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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.
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.
Indian equities closed lower on Wednesday, giving up early gains as profit booking in heavyweight financials and caution ahead of inflation data kept sentiment muted.
Dalal Street finished Monday with a yawn and a sigh of relief.
Indian benchmarks ended higher on Thursday, breaking a six-day losing streak, but the gap between the Sensex and Nifty told the real story of the day — expiry volatility turbocharged by SEBI’s new closing auction.
Dalal Street went into defensive mode on Tuesday. A day after a record closing-auction surge, the Nifty 50 and Sensex both ended in the red as traders trimmed risk ahead of weekly derivatives expiry and digested the impact of SEBI’s new settlement mechanism.
Indian markets finished in the green on Friday, capping July with a second straight month of gains. The rally was less about domestic euphoria and more about global reallocation — money leaving crowded AI trades and landing in India.
Regular market timers on Dalal Street bore witness to an absolute masterclass in technical momentum on August 3, 2026. Unwinding weeks of macro anxiety, the benchmark NSE Nifty 50 posted an explosive 390.70-point surge, climbing 1.60% to settle at a powerful 24,774.30.
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