Markets Rise Over 6% in Last 4 Days

Markets are also betting big on upcoming southwest monsoon as according to the India Meteorological Department, India is expected to get above-normal rainfall in the upcoming southwest monsoon season,

- OUR CORRESPONDENT

NEW DELHI: Equity benchmark indices Sensex and Nifty surged more than 6 per cent in the last four trading sessions, as a temporary pause on tariffs by the US, return of foreign investors to the domestic market, and prediction of an above-normal rainfall in the upcoming southwest monsoon season lifted investors' sentiments.

Moreover, retail inflation dipping to a nearly six-year low also raised hopes for a third rate cut by the Reserve Bank of India (RBI), according to market experts.

In the last four trading days, the BSE benchmark index jumped 4,706.05 points or 6.37 per cent, and the NSE Nifty surged 1,452.5 points or 6.48 per cent.

Accordingly, investors' wealth rallied by Rs 25.77 lakh crore to Rs 4,19,60,046.14 crore ($4.90 trillion) in the past four days.

Stock markets are closed on Friday for 'Good Friday'.