Indian Stock Market Sees Significant Gains Amid Easing Tensions
Sensex spurts 902 pts; Nifty trades above 23,700 level
Business Standard
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The Indian stock market experienced a surge, with the S&P BSE Sensex rising by 902.45 points to reach 75,539 and the Nifty 50 index climbing 315.55 points to 23,724.30. This growth was driven by optimism surrounding US-China trade talks and a focus on the ongoing Q4 earnings season, despite a mixed market breadth.
- 01S&P BSE Sensex surged by 902.45 points to 75,539.
- 02Nifty 50 index increased by 315.55 points to 23,724.30.
- 03All sectoral indices, except IT, recorded gains.
- 04Bharti Airtel reported a 10.47% QoQ rise in net profit.
- 05India's WPI inflation rose sharply to 8.3% in April.
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The Indian stock market showed robust performance today, with the S&P BSE Sensex gaining 902.45 points or 1.22%, reaching 75,539. The Nifty 50 index also rose by 315.55 points or 1.34%, trading above 23,700. This positive trend was attributed to value buying and optimism regarding easing geopolitical tensions and ongoing US-China trade talks. All sectoral indices on the National Stock Exchange (NSE) were in the green, except for the IT index, which faced pressure. Notably, Bharti Airtel's stock jumped 4.80% after the company reported a 10.47% quarter-on-quarter increase in consolidated net profit for Q4 FY26. However, the broader market showed a negative breadth, with 2,016 shares advancing and 2,039 declining on the Bombay Stock Exchange (BSE). Additionally, India's wholesale price index (WPI) inflation surged to 8.3% in April, driven by rising fuel and crude oil prices, indicating potential economic pressures ahead.
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The surge in stock prices may boost investor confidence and potentially lead to increased consumer spending as market sentiment improves.
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