Mumbai: The Indian stock market soared this week, lifting investor wealth by a staggering Rs 9.70 lakh crore. In three trading days, the BSE Sensex rose 1,859.08 points or 2.27 percent, closing at 83,755.87 on Thursday—up 1,000.36 points (1.21 percent) that day alone.
Drivers of Market Buzz
Analysts say the rally was fueled by optimism as geopolitical tensions eased and macroeconomic signals became stronger. "With geopolitical tensions easing, macroeconomic indicators stabilizing, the broader market appears to be regaining confidence," said Gaurav Garg, Analyst at Lemonn Markets.
Sectoral Strength and Stock Rollcall
A strong push came from metal stocks, which jumped 2.28 percent, driving the rally. Other sectors showing gains include oil & gas (1.88 percent), energy (1.68 percent), commodities (1.39 percent), financial services (1.25 percent), utilities (1.24 percent), and power (1.13 percent).
In the Sensex lineup, Tata Steel, Bajaj Finance, Bharti Airtel, Adani Ports, Eternal, HDFC Bank, Bajaj Finserv, NTPC, Reliance Industries, and Axis Bank were top gainers. Trent, SBI, Tech Mahindra, and Maruti were the few laggards.
Midcap shares climbed 0.56 percent, while smallcap stocks edged up 0.12 percent.
Trading Trends Behind the Gains
Market breadth was healthy, with 2,097 advancing stocks versus 1,900 declining on the BSE; 156 stocks remained unchanged.
Vinod Nair, Head of Research at Geojit Investments, noted that foreign investors were selling due to narrowing yield differences between US and India. Meanwhile, domestic investors kept buying, supported by good liquidity and recovering consumer demand.
What it Means for Investors
The recent gains highlight how peace in geopolitics can quickly boost markets. With positive earnings in metal and financial sectors and strong domestic investment, confidence is improving.
However, experts remind investors that markets can be volatile. Tracking global developments, interest rates, and corporate earnings remains essential to stay ahead.
(With PTI Inputs)
