Market gains for 4th straight session: Sensex surges over 2,000 pts since June 23; overall market cap of BSE-listed firms rises by ₹11 lakh crore

The Indian share market has had a stellar run this week, with the benchmark indices, the Sensex and the Nifty, continuing their gaining streak for the fourth straight session, as sentiment was boosted by easing geopolitical concerns and falling crude oil prices. The BSE Sensex ended above the 84,000 mark to close at 84,058.90, up 303.03 points or 0.36%. Similarly, the NSE Nifty50 advanced 88.80 points, or 0.35%, to settle at 25,637.80. In the broader markets, the Nifty Midcap100 and the Nifty Smallcap100 indices added 0.27% and 0.91%, respectively.

In the past four sessions, the Sensex has added 2,162 points, or 2.6%, while the Nifty50 jumped 666 points, or 2.7%. The overall market capitalisation of BSE-listed firms rose to ₹460 lakh crore from ₹448.7 lakh crore on June 23, making investors richer by ₹11.3 lakh crore.

“The recent geopolitical stability has improved risk sentiment, as seen in the broad-based market participation. Moreover, positive developments around potential trade agreements could further strengthen the bullish bias,” said Ajit Mishra, SVP-Research, Religare Broking.

Top gainers and losers

Among the BSE Sensex pack, 18 of the 30 shares ended in positive terrain, led by Asian Paints , UltraTech Cement , Power Grid , ICICI Bank , and Reliance Industries , gaining in the range of 3% to 1.4%.

Reliance Industries (RIL), the country’s most valued stock, ended 1.4% higher at ₹1,516.05, with a market capitalisation of ₹20.5 lakh crore.

On the other hand, Trent , Eternal (Zomato) , Tech Mahindra , Axis Bank, and Titan were among the top five losers, falling by up to 1.4%.

Oil & gas, banking stocks shine; Bank Nifty hits new high

The market’s momentum was primarily driven by buying across oil & gas and banking stocks. The Bank Nifty index continued its gaining streak today and hit a record high of 57,475, before closing at 57,444, up 237 points or 0.41%. The sustained buying in banking stocks was driven by easing inflation concerns and improving liquidity conditions.

The hopes of a potential relaxation in U.S. tariff deadlines, improved global market sentiment, and easing geopolitical tensions in the Middle East boosted risk appetite among investors, said Vaibhav Vidwani, Research Analyst at Bonanza.

Domestic factors such as robust IPO subscription rates also indicated sustained investor interest, he said.

According to Vinod Nair, Head of Research, Geojit Investments, key catalysts like the ceasefire in the Middle East and optimism on easing trade tensions ahead of the deadline have cleared the clouds in the minds of investors. “After consecutive days of selling, FIIs have turned net buyers in the domestic market, contributing to improved market stability in the near term. Moreover, benign oil prices and a strengthening INR influenced investors to focus on domestic growth themes,” he said.

He added that expectations of accelerating earnings, driven by resilient consumption and a relatively stable macroeconomic backdrop, are further reinforcing optimism.

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