New Delhi, April 18 — Indian stock markets have witnessed a sharp rally over the last four trading sessions, leading to a massive surge in investor wealth. The benchmark indices, BSE Sensex and NSE Nifty, have each gained over six percent during this period, driven by positive global cues, foreign investor inflows, and domestic economic optimism.
As per agency report, the BSE Sensex climbed 4,706.05 points, or 6.37 percent, while the Nifty rose by 1,452.5 points, or 6.48 percent over the last four sessions. This robust uptrend added Rs 25.77 lakh crore to investor wealth, with the total market capitalization on BSE reaching Rs 4,19,60,046.14 crore (approximately USD 4.9 trillion).
Several factors have contributed to the bullish sentiment. These include the temporary suspension of new tariffs by the United States, renewed buying by foreign institutional investors (FIIs), and predictions of above-normal rainfall during the southwest monsoon season. In addition, retail inflation in India has dropped to a near six-year low, raising expectations of further rate cuts by the Reserve Bank of India (RBI).
According to Vishnu Kant Upadhyay, Assistant Vice President of Research and Advisory at Master Capital Services, the return of FIIs, supportive global developments, and the RBI’s accommodative monetary policy stance have collectively boosted investor confidence. He noted that FPIs have purchased over USD 1 billion worth of Indian equities in the past three sessions alone, reversing a prolonged selling trend.
The recent RBI decision to cut interest rates by 25 basis points and shift its policy stance from ‘neutral’ to ‘accommodative’ has further bolstered market sentiment. The announcement of potential talks between the US and India regarding trade also contributed to the positive momentum.
Stock markets remained closed on Friday due to the ‘Good Friday’ holiday.
