Benchmark indices closed higher for the fourth straight session on Thursday, buoyed by easing global concerns and renewed foreign inflows.
The S&P BSE Sensex rose 303.03 points to end at 84,058.90, while the NSE Nifty50 gained 88.80 points, settling at 25,637.80. All broader market indices also finished in positive territory as volatility eased, bringing both key benchmarks within striking distance of new record highs.
Vinod Nair, Head of Research at Geojit Financial Services, said recent global developments have lifted market sentiment.
“Key catalysts like the ceasefire in the Middle East and optimism around easing trade tensions have cleared investor concerns. After several sessions of selling, FIIs have turned net buyers, which is helping stabilise the market,” he said.
“Benign oil prices, a stronger rupee, and steady macroeconomic indicators are driving interest in domestic growth themes. Expectations of stronger earnings, supported by resilient consumption, are further boosting optimism.”