Indian markets surge as Sensex climbs over 800 points and Nifty breaks 23,100
India's Sensex rose more than 800 points intraday while the Nifty 50 topped 23,100, driven by earnings optimism and liquidity.
On Wednesday, India's primary equity indices rallied sharply, with the Sensex climbing over 800 points during the session and the Nifty 50 surpassing the 23,100 level. The Sensex started near 74,338, peaked with an 830-point gain, and later trimmed losses to close about 300 points higher. The Nifty 50 rose 231 points to a peak above 23,120 before easing to around 22,940.
Market strategists pointed to improving earnings, fair large-cap valuations and strong domestic liquidity as the main drivers. Heavyweight stocks, led by the IT sector, saw significant buying, and Reliance Industries rose more than 2 percent as Jio Platforms' IPO opened for subscription. Additionally, a comment from U.S. President Donald Trump about a near-finalized trade deal with India boosted sentiment.
Why it matters
The rally reflects investor confidence in India's earnings outlook and liquidity, influencing domestic and foreign investment flows.
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