Indian stock markets kept their winning streak alive on Tuesday, with BSE Sensex soaring over 650 points and Nifty50 breaching the 23,800 mark. Investors cheered renewed foreign buying and sector-wide gains, fueling optimism across Dalal Street.
Bulls Charge Ahead: Seven Straight Days of Gains
The rally isn’t slowing down. Tuesday marked the seventh consecutive session of gains for Indian equity indices. By 10:10 AM, the BSE Sensex stood at 78,541.09 — up 557 points, or 0.71%. Nifty50 wasn’t far behind, trading at 23,806.85, a jump of 149 points or 0.63%.
It’s not just one or two sectors driving this upswing. BFSI (Banking, Financial Services, and Insurance) and IT stocks led the charge, but even broader market segments chipped in, creating a solid, all-around push.
Ajit Mishra, Senior Vice President – Research at Religare Broking, pointed to Foreign Institutional Investors (FII) making a comeback. “FII buying in the cash market, paired with short-covering in derivatives, is giving the market renewed strength,” he said.
Technical Momentum Fuels Optimism
It’s not just about buying — charts are speaking loudly too. Nifty reclaiming its 200-day DEMA (Double Exponential Moving Average) is seen as a critical technical win. Mishra believes this move bolsters sentiment, paving the way for further upside.
Osho Krishan, Senior Research Analyst – Technical & Derivatives at Angel One, echoed this view. “The bulls are firmly in control. Nifty breaking past 23,650 is a significant milestone — and this momentum looks likely to persist,” he noted.
For traders eyeing opportunities, experts recommend staying stock-specific. “Momentum is strong, but selective stock picking is key,” Mishra advised.
Global Markets Join the Rally
Indian markets aren’t moving alone. The rally finds echoes globally. The S&P 500 in the US hit its highest point in over two weeks, lifted by heavyweights Nvidia and Tesla. The spark? Signals from the Trump administration hinting at a more measured approach to trade tariffs.
Asian markets followed suit on Tuesday morning, tracking Wall Street’s lead. Investors breathed easier after President Trump suggested not all proposed tariffs would roll out on April 2. Meanwhile, a Federal Reserve official hinted at a cautious stance on interest rate cuts this year — another boost to market sentiment.
Gold, often seen as a safe haven, pulled back on Tuesday. With risk appetite returning and trade war fears subsiding, investors rotated back into equities.
What’s Next for Indian Markets?
As foreign investors trickle back and technical indicators stay favorable, market watchers predict the current rally could stretch further. However, experts warn against chasing the rally blindly.
Key factors to watch include:
- Foreign Institutional Investment — Sustained inflows could keep momentum alive.
- Global Cues — Developments in US-China trade talks and Fed policies remain crucial.
- Sector Performance — BFSI and IT lead, but broader participation signals a healthier rally.
The bulls are running strong — but how long they stay in control depends on both domestic fundamentals and global winds.
