US optimism fuels Nifty's strongest 5-day rally in seven months
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nifty rose 150 points to close at 23,961 on Wednesday, marking its strongest five-day rally in seven months.
- ✓Markets got a boost from strong foreign inflows and optimism over a divided US government.
- ✓Hemant Sood said, "The rally has moved beyond a handful of index heavyweights," showing healthy market participation.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Benchmark closes above 200-DMA for first time since August; broader markets outperform amid strong FII inflows
Markets extended their winning streak to a fifth straight session on Wednesday, with benchmark indices ending at fresh two-month highs amid broad-based buying, strong foreign inflows, and optimism that a divided US government could ease concerns over trade and tariff policies.
Markets extended their winning streak to a fifth straight session on Wednesday, with benchmark indices ending at fresh two-month highs amid broad-based buying, strong foreign inflows, and optimism that a divided US government could temper trade and tariff risks.
The Nifty 50 rose 150 points, or 0.63 per cent, to close at 23,961, marking its first finish above the 200-day exponential moving average (EMA) of 23,904 since August 13. The BSE Sensex gained 384 points, or 0.50 per cent, to settle at 77,301. The Nifty has now rallied more than 5 per cent in the last five sessions, its strongest such advance in seven months, recovering nearly 1,800 points from its recent low of 22,179.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Business Line
Read the full, original unfiltered story directly on the publisher's portal.