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Dalal Street stretched its winning run to five consecutive sessions on Wednesday, overcoming early volatility and global cues from the US midterm elections as the BSE Sensex rose 383.55 points to 77,301.40 and the Nifty 50 ended at its day’s high of 23,960.60. Sustained foreign institutional buying of over ₹6,837 crore, Brent crude hovering near four-week lows at $103, and stellar corporate earnings led by SBI and NSE’s maiden post-listing results powered gains across media, banking, and auto, offsetting a 2% decline in IT stocks.

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Dalal Street continued its unstoppable momentum on Tuesday as benchmark indices closed at the day’s high for the fourth straight session, lifting the BSE Sensex by 1,225.07 points to 76,917.85 and the Nifty 50 by 370.05 points to 23,810.85. The three-day 2,800-point surge was propelled by crude oil plunging nearly 8% to $104.77 on West Asia de-escalation hopes, heavy FII buying, and blockbuster Q2 corporate earnings led by GAIL’s doubling profits and Bank of Baroda’s record ₹6,532 crore net profit.

Dalal Street closed in the green for a second consecutive session on Friday, with the BSE Sensex advancing 308.49 points to 74,459.53 and the Nifty 50 rising 116.35 points to 23,053.10, sealing a near 2% weekly gain. Frontline strength was spearheaded by a 2.2% bounce in Nifty IT and earnings-led rallies in Trent and IndiGo, offsetting broad risk-off selling that sent smallcaps down 1.85% amid Brent crude spiking to $117.40 and rising expectations of a December US Federal Reserve rate hike.

Dalal Street witnessed a sharp second-half recovery on Tuesday as the Nifty 50 rebounded from an intraday low of 22,569.65 to close down just 64 points at 22,716.20, while the BSE Sensex recovered nearly 500 points to settle at 72,529.07. Aggressive buying by domestic institutions cushioned aggressive FII selling of over ₹5,350 crore, but elevated Brent crude at $107 and a weakening rupee past 96 continue to keep market sentiment cautious.

Dalal Street suffered another severe beating on Monday, September 28, as benchmark indices sank to their lowest levels since April. The BSE Sensex plunged 1,124.02 points to hit a fresh 52-week low of 72,716.23, while the Nifty 50 broke below key support to settle at 22,780.25. A confluence of surging Brent crude above $106, US 10-year Treasury yields crossing 5.2%, and geopolitical deadlock over the Strait of Hormuz sparked aggressive foreign institutional selling, wiping out ₹5 lakh crore within the first 70 minutes of trade.

Dalal Street mounted a resilient late-afternoon comeback on Thursday, September 25, as the BSE Sensex reclaimed 315.20 points to close at 73,895.74 and the Nifty 50 defended the 23,000 threshold to settle at 23,140.50. Bargain hunting in beaten-down financials and RBI intervention in the currency market helped stem losses, though persisting geopolitical frictions in the Strait of Hormuz and elevated US Treasury yields keep traders cautious.

Indian benchmark indices plunged to three-month lows on Thursday, September 24, with the BSE Sensex tumbling 1,247.71 points to 73,580.54 and the Nifty 50 sliding 1.64% to close at 23,063.10. An overseas bond rout that took US 10-year yields to a 19-year peak, combined with crude oil rebounding past $102 and proposed IRDAI caps hammering insurers and banks, triggered broad-based capitulation despite the historic debut of the Rs 22,569-crore NSE IPO.

Dalal Street halted its mid-week slide on Tuesday, September 23, as the BSE Sensex advanced 299.17 points to settle at 74,828.25 and the Nifty 50 climbed 0.50% to reclaim the 23,446 mark. Buoyed by Brent crude retreating below $99, an improved Flash Composite PMI reading of 56.5, and heavy buying across banking and NBFC majors, Indian benchmarks staged a measured recovery despite ongoing geopolitical concerns over the Strait of Hormuz.

Dalal Street reversed early morning momentum on Tuesday, September 22, as the BSE Sensex tumbled 329.91 points to settle at 74,529.08 and the Nifty 50 slipped below key technical supports to 23,329. Heavy profit-taking across IT heavyweights like TCS and Infosys, coupled with ongoing foreign outflows, overshadowed macroeconomic relief from softening crude oil prices and global market strength.

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