U.S. trade talks, and robust domestic corporate earnings. Buying interest was broad-based, led by Realty, Auto, FMCG, and Private Banking stocks.
Investor sentiment was also supported by expectations of a demand recovery in the third quarter of FY26, signs of renewed foreign inflows, dovish signals from the U.S. Federal Reserve, and a weaker dollar index. The recent appreciation of the Indian rupee further bolstered confidence.
Experts cautioned, however, that while near-term momentum remains strong, the sustainability of the rally will hinge on corporate earnings growth and global trade developments. (Source: IANS)
