The Indian stock market continued its upward trajectory today, with the S&P BSE Sensex surging 508.79 points to 76,856.85 and the NSE Nifty50 climbing 154.40 points to 23,345.05 by mid-morning.
The rally has been bolstered by strong performances in smallcap and midcap segments.
A key driver behind the bullish trend is the easing of foreign institutional investor (FII) selling, which had previously caused significant erosion in market capitalization. This shift, coupled with attractive valuations of large-cap stocks, has reignited investor confidence.
All Nifty sectoral indices were trading in the green, with IT stocks recovering from early declines. Retail investors have also made a comeback, contributing to gains in midcap and smallcap indices.
Market experts caution that while the rally is promising, upcoming reciprocal tariffs by the United States could impact global trade dynamics. Many investors are expected to adopt a cautious approach ahead of the tariffs’ implementation on April 2.
