Indian Stocks Rally for Fourth Day as Sensex Jumps 1,225 Points, Nifty Tops 23,800
Indian stock markets rallied for a fourth consecutive session on Tuesday, with the Sensex surging 1,225 points to close at 76,917.85 and the Nifty settling above 23,800, driven by falling oil prices and renewed foreign buying. The gains were supported by a sharp decline in crude oil prices, renewed foreign institutional investor buying of around Rs 3,115 crore, easing US Treasury yields, and optimism over corporate earnings. FMCG stocks led sectoral gains, rising 3.65%, followed by realty and financial services, while Hindustan Unilever and Bharti Airtel were top Sensex performers. Analysts noted the recovery's durability depends on sustained earnings delivery, continued foreign inflows, and moderation in oil prices and global yields, with geopolitical developments and the US Federal Reserve's policy trajectory remaining key external triggers.