Sensex zooms nearly 3,000 points, Nifty jumps 900 points in biggest-ever day of absolute gains

On May 12, the Indian stock markets experienced an unprecedented surge, with the Sensex climbing nearly 3,000 points, marking its biggest single-day gain ever. This extraordinary rally was mirrored by the Nifty 50, which leaped over 910 points. The surge was driven by positive global cues and investor optimism, igniting a buying frenzy across sectors. Market analysts attribute the rally to robust corporate earnings and favorable macroeconomic indicators. Investors witnessed a broad-based buying spree as heavyweight stocks in banking, IT, and energy led the charge. The rally was further fueled by foreign institutional investors who resumed buying, injecting much-needed liquidity into the market. Sentiment was also buoyed by government assurances on economic reforms and stimulus measures, which are expected to bolster growth in the coming quarters. Despite the euphoria, experts advise caution as market volatility remains a concern amid global uncertainties. While the record-breaking day has infused confidence among investors, analysts recommend a balanced approach, emphasizing the importance of diversifying portfolios to mitigate potential risks. As the markets continue to react to global and domestic developments, stakeholders remain vigilant, closely monitoring factors that could influence future trends.

— Authored by Next24 Live