Indian stock markets witnessed a strong rally today as Nifty 50 and Sensex surged over 1%, driven by positive global trends and strong sectoral performance. Bank Nifty outperformed, rising over 2%, largely supported by gains in Kotak Mahindra Bank.
Sectoral Performance:
- Nifty Oil & Gas climbed 1.5%, fueled by gains in energy stocks.
- Nifty PSE (Public Sector Enterprises) advanced around 2%, continuing its strong momentum.
- Nifty Energy saw solid buying interest, further lifting market sentiment.
Among individual stocks, Marksans Pharma surged over 6%, reflecting strong investor confidence.
Analysts attribute today’s rally to robust global cues, buying in banking and energy stocks, and sustained foreign institutional investor (FII) inflows. The bullish trend signals optimism among investors, with markets poised for further upside.
