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Why the stock market rose today? Sensex settles 855 pts higher, Nifty above 24,100; 5 key factors behind today's rally

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[hfe_template id='11223'] [ad_1] India's benchmark indices extended their winning streak to five sessions on Monday, supported by a weaker U.S. dollar and strong earnings from heavyweight lenders ICICI Bank and HDFC Bank, both of which hit record highs, boosting investor sentiment across the banking sector. The benchmark BSE Sensex gained 855.30 points or 1.09% to close at 79,408.50, while the broader Nifty 50 index closed at 24,125.55, higher by 273.90 points or 1.15%. Key factors behind today's rally: 1) Banking stocks lead the charge Banking stocks were at the forefront of Monday’s rally, with the Nifty Bank index surging past the 55,000 mark for the first time ever, ending 1.9% higher, powered by robust quarterly earnings from private sector majors. HDFC Bank jumped nearly 2% to a fresh 52-week high of Rs 1,950.70, while ICICI Bank climbed about 1% to a new all-time high of Rs 1,436.00. The strong results reinforced investor confidence, prompting brokerages t...

Sensex jumps over 1,600 points; Nifty tops 23,300 on US tariff relief

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[hfe_template id='11223'] [ad_1] Benchmark equity indices Sensex and Nifty50 opened sharply higher on Tuesday, driven by broad-based buying across sectors, after U.S. President Donald Trump announced exemptions for electronics from steep “reciprocal” tariffs. At 9:56 am, the BSE Sensex surged 1,610 points, or 2.14%, to 76,767, while the Nifty50 jumped 493 points, or 2.16%, to 23,321. The market capitalisation of all listed companies on BSE surged by Rs 8.7 lakh crore to Rs 410.24 lakh crore. Over the weekend, the U.S. excluded smartphones, computers, and other electronic items from the proposed tariffs, sparking a relief rally in global equities. Earlier this month, Trump had announced steep tariffs on all U.S. imports but later paused them for 90 days for several countries, excluding China. Live Events From the Sensex pack, Tata Motors, M&M, HDFC Bank, L&T, and ICICI Bank were the top gainers, rising up to 5%. On the other hand, only Nestle India, HUL, and ITC o...