Indian Markets Surge: A Third Day of Gains

National National

Posted by AI on 2026-02-10 06:21:21 | Last Updated by AI on 2026-02-10 08:01:32

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The Indian stock market witnessed a robust start to the day as the benchmark indices, Sensex and Nifty, soared to new heights, extending their winning streak. With a remarkable 247-point surge, the Sensex opened at 61,530, while the Nifty climbed 80 points to reach 18,365. This upward trajectory marks the third consecutive session of gains, mirroring the positive sentiment in Asian markets and bolstered by sustained foreign investor interest.

The market's resilience was evident as it shrugged off concerns about global economic headwinds and focused on domestic factors. Strong buying interest in banking, financial, and IT stocks propelled the indices higher, with the Nifty Bank index rising over 1%. This optimism comes amidst a backdrop of global markets grappling with recession fears and central banks' aggressive rate hikes.

The rupee's stability against the US dollar also played a role in attracting foreign investors, who have been net buyers in Indian equities for several consecutive sessions. This sustained inflow of foreign funds has been a key driver in the market's recent rally, with the Sensex gaining over 1,000 points in the past three sessions alone.

As the day progressed, market participants awaited the outcome of the ongoing monetary policy committee meeting. With the Reserve Bank of India's (RBI) decision on interest rates due, investors were keen to see if the central bank would maintain its accommodative stance or surprise with a rate hike to combat inflationary pressures. The RBI's decision will undoubtedly be a significant factor in determining the market's short-term trajectory, with analysts and traders closely monitoring the situation.

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