The shares of BSE jumped 1.8% to an intraday high of Rs 2,533.70, while those of Angel One surged 1.4% to their day’s high of Rs 2,532.50.
Investor optimism was buoyed by positive market sentiment as traders focused on the strong fundamentals and favourable market conditions. The Nifty 50, closely tracking the broader market’s performance, showed impressive resilience during today’s session.
This performance comes on the back of recent market growth, supported by renewed investor confidence and economic optimism.
As the Nifty approached its record high, which was set last year in September at 26,277.35, traders remained optimistic about the outlook, especially with strong festive-season demand and the anticipation of policy support in the coming months.
On the technical front, the Nifty index was seen touching an intraday high of 26,099.70, showcasing a steady upward momentum.Hopes surrounding a breakthrough in the India-U.S. trade negotiations have also underpinned market confidence. Reports indicate that the two nations may be nearing a deal that would reduce tariffs on Indian exports to the U.S. from around 50% to 15–16%. Market participants responded positively to this development, interpreting it as a potential boost for export-oriented sectors and domestic corporate earnings.Market chatter intensified following remarks from President Trump and Prime Minister Modi hinting at progress in the discussions.
Adding to the positive undertone was the turnaround in foreign institutional investment activity. After several months of persistent outflows, foreign institutional investors (FIIs) have reversed their stance, infusing over Rs 1,385 crore into Indian equities so far this month.
This marks a significant shift from prior months that saw net outflows of Rs 22,761 crore in September, Rs 41,908 crore in August, and Rs 38,214 crore in July. The renewed inflows have lifted sentiment and contributed to the rally in domestic benchmark indices.
As the Sensex rose to a level of 85,272.40, just about 0.8% off its all-time high, it signalled the continued optimism among investors regarding India’s long-term economic growth and the strength of its capital markets.
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