Sensex Surges Past 80,000: Driven by Global Market Rally and Rising Foreign Fund Inflows!

In an exciting turn of events, the Indian equity market saw a significant uplift in early trading on Wednesday, buoyed by a robust rally in global financial markets and a surge in foreign investments. This optimism was particularly evident in blue-chip IT stocks, contributing to a favorable trading atmosphere. The 30-share BSE Sensex soared by 658.96 points, reaching 80,254.55, while the NSE Nifty experienced a notable increase of 192.05 points, climbing to 24,359.30.

Key Drivers of Market Growth

HCL Technologies led the charge, witnessing an impressive rise of over 6% after announcing an 8.1% increase in consolidated net profit, amounting to ₹4,307 crore for the March quarter of 2024-25. This growth was largely attributed to significant contracts valued at approximately ₹25,500 crore.
Other major gainers included Tech Mahindra, Infosys, Tata Consultancy Services, Tata Motors, and Maruti Suzuki.
In contrast, Eternal, Bajaj Finance, HDFC Bank, and State Bank of India faced declines.

Positive Trends in Global Markets

Asian markets also reflected this optimism, with notable gains in:

South Korea’s Kospi
Tokyo’s Nikkei 225
Shanghai SSE Composite
Hong Kong’s Hang Seng

On the U.S. front, markets rebounded strongly on Tuesday, highlighted by a 2.71% surge in the Nasdaq Composite, a 2.66% increase in the Dow Jones Industrial Average, and a 2.51% rise in the S&P 500.

Foreign Investments and Market Sentiment

Foreign Institutional Investors (FIIs) played a crucial role, purchasing equities worth ₹1,290.43 crore on Tuesday, which provided significant support to the Indian markets. According to VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, President Trump’s assurance regarding the Federal Reserve chief and his comments on reducing U.S.-China tensions have positively impacted market sentiment.

Oil Prices and Future Outlook

Amid these developments, global oil prices saw a slight increase, with Brent crude rising by 0.67% to USD 67.89 per barrel. On Tuesday, the BSE benchmark closed at 79,595.59, up by 187.09 points or 0.24%, while the Nifty settled at 24,167.25, marking an increase of 41.70 points or 0.17%.

This positive momentum in the markets underscores the resilience of the Indian economy amidst global fluctuations, creating an optimistic outlook for investors moving forward.