The six-session surge marked the sharpest single-day climb for Indian benchmarks in seven months, supported by dropping crude prices and a rotation out of global artificial intelligence trades. Foreign portfolio flows accelerated after regulators and SBI Research advocated for tax reforms, prompting international funds to record their biggest single-day buying spree since October 2025. Brokerage Nomura pointed out that valuations dropped below post-pandemic averages while second-quarter earnings grew robustly. Despite the sharp recovery, major indices continue to trade lower year-to-date following an earlier $29 billion outflow.
Key points
Despite the six-day surge of over 8%, the Nifty and Sensex remain down 6.1% and 6.9% resp…: Despite the six-day surge of over 8%, the Nifty and Sensex remain down 6.1% and 6.9% respectively in 2026.
Foreign investor sentiment strengthened after the finance minister showed openness to fee…: Foreign investor sentiment strengthened after the finance minister showed openness to feedback regarding the potential removal of the capital gains tax.
Favorable U.S. election outcomes eased market anxieties surrounding aggressive trade tari…: Favorable U.S. election outcomes eased market anxieties surrounding aggressive trade tariffs and ongoing Middle Eastern geopolitical conflicts.
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Indian equity markets recorded their sharpest single-day rise in seven months on Thursday, supported by a decline in oil prices following the Democrats' sweeping victory in the US midterm elections. A global rotation away from artificial intelligence (AI)-related trades also lifted expectations of stronger foreign investment inflows.
Both indices have gained more than 8% over six consecutive trading sessions, which is their longest winning streak in a year. Investors have become richer by around Rs 29 lakh crore as per the market capitalisation data.
The
BSE Sensex surged nearly 2,009 points and the NSE Nifty climbed 576 points on Thursday. Broad-based buying across sectors pushed the benchmark Nifty 50 to a three-month high. The index had last traded above the 24,550 mark on August 7, when it stood at 24,570.65.
The 30-share BSE Sensex closed at 79,310.01, gaining 2,008.61 points, or 2.60%. The NSE Nifty advanced 576 points, equivalent to 2.40%, to finish the session at 24,536.60.
The latest rally has extended the market's winning streak to six consecutive sessions.
During this period, the Sensex has gained 6,063.98 points, or…
Democratic midterm election victories triggered fresh political uncertainty around artificial intelligence infrastructure expansion, leaving the Nasdaq 100 facing more than $2 trillion in market-value losses. Heightened regulatory concerns compounded existing market anxieties regarding elevated interest rates and questionable returns on heavy capital spending. Consequently, the rout battered hardware manufacturers, specialized cloud providers, and utility operators tied to power-intensive server facilities.
Investors tracking the semiconductor sector are closely monitoring the current downward trajectory of the chipmaker's shares. A sustained retreat from recent highs threatens to push the valuation into bear market territory. Market participants must assess whether this decline represents an entry point or further exposure to risk.
Investors are facing renewed market turbulence as tech-driven momentum shows signs of faltering. A sharp spike in the primary volatility index reflects mounting unease across trading desks, driven primarily by setbacks in the artificial intelligence sector. This sudden repricing of risk marks a significant turning point after an extended period of relative calm.