Sensex Rises 374 Points, Nifty Ends Near 24,650: Top Factors Driving the Market Rally

Summary: Indian benchmark indices closed in positive territory on Thursday, with the Sensex gaining 373.76 points (0.48%) to 78,954.76 and the Nifty 50 adding 11.35 points (0.05%) to settle at 24,636. Market breadth remained mixed, with 2,023 stocks advancing, 2,058 declining, and 200 unchanged. Key Reasons Behind the Market Gains 1. Optimism Over Middle East Developments Investor sentiment improved as Brent crude prices slipped below $80 per barrel amid expectations of progress in diplomatic talks involving Iran, easing concerns over global oil supply disruptions. Softer crude prices boosted confidence across domestic equities. 2.

Leads the Rally Reliance Industries emerged as the biggest contributor to benchmark gains, surging 3.5% following large block deals executed at a premium to the previous closing price, providing strong support to the indices. 3. Positive Sectoral Performance Nine out of 16 major sectoral indices ended in the green. The Nifty Smallcap index climbed 0.5%, extending its record-setting run for a second consecutive session, while the Nifty Midcap index slipped 0.4% after touching fresh lifetime highs in the previous trading session. Summary: Indian benchmark indices closed in positive territory on Thursday, with the Sensex gaining 373.76 points (0.48%) to 78,954.76 and the Nifty 50 adding 11.35 points (0.05%) to settle at 24,636. Market breadth remained mixed, with 2,023 stocks advancing, 2,058 declining, and 200 unchanged. Investment in securities market are subject to market risks. Read all the related documents carefully before investing,