Indian Stocks Surge 8% in Six Sessions, Adding Rs 29 Lakh Crore

timesofindia.indiatimes.com —

Indian equity markets recorded their sharpest single-day rise in seven months on Thursday, with investors gaining around Rs 29 lakh crore as the Sensex and Nifty rose over 8% in a six-session winning streak. The rally was driven by expectations of long-term capital gains tax relief, a decline in oil prices after the Democrats' US midterm election victory, and renewed foreign investor buying following a record sell-off. Market experts suggest the rally may sustain if crude prices remain benign, though some caution that profit booking and geopolitical uncertainties could pose risks to the recovery's longevity.


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