Economy
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.
Precious metals are having a rough run, with the latest sell-off taking gold to a one-year low and pushing silver below the $50-an-ounce mark for the first time in almost a year.
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.
India’s first-half exports reached $259B behind a 26% spike in tech shipments, amid widening China deficits.
Sensex fell 251 points as geopolitical tensions and surging oil prices weighed down Dalal Street.
Dalal Street staged an afternoon turnaround on Tuesday, with the BSE Sensex advancing 1,109.10 points to 73,033.78 and the Nifty 50 rallying 358.60 points to 22,721.95. A 5% surge across IT counters—sparked by HCLTech’s margin expansion and strong Q2 earnings beat—coupled with a strengthening rupee at 95.28 following the RBI’s specialized OMC dollar window and hints of a capital gains tax review, helped domestic equities decouple from a broader sell-off across Asian bourses.
Dalal Street reversed Friday’s gains on Monday as early momentum gave way to institutional selling, dragging the BSE Sensex down 547.65 points to 71,924.68 and the Nifty 50 lower by 157.10 points to 22,363.35. A spike in sovereign bond yields, persistent FII equity sales stretching into an eleventh session, and Brent crude hovering above $103 weighed on rate-sensitive FMCG and IT stocks, even as the rupee posted a 1% recovery to 95.77 following the RBI’s specialized foreign exchange window for state refiners.
Dalal Street roared back on Friday as benchmark indices reversed Thursday’s steep sell-off, with the BSE Sensex advancing 879.09 points to 72,472.33 and the Nifty 50 climbing 288.65 points to 22,520.45. A stellar Q2 FY27 earnings beat by TCS—anchored by $3.1 billion in annualized AI revenue—fueled a 3% surge in IT stocks, while a pullback in Brent crude to $103 following a pause in US military threats against Iran helped domestic bulls overpower relentless foreign institutional selling.
Dalal Street suffered a sharp sell-off on Thursday, with the BSE Sensex plunging 1,045.46 points to 71,593.24 and the Nifty 50 dropping 371.25 points to a fresh 52-week low of 22,179.90. Over ₹10 lakh crore in market capitalization was erased as the RBI’s shift to ‘calibrated tightening’, Brent crude surging past $104 amid Hormuz tanker attacks, and relentless foreign institutional selling pressured rate-sensitive sectors, even as IT stocks bucked the trend ahead of TCS earnings.
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