Market Performance
In a striking display of bullish momentum, Sensex and Nifty have each soared over 8% in the past seven consecutive trading sessions. The Sensex surged past the 80,000 mark, while Nifty is inching closer to the 25,000 milestone—reflecting high investor confidence driven by strong foreign inflows and positive global cues.
- Sensex: Crossed 80,000
- Nifty: Approaching 25,000
- Rally duration: 7 straight sessions
- FIIs investment: Over $2 billion
Main News
The rally, fueled by a $2 billion buying spree from Foreign Institutional Investors (FIIs), marks one of the sharpest week-long gains for the Indian markets in recent times.
Despite early caution about potential overheating in the markets, a shift in global sentiment—especially from Wall Street and Asia—acted as a catalyst for continued gains. Optimism grew after U.S. Treasury Secretary hinted at easing tensions with China, while comments from Donald Trump signaled a softer approach towards interest rates and trade tariffs.
This upbeat narrative added fresh fuel to Indian equities, already experiencing momentum.
Company Details
While sector-specific movements weren’t detailed, the broader sentiment remained sharply positive. Market observers highlighted that the Bank Nifty is targeting 57,000, indicating financial stocks could be participating in the rally. However, some signs of caution are beginning to emerge in the derivatives market.
- Bank Nifty Target: 57,000
- Resistance Levels: Around 56,600
- Support Zones: 55,200–55,000
Derivative Indicators Reflect Caution
While the momentum remains strong, rollover data suggests a hint of hesitation:
- Nifty April Rollover: 45.2% (below 3-month avg. of 53.5%)
- Market-wide Rollover: 60.1%
These numbers hint at subdued sentiment beneath the surface, even as the indices break new highs.
Summary
The Sensex and Nifty news this week is undeniably positive, with both indices posting robust gains and breaking key psychological levels. Backed by global cues and foreign inflows, the rally has been swift and steep.
However, as the Sensex hovers above 80,000 and Nifty eyes the 25,000 mark, the market appears to be testing its endurance. Investors and analysts alike are watching closely for any signs of fatigue or potential consolidation.
For now, the bulls are in control—but the path ahead may demand a more measured pace.
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