The domestic equity market witnessed a strong upward push as heavyweight stocks Reliance Industries and HDFC Bank staged impressive gains, pulling the BSE Sensex sharply higher and bringing it within touching distance of its all-time high. The index jumped 446 points to close at 85,633, marking the fourth straight day of sustained market strength.
The rally was driven largely by renewed buying confidence in two of India’s most influential bellwether stocks. Reliance Industries surged on the back of robust investor sentiment, while HDFC Bank attracted solid institutional interest as expectations of stable credit growth and improved liquidity conditions strengthened.
Market mood turned decisively positive through the afternoon session, supported by encouraging signals around ongoing India–US trade discussions. The optimism provided a strong tailwind to blue-chip counters, lifting banking, energy, and conglomerate stocks across the board.
For investors, the Sensex’s steady climb brings the benchmark back to within 345 points of its previous lifetime peak of 85,978. Analysts say the momentum indicates a market preparing for a potential breakout, provided global cues remain supportive and profit-booking stays limited.
Technical experts note that the Nifty 50’s close at 26,192 reflects a similar setup, inching close to its own milestone levels. A sustained move above key resistance zones could open pathways to higher chart territories for both indices, with traders eyeing whether the current momentum can convert into a fresh record-setting phase.
Despite the bullish tone, market strategists advise a cautious approach as the indices hover near historic highs. Any negative global development or sudden volatility could trigger short-term corrections. Yet, the strong leadership shown by large-cap stocks particularly Reliance and HDFC Bank continues to signal underlying resilience in India’s equity market.
With the benchmark index once again flirting with record territory, Dalal Street enters a crucial phase where sentiment, institutional flows, and macro signals will collectively dictate whether the markets can finally reclaim and surpass their previous highs.
