Sensex Surges 790 Points as Telecom and Banking Stocks Lead Rally

Indian stock markets continued their positive trend for the second consecutive trading session on Thursday, with both benchmark indices ending significantly higher despite experiencing volatility during the day. Investor sentiment remained upbeat, supported by strong buying in key sectors such as telecom, pharmaceuticals, and private banking, which helped the markets recover from intraday weakness and close near the day’s highs.

The benchmark BSE Sensex, which tracks the performance of 30 major companies listed on the BSE Limited, surged by 789.74 points, or 1.06%, to settle at 75,398.72. The index opened on a positive note, reflecting optimistic market sentiment at the start of the session. However, profit booking and cautious trading in the late morning hours briefly dragged the Sensex into negative territory. As the session progressed, value buying emerged in heavyweight telecom and banking stocks, triggering a strong rebound. This buying momentum pushed the index to an intraday high of 75,681.88, representing a gain of more than 1,000 points from the day’s low.

The broader market mirrored this strength, with the Nifty 50, the flagship index of the National Stock Exchange of India, advancing 277 points, or 1.18%, to close at 23,689.60. The index maintained a firm tone throughout most of the session, supported by widespread buying across large-cap stocks.

Market participants attributed the rally to renewed investor confidence in fundamentally strong sectors, particularly telecom, pharmaceutical, and financial services companies. Banking stocks attracted significant interest due to expectations of healthy credit growth and improving asset quality, while pharmaceutical shares benefited from defensive buying. Telecom counters also remained in focus amid optimism about sector earnings and business expansion.

The continued rise in both benchmark indices indicates improving sentiment among investors and suggests that market participants are selectively accumulating quality stocks after recent fluctuations. The second straight day of gains has reinforced hopes of a sustained recovery in domestic equities, provided global cues remain supportive and institutional buying continues.