Synopsis : Indian markets extended their winning streak on Wednesday with Sensex surging over 400 points and Nifty crossing 24,950. Optimism over potential GST cuts and renewed US-India trade talks fueled investor sentiment.
Indian equities continued their bullish momentum on Wednesday, marking the fifth consecutive session of gains. The Sensex rallied more than 400 points, while the Nifty traded comfortably above 24,950, supported by broad-based buying across key sectors.
The strong momentum was attributed to growing optimism over a possible GST rate cut and renewed trade negotiations between the U.S. and India, which boosted market confidence. Sectorally, IT and PSU bank stocks led the rally, supported by robust investor interest. Metal, energy, and financial stocks also contributed to the uptrend, while auto and FMCG sectors saw mild weakness.
Market analysts believe that if the Nifty decisively crosses the 25,000 mark, it could set the stage for further upside in the near term, driven by both domestic reforms and global cues.
Global Market Updates:
S&P 500 futures: up 0.3%
Japan’s Topix: up 0.5%
Australia’s S&P/ASX 200: up 0.3%
Hong Kong’s Hang Seng: up 1.2%
Shanghai Composite: up 0.2%
Euro Stoxx 50 futures: up 0.2%
Nasdaq 100 futures: up 0.2%
With both global and domestic markets aligning in positive territory, investor sentiment remains bullish, though volatility may surface around resistance levels.
Disclaimer : This article is intended for informational purposes only and should not be taken as financial advice. Investors should consult certified financial experts before making investment decisions.
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