Nifty reclaims 24,500 as crude prices ease: Can the rally extend further?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Nifty surged 576 points to close at 24,536 on Thursday, marking its sixth straight day of gains.
- ✓The index reclaimed the 24,500 level as crude prices eased and foreign funds flowed in.
- ✓Auto and financial stocks led the rally, while the rupee also got stronger against the US dollar.
Story at a Glance
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- MARKET
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- CNBC TV18
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- 3 Minute(s)
- Market Focus
- India Economy
Nifty extended its winning streak to a sixth consecutive session on Thursday, surging 576 points, or 2.4%, to close at 24,536. This marked the index's sharpest single-day percentage gain since April 8, 2026, and its highest closing level in nearly three months.
The benchmark has now advanced over 8% in six sessions, its strongest such rally since February 8, 2021.
The index opened with a gap-up of more than 400 points and sustained its upward momentum through the session, ending firmly in positive territory.
Bajaj Finance, Shriram Finance and Mahindra & Mahindra were among the top Nifty gainers, while Apollo Hospitals, ONGC and NTPC emerged as the key laggards.
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