Sensex Soars, Nifty Hits Record High: 5 Reasons Fueling Market Rally

Business
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Moneycontrol•05-01-2026, 11:29
Sensex Soars, Nifty Hits Record High: 5 Reasons Fueling Market Rally
- •Sensex recovered 350 pts from day's low, Nifty scaled a fresh all-time high of 26,373.20.
- •Buying in bluechip stocks like Reliance Industries, which hit a 52-week high, boosted market sentiment.
- •Foreign Institutional Investors (FIIs) turned net buyers, injecting Rs 289.80 crore after a selling phase.
- •Positive global cues from Asian and US markets, coupled with declining Brent crude prices, supported the rally.
- •RBI's planned Rs 50,000 crore open market operation (OMO) purchase provided liquidity support.
Why It Matters: Indian markets surged, with Nifty at a new high, driven by bluechip buying, FII inflows, and global factors.
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