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The New Indian Express Tiruchy
|May 16, 2025
DOMESTIC equity market surged sharply on Thursday with the benchmark NSE Nifty reclaiming the 25,000 mark after seven months and BSE Sensex advancing 1,200 points.
The fresh rally is primarily attributed to softening of inflation and easing trade tensions between India and the USA.
The BSE Sensex gained 1,200.18 points or 1.48% to settle the day at 82,530.74 while the Nifty settled above the 25,000 mark at 25,062.10, up by 395.20 points or 1.6%. The two benchmarks have rallied about 4% each in the four sessions of this week. "The bullish momentum was underpinned by a favorable shift in global cues and renewed optimism surrounding a potential India-US trade agreement. Additionally, a rally in rate-sensitive sectors on growing expectations of a rate cut, coupled with sustained foreign institutional investor (FII) inflows, added to the upside," said analysts at Bajaj Broking Research.
This story is from the May 16, 2025 edition of The New Indian Express Tiruchy.
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