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- Sensex closes 1 , 534 points higher , Nifty gains 1 . 66 % as global sell - off in AI heavy markets improves India relative appeal
The Sensex rose 1,533.72 points, or 2.11%, to 74,315.61, and the Nifty 50 gained 374.65 points, or 1.66%, to 22,997.35, even as major Asian markets sold off over stretched AI valuations and higher US inflation. Geojit's Vinod Nair said the sell-off in tech-heavy markets improved India's relative appeal, with buying in large-cap tech, private banks and defensive stocks, supported by falling bond yields, a stable rupee and lower crude prices. He cautioned the rally was narrow, as small and mid-cap stocks and public sector banks weakened, and said its sustainability depends on Q2 earnings, broader participation and the return of foreign investors. Brent crude fell more than 2% to $103.55 a barrel, while IDBI Bank shares slid 8% to Rs 83.07 after the Cabinet approved a Rs 52,878 crore stake sale to Fairfax at a discount. Japan's Nikkei fell more than 5% and South Korea's KOSPI more than 8%.
- Sensex closes 1,534 points higher, Nifty gains 1.66% as global sell-off in AI-heavy markets improves India's relative appeal
The Sensex closed up 1,533.72 points (2.11%) at 74,315.61 and the Nifty 50 rose 374.65 points (1.66%) to 22,997.35 on Thursday, even as major Asian markets sold off heavily over concerns about stretched AI valuations and higher US inflation. Vinod Nair of Geojit Investments said the global tech sell-off improved India's relative appeal, drawing buying into large-cap technology, private financial and defensive stocks, supported by falling bond yields, a stable rupee and lower crude prices. However, he cautioned that the rally lacked broad participation, as small- and mid-cap stocks weakened and public sector banks were sold. IDBI Bank shares fell 8% to Rs 83.07 after the Cabinet approved a Rs 52,878 crore stake sale to Fairfax at a discount. Japan's Nikkei dropped more than 5% and South Korea's KOSPI fell more than 8%.
- Sensex closes 1 , 534 points higher , Nifty gains 1 . 66 % as global sell - off in AI heavy markets improves India relative appeal
- Sensex closes 1 , 534 points higher , Nifty gains 1 . 66 % as global sell - off in AI heavy markets improves India relative appeal
The Sensex jumped 1,533.72 points (2.11%) to 74,315.61 and the Nifty 50 gained 374.65 points (1.66%) to 22,997.35, as heavy selling in Asian markets over stretched AI valuations and higher US inflation improved India's relative appeal. Geojit's Vinod Nair said investors bought domestic large-cap tech, private financial and defensive stocks, though weakness in small- and mid-cap stocks and public sector banks showed the rally lacked broad participation. Brent crude fell more than 2% to USD 103.55 per barrel. IDBI Bank shares slumped 8% to Rs 83.07 after the Cabinet approved a Rs 52,878 crore stake sale to Fairfax at a discount.
- DalalStreet extends recovery ; Sensex ends over 400 pts , Nifty above 23 , 100 ; IT lead gains
Indian markets extended their recovery for a second straight session, with the Sensex closing at 74,729.27 (up 413.66 points, or 0.56%) and the Nifty at 23,146.15 (up 148.80 points, or 0.65%). IT stocks led the rally, with the Nifty IT index up 3.92% following strong quarterly results, while most other sectors ended lower and midcap and smallcap indices were broadly flat. Ajit Mishra of Religare Broking said metal and auto stocks supported sentiment while weakness in FMCG, realty and energy capped gains; the rupee firmed, but Brent crude near USD 105 a barrel, persistent inflation concerns and US bond yields kept investors cautious. Markets are now looking ahead to quarterly earnings from major banks. Analyst Vipin Dixena pointed to the divergence between strong IT stocks and cautious sentiment elsewhere, and said the next phase will depend on whether corporate earnings can justify valuations.
- Nifty , Sensex investors alert ! US bond yields remain above 5 % - 5 ways this could impact your investments , portfolio
The US 10-year Treasury yield fell to 5.086% by Thursday's close from a 5.33% peak on Wednesday, a multi-decade high, after inflation data showed September consumer inflation at 3.7%, producer prices up 6.3% year on year, and crude above $100. Sandip Jha of Godrej Wealth called the drop a tactical correction rather than a sustained turnaround, warning yields could climb again if macro data stay firm. An IndusInd Bank report outlines five ways higher US yields could affect Indian investors: foreign outflows from equities, a rise in India's 10-year government bond yield to 7.18% on September 30, 2026 from 6.95% at end-August, a stronger dollar pressuring the rupee and raising imported inflation, higher corporate borrowing costs, and lower equity valuations. The report says elevated fiscal deficits and Treasury issuance could keep US yields high for longer.
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