Stock market today: Why are Sensex, Nifty50 rallying today? Top reasons
Indian stock markets Sensex and Nifty50 rallied significantly despite global market volatility caused by political shifts in the US. The surge is attributed to strong buying by foreign institutional investors and optimism regarding domestic tax policies.
Why it matters
Highlights the decoupling of Indian markets from global AI-driven tech sell-offs and the impact of foreign capital flows.
Stock market today: Nifty50 and BSE Sensex continued to defy global market trends on Friday, extending their winning streak for the seventh consecutive session. The Sensex surged over 1,000 points, while the Nifty climbed past 24,700 during Friday’s session as early Diwali fireworks went off on Dalal Street.At 1:36 PM, Nifty50 was trading at 24,747.40, up 211 points or 0.86%. BSE Sensex was at 80,336.05, up 1,026 points or 1.29%.Global equities suffered a sharp sell-off amid fading enthusiasm for artificial intelligence (AI) stocks following US President Donald Trump’s defeat in the midterm elections.The rally in frontline stocks contrasted with a sharp decline across the broader market. The Nifty Smallcap 250 index dropped nearly 1.5%, while the Nifty Midcap 100 index lost more than 1% on Friday morning.
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