Mumbai, April 11 (BNP): Indian equity markets continued their upward momentum for a second straight week, supported by improved global sentiment after signs of easing tensions between the US and Iran. The development helped reduce investor anxiety, particularly around energy prices, and sparked broad-based buying across sectors.
Benchmark indices recorded strong weekly gains, largely driven by short covering and renewed investor confidence. The Nifty 50 rose nearly 5.9% over the week and added 1.16% on the final trading day, closing at 24,050—its highest level in recent sessions.
The rally was further supported by softer oil prices and a positive trend in global markets, which boosted risk appetite. Banking, auto, and realty stocks emerged as key contributors to the gains, with most sectoral indices ending in positive territory.
Market participants also took comfort from easing volatility and improved foreign investor participation, which added strength to the rally.
However, analysts remain cautious about the sustainability of the uptrend, noting that future market direction will depend on how global developments unfold and whether the current positive sentiment holds.
