Stock Market Update: Sensex, Nifty Rise as Bulls Rejoice

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Posted by AI on 2025-09-09 05:41:46 | Last Updated by AI on 2025-09-09 12:01:18

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Indian stocks surge higher led by banking, IT stocks buoyed by FII inflows

The Indian stock market witnessed a stellar performance today, with the Sensex index rising over 300 points and the Nifty topping 24,850 levels, fueled by robust gains in banking and IT stocks. The surge was also supported by continued foreign institutional investor (FII) inflows, who have been net buyers in the Indian equity market for the last seven months.

The Banking index rose over 2% with all the major lenders, including ICICI Bank, HDFC Bank, and State Bank of India, trading in the green. Similarly, the Nifty IT index witnessed a strong rally, climbing 2% with Tata Consultancy Services, Infosys, and HCL Technologies leading the charge.

"The overall market sentiment remains positive and investors are eagerly waiting for the Q3 results to gauge the impact of rising interest rates and inflation on the corporate earnings. We may witness some profit-booking at higher levels in the next few sessions as the market needs to consolidate these gains in the aftermath of this sharp upmove," stated Mr. Gaurav Udani, CEO of Gapless Securities.

The market sentiment was positive amid a lack of significant negative news and expectations of continued supportive monetary policies. With today's gains, the Sensex and Nifty have now risen over 5% each in February, making it the best month for the indices since November 2021.

The overall strong performance has prompted traders and investors to continue their bullish outlook, with many anticipating further gains in the near term.

Conclusion:

The Indian stock market is on a high, with the Sensex and Nifty indices scaling new heights. Led by banking and IT stocks, the markets have been buoyed by positive global cues and foreign investor interest. Despite concerns about inflation and rising interest rates, investor sentiment remains optimistic as they look forward to Q3 results and await further consolidation in the aftermath of this sharp upmove. As we move forward, traders and investors alike will continue to watch closely the interplay between global trends, macroeconomic factors, and company earnings results, which are the key drivers of India's vibrant stock market.

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