Indian Stocks Rise for Fifth Day as Nifty Nears 24,000

Indian equity benchmarks extended their winning streak to a fifth consecutive session on Wednesday, with the Nifty 50 closing 150 points higher at 23,961. A sustained breakout above the 24,000 mark could strengthen bullish momentum, according to market analysts. Several companies reported strong quarterly earnings, including BSE with a 44.9% rise in net profit, Lenskart with a 122.1% jump, and Nykaa with a 207% increase in profit after tax. Aurobindo Pharma also posted a 52.5% profit rise and approved an interim dividend. On Thursday, investors will track results from major firms including Bharti Airtel, LIC, Titan Company, and Mahindra & Mahindra. NALCO is progressing with a Rs 30,000 crore smelter expansion project expected to nearly double its capacity.