The Indian benchmark indices ended in the green for the fifth consecutive closing session with the BSE Sensex closing at 81,926.75 higher by 136.63 points and the NSE Nifty50 ending at 25,108.30 higher by 30.65 points on Tuesday.
During the opening session, the Indian markets continued to rally ahead on Tuesday. The BSE Sensex started trading above 81,900, jumping more than 100 points, while the NSE Nifty50 crossed 25,100 after climbing close to 50 points.
What's Fuelling The Rally?
According to Prashanth Tapse, Senior Vice President (Research) at Mehta Equities Ltd, “Liquidity tailwinds, global market resilience, and a dovish stance from central banks are fuelling the rally.” He added that the upbeat global cues have helped sustain optimism across equity markets.
Additionally, on the domestic front, data from exchanges showed that Foreign Institutional Investors (FIIs) offloaded equities worth Rs 313.77 crore on Monday, while Domestic Institutional Investors (DIIs) emerged strong buyers, picking up shares worth Rs 5,036.39 crore.
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