The Indian stock market continued its upward momentum for the second day in a row, with both the Sensex and Nifty ending the session in the green. The BSE Sensex climbed 455 points, closing at 82,176.45, while the Nifty 50 surged 148 points to settle at 25,001.15. With this strong performance, investors saw a major boost in wealth — about ₹3 lakh crore was added to the market capitalization, bringing the total to nearly ₹445 lakh crore.
One of the major drivers behind today’s rally was the news that India has officially become the fourth-largest economy in the world. This development boosted investor confidence, alongside global cues such as the U.S. delaying its 50% tariffs on EU imports until July 9. Additionally, the Reserve Bank of India’s record dividend payout to the government further lifted market sentiment.
Sector-wise, Auto and IT stocks led the rally. Top gainers included Mahindra & Mahindra, HCL Technologies, Infosys, Titan, TCS, Bajaj Finance, Bajaj Auto, and JSW Steel, with some stocks rising up to 3%. On the other hand, stocks like Eternal, Ultratech Cement, Kotak Mahindra Bank, Power Grid, and NTPC showed weaker performance.
While Indian markets remained active, U.S. stock exchanges were closed in observance of Memorial Day, reducing foreign participation for the day.
Experts believe that the Nifty closing above the psychological level of 25,000 signals bullish momentum. Key support levels are expected around 24,600 to 24,450, while resistance could be faced near 25,150 to 25,500 in the coming sessions.
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