The Nifty 50 surged 500 points on Tuesday, posting a strong rally fueled by positive global cues and broad-based buying across sectors. The index significantly higher as easing concerns around trade war and a rebound in global markets boosted investor sentiment.
Led by gains in nifty bank 1.5%, IT 3%, and auto 1.5%, reflecting renewed risk appetite among market participants.
“Today’s rally was largely driven by global optimism. With rate fears easing and earnings season around the corner, investors are positioning themselves for potential upside,” said a market strategist.
Analysts say the momentum could continue in the short term if global conditions remain supportive and domestic earnings meet expectations.
