Nifty nears 25K again: What changed in 24 hours?
Transcript
Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it:
After a two-day losing streak, the Indian stock market made a sharp comeback on Monday! The Sensex jumped 678 points, and the Nifty came close to touching the 25,000 mark.
So what sparked this rally? Here are 5 key reasons
1. Weak Dollar, Strong EM Flows
The US dollar slipped again and that's a big plus for emerging markets like India. The rupee held steady, and FIIs didn't panic.
2. Crude Oil Cools Off
After last week's spike, Brent crude moderated. That gave relief to India, which imports 85% of its oil.
3. Global Market Optimism
Despite fresh missile strikes between Israel and Iran, global markets remained calm. Asian, European, and US indices all showed resilience.
4. IT & Financials Lead the Charge
IT stocks surged up to 2%, and banks rebounded too. Heavyweights like Infosys, Wipro, HDFC Bank, and ICICI Bank lifted the sentiment.
5. Technical Rebound
The Nifty bounced back above its 21-day moving average — a strong technical signal for bulls.
Analysts now say if Nifty crosses 25,000 decisively, we may see a further rally toward 25,350.
Keep listening to ET Markets Radio for more on markets.
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