{"id":284156,"date":"2025-04-17T11:35:15","date_gmt":"2025-04-17T11:35:15","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/17\/sensex-surged-1509-points-nifty50-gained-414-points-5-key-reasons-behind-todays-market-rally-times-of-india\/"},"modified":"2025-04-17T11:35:16","modified_gmt":"2025-04-17T11:35:16","slug":"sensex-surged-1509-points-nifty50-gained-414-points-5-key-reasons-behind-todays-market-rally-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/17\/sensex-surged-1509-points-nifty50-gained-414-points-5-key-reasons-behind-todays-market-rally-times-of-india\/","title":{"rendered":"Sensex surged 1,509 points, Nifty50 gained 414 points : 5 key reasons behind today’s market rally – Times of India"},"content":{"rendered":"
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Indian benchmark indices continued rally for the fourth consecutive session on Thursday, with the BSE<\/a> Sensex surging over 1,500 points and the Nifty50 closing above the 23,850 mark. The rally was primarily fuelled by strong buying in the financial sector, despite ongoing concerns regarding US tariff policies and the global economic slowdown.
The 30-share BSE Sensex soared 1,509 points, or 1.96%, to close at 78,553. Meanwhile, the broader NSE Nifty gained 414 points, or 1.77%, ending the day at 23,851.
The total market capitalization of BSE-listed companies jumped by a substantial Rs 4.33 lakh crore, reaching Rs 419.33 lakh crore, according to an ET report. Here are key drivers behind today’s market rally–
Banking stocks<\/span>
The Bank Nifty index spearheaded the rally, climbing nearly 2%, driven by gains in major financial stocks such as HDFC Bank and ICICI Bank. This surge came ahead of their Q4 earnings reports, scheduled for April 19. Together, top banks like HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank contributed around 600 points to the Sensex\u2019s 1,200-point jump.
FII inflows<\/span>
Foreign Institutional Investors (FIIs) continued their buying spree, making net purchases of Rs 3,936 crore in Indian equities on Wednesday. Over the past two days, FII inflows have crossed Rs 10,000 crore, indicating robust confidence in Indian stocks.
\u201cFIIs have turned buyers in India, as the outlook for the US and China appears weaker amidst the ongoing crisis. They are likely to continue focusing on high-quality large caps, particularly in domestic consumption sectors,\u201d said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Positive sentiment from US-Japan trade talks<\/span>Asian markets saw a rise, with traders closely monitoring trade discussions between the US and Japan. Despite uncertainties regarding US tariffs, Japan\u2019s Nikkei index gained 0.7%, and the yen weakened amid trade negotiations.
\u201cThe US considers India as one of four key allies, alongside the UK, Japan, and South Korea, with whom it plans to strike trade deals first. This could work in India\u2019s favour, particularly in the context of the ongoing US-China trade war,\u201d added Dr. Vijayakumar.
Weakening dollar<\/span>
The US dollar continued its downward trajectory, dropping to a level of 99.56 from 109.88 in February. A weaker dollar typically enhances the appeal of emerging markets like India, attracting foreign investments and supporting the rupee. This development lifted investor sentiment<\/a>, particularly in sectors like metals, which are sensitive to currency fluctuations.
US tariff exemptions<\/span>
Investor sentiment also benefited from the temporary relief provided by US President Donald Trump\u2019s decision to postpone additional tariffs on 75 countries, including India, until July 9. This move, announced earlier in the week, gave global markets a much-needed boost and continues to support the Indian market.<\/div>\n