Business · India Bureau
Indian equities surge as Sensex rallies 730 points, Nifty breaches 24,000
Benchmark indices posted strong gains on Tuesday, with the BSE Sensex climbing nearly one percent and the Nifty 50 reclaiming the 24,000 level amid broad-based buying across sectors.
LSN India ·
Indian equity markets extended their upward momentum on Tuesday, with major indices registering solid gains in intraday trading. The BSE Sensex jumped 730 points or 0.95 percent to close at 76,883, while the Nifty 50 index advanced 132 points or 0.55 percent to reclaim the psychologically significant 24,000 mark.
The Nifty 50 touched an intraday peak of 24,005 during the session, signalling strength in the broader market sentiment. The recovery across both indices suggested renewed investor confidence after recent consolidation phases.
The gains reflected a broad-based rally across multiple sectors, indicating participation from institutional and retail investors alike. Market analysts attributed the uptick to positive sentiment driven by expectations of steady economic growth and corporate earnings momentum in the current quarter.
The reclamation of the 24,000 level by the Nifty 50 holds significance for technical traders, as the index had faced resistance at this mark in recent trading sessions. Continued momentum above this level could signal further upside potential in the near term.