Sensex Rallies 350 Points, Nifty Near 23,900: Key Triggers

Sensex Gains 350 Points, Nifty Near 23,900: Key Factors Behind Market Rebound Indian benchmark indices snapped a four-session losing streak on Friday, supported by positive global cues and easing expectations of a US Federal Reserve rate hike. The Sensex closed 362.57 points, or 0.48%, higher at 76,515.43, while the Nifty gained 24.25 points, or 0.10%, to 23,897.70. Despite Friday’s recovery, both indices declined up to 1.2% for the week, marking their fourth consecutive weekly fall. Key Factors Behind the Rise 1. Positive Global Cues: Asian markets rallied, with the Hang Seng gaining 2%, KOSPI 1.3% and Nikkei 1.11%. 2. Fed Rate Expectations: Comments from Fed Governor Waller supporting unchanged rates boosted global risk appetite and pressured bond yields lower. 3. India VIX Falls: The volatility index dropped over 4% to 10.85, signalling reduced near-term market uncertainty. 4. Rupee Strengthens: The rupee gained 5 paise to 94.46 against the US dollar amid improving risk sentiment and expectations of foreign inflows. 5. Crude Oil Risk: Brent crude rose nearly 7% this week amid escalating US-Iran tensions, keeping inflation and market risks elevated. Auto stocks remained under pressure, with the Nifty Auto index falling around 4% for the week. Maruti Suzuki declined 5.1%, while Mahindra & Mahindra slipped 4.9%. Investment in securities market are subject to market risks. Read all the related documents carefully before investing,