Indian Stocks Rally for Sixth Day as Sensex Jumps 2,008 Points

Indian stock markets surged Thursday, extending a six-day rally, with the Sensex jumping 2,008.61 points (2.60%) to close at 79,310.01 and the Nifty 50 rising 576 points (2.40%) to 24,536.60, driven by falling crude prices, global equity rebounds, and renewed foreign buying. The rally was fueled by Brent crude slipping below $94 per barrel, expectations of diplomatic resolution to the US-Iran conflict after Democratic gains in US midterm elections, and foreign institutional investors purchasing Rs 20,834 crore in equities over four sessions. Banking, auto, and financial stocks led gains, with Bajaj Finance surging 7.77%. The advance ranks among recent major single-day rallies, though smaller than the 2,946-point surge on April 8, 2026, following a US-Iran ceasefire announcement. Analysts cite lower oil prices, improving corporate earnings, and potential long-term capital gains tax abolition as supporting factors, while cautioning that rally sustainability depends on market breadth and concrete geopolitical progress.