Mumbai, Jan 31: Indian stock markets soared on Wednesday, with the Sensex rising 480 points and the Nifty climbing 180 points, driven by strong buying across key sectors. The rally was fueled by positive global sentiment, and positive remark on economic survey bolstering investor confidence.
Leading the charge were the Nifty PSE, auto, and energy sectors, which witnessed significant gains as investors responded to upbeat earnings reports and stable global cues. The BSE Sensex surged past key resistance levels, reflecting strong institutional and retail participation.
On the global front, easing recession fears and optimism surrounding central bank policies boosted market sentiment. Asian and European indices also remained in the green, providing further momentum to domestic equities.
Market analysts expect the bullish trend to continue, with sectors like public sector enterprises (PSE), automobiles, and energy remaining in focus. Investors are now eyeing upcoming economic data releases and corporate earnings for further cues on market direction.
