Stock market indices surged nearly 2% after hitting record highs, driven by positive global cues.

From Google News: 2024-09-12 08:57:00

Stock market indices surged nearly 2% after hitting record highs. The sharp rise in indices was driven by positive global cues and strong corporate earnings. The Sensex and Nifty both closed higher, with gains of over 600 and 200 points respectively. The impressive performance comes amidst improving economic indicators and a resilient market sentiment.

Investors flocked to equities as the market showed signs of recovery from recent volatility. Technology and banking stocks led the rally, with IT giants like TCS and Infosys posting strong gains. Sectoral indices also performed well, with realty, pharma, and energy sectors showing significant growth. The positive momentum is likely to continue as market participants remain optimistic about future prospects.

The impressive gains in stock market indices mark a significant rebound from previous losses. The robust performance was supported by strong buying interest from both institutional and retail investors. Market experts attribute the rally to favorable macroeconomic conditions and improved corporate earnings. The positive sentiment is expected to drive further growth in the coming weeks.

Overall, the upward movement in stock indices reflects investor confidence in the market. The positive trend is a testament to the resilience of the Indian economy and the adaptability of market participants. With global markets also showing positive signs, the outlook for Indian equities remains favorable. Investors are advised to stay vigilant and capitalize on emerging opportunities in the market.



Read more at Google News: Indices end nearly 2% up after hitting record highs – The Statesman