Sensex and Nifty extend winning streak to six sessions
In short
Sensex and Nifty rose for a sixth straight session. The Sensex jumped 2,008 points and the Nifty added 576 points.
Lower Brent crude prices, strong buying in banking stocks and good Q2 earnings in some auto and other companies helped drive the rally.
What the reporting says
Sensex and Nifty extended their winning streak to six sessions as the Sensex surged 2,008 points and the Nifty gained 576 points. A 19% weekly decline in Brent crude, heavy buying in banking stocks and positive Q2 earnings in select auto and other stocks supported the rally. The gains lifted broader Indian markets.
Why it matters
Indian markets gained for a sixth straight session, with the Sensex up 2,008 points and the Nifty up 576 points. The move was supported by a 19% weekly drop in Brent crude, heavy buying in banking stocks, and positive Q2 earnings from selected auto and other stocks. The rally points to stronger risk appetite across the market, especially in banking and autos.