The Indian stock market continued its bullish momentum for the fifth straight session, fueled by rising investor confidence and renewed Foreign Institutional Investor (FII) buying. Key sectors such as Metal, Public Sector Enterprises (PSE), and Energy played a significant role in driving the market upwards.
Gift Nifty also traded in the green, indicating a positive sentiment among traders. The Nifty 50 index opened at 22,521 and gained 76 points by 10 AM, surpassing the 22,600 mark. The steady uptrend reflects strong market participation and optimism among investors.
However, Bank Nifty remained cautious, trading flat amid mixed sentiments in the banking sector. Despite this, the broader market maintained its upward trajectory, supported by robust performances in heavyweight sectors.
Stock market experts attribute the rally to sustained FII inflows, improved global cues, and strong earnings expectations in key industries. Analysts believe that if the momentum continues, Nifty 50 could see further upside in the coming sessions.
With positive indicators across major indices, investors are closely watching upcoming economic data and global market trends to gauge future market movements.
