Indian stock market benchmarks jumped sharply on Wednesday, setting up a closely watched session for Thursday. The Sensex gained 889 points while the Nifty moved above 24,250, as investors looked past geopolitical worries and focused on supportive domestic data, strong sector buying and improving market mood.
The latest rally was driven in part by upbeat industrial production data, along with broad buying in IT and metal shares. The move also lifted overall market value significantly, showing that risk appetite improved despite a rise in crude oil prices linked to tensions involving the US and Iran.
For Thursday, traders are likely to track several familiar market drivers: whether the bullish momentum in benchmark indices can continue, if technical indicators remain supportive, and whether foreign investor sentiment keeps improving. Oil prices will also stay in focus, because any further spike could revive concerns about inflation, corporate costs and India’s external balance.
The market tone currently appears constructive, but the next session may depend on whether positive domestic signals continue to outweigh global risks. With the Sensex and Nifty both posting gains of more than 1%, investors will be watching if follow-through buying emerges or if higher energy prices trigger some caution after the strong advance.
