Sensex rallies over 2,000 points in 4 days. 7 key factors driving bulls

Posted on:
Key Points

In the last 4 sessions, Dalal Street investors have turned richer by Rs 9.4 lakh crore as the total market capitalisation of all BSE-listed companies rose to Rs 261.31 lakh crore today.iStock..

NEW DELHI: Beating weak cues from Asian and other global peers following the release of weaker-than-expected US economic data, Sensex rallied ended 583 points higher while Nifty raced past its 200-DMA to cross the hurdle near the 17,500-mark today...

Along with this positive data, improving macros-declining FD and CAD-augur well for the prospects for growth and corporate earnings in FY24," said Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services...

A Reuters poll of foreign exchange strategists showed that the dollar will likely weaken against most major currencies in 2023 as the interest rate gap with its peers narrows, putting the greenback on the defensive after a multi-year run.. 6) Technical factors..

After last week's bullish candle on the weekly charts, Nifty today formed bullish candle on the weekly scale as it closed above its 50-DMA and gave the highest closing of the last seventeen sessions..

You might be interested in

Sensex Today | Share Market Live Updates: GIFT Nifty indicates positive start

30, Jan, 24

Sensex Today | Share Market Live Updates: The GIFT Nifty is up more than 100 points from Nifty Futures’ Monday close, indicating a gap-up start for the Indian market.

Stock markets hit new record highs; Sensex breaches 69k-mark, Nifty eyes 21k level

05, Dec, 23

The market capitalisation of BSE-listed firms surged by more than Rs 2.5 lakh crore to cross Rs 350 lakh crore on Tuesday. Benchmark stock indices Sensex and Nift

Sensex, Nifty gain ahead of US Federal Reserve’s policy decision; Nifty IT gains

02, May, 23

The S&P BSE Sensex rose 242.27 points to 61,354.71, while the NSE Nifty 50 gained 82.65 points to settle at 18,147.65. The broader markets also sharply as investors remain optimistic about future growth.

Sensex gains 803 pts, nears 65k as FPIs rush in

02, Jul, 23

India Business News: TNNMumbai: Backed by strong buying by foreign investors, investors on Dalal Street took the sensex to a new life-high on Friday for the third session .

Equity investors become richer by Rs 3.43 lakh crore in two days of market rally

28, Jun, 23

Equity investors in India gained Rs 3.43 lakh crore ($46.2 billion) in just two days as the benchmark Sensex index reached a record high of 64,050.44 points. The market capitalisation of BSE-listed firms increased by Rs 3,43,718.15 crore ($46.3 billion) to reach Rs 2,94,11,131.69 crore ($3.97 trillion). Factors driving the rally include strong institutional flows, positive macroeconomic indicators, and robust earnings growth. In addition, domestic and foreign investors have been turning positive on risk assets due to falling inflation and expectations of an end to interest rate hikes.

Nifty hits 21k for 1st time, sensex nears 70,000

09, Dec, 23

India Business News: The sensex reached a new all-time peak, with Nifty crossing the 21K mark for the first time after RBI raised its GDP projection. Sensex closed at 69,8

Sensex crashes over 4,000 points this week, investors lose Rs 16 lakh crore

04, Oct, 24

The combined market capitalisation of companies listed on the Bombay Stock Exchange (BSE) has shrunk to Rs 461.26 lakh crore, marking a loss of Rs 15.9 lakh crore.

Bears push markets off the cliff: Investors lose nearly ₹3.3 lakh cr in just two days on BSE

10, Mar, 23

Sensex and Nifty 50 are in red since March 9th. That being said, BSE listed companies m-cap has dropped by nearly ₹3.3 lakh crore --- from March 8th level where m-cap was around ₹266.24 lakh crore.

Sensex tanks by 1,600 points; Nifty sees biggest single-day loss since 2022

17, Jan, 24

After a bloodbath on Dalal Street, Sensex closed at below 71,600, crashing over 1600 points in a single session.

Dalal Street feels the chill: Why Sensex, Nifty are under pressure today

02, Jan, 24

As of 11:50 am, the Sensex recorded a dip of 579.42 points, settling at 71,692.52, while the Nifty50 saw a decline of 147.55 points, reaching 21,594.35. Below are some of the reasons that have put the benchmark stock market indices under pressure.