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Indian Stock Markets Gain Over 4.5% During Holiday-Shortened Week

Indian stock markets rose more than 4.5% this week, even though trading happened for fewer days due to a public holiday. Investors showed strong buying interest, and major stock indices posted solid gains by the end of the week.

The BSE Sensex and NSE Nifty, India’s two main stock indices, moved up sharply as investors bought shares across many sectors. Traders welcomed positive global signals, steady corporate earnings, and hopes of an interest rate cut by the Reserve Bank of India (RBI) in the coming months.

The rally started on Monday and continued through the shortened trading week. The markets remained closed for one day due to a national holiday, but that did not stop the upward momentum. Investors trusted the Indian economy’s strength and bought shares of companies in banking, technology, energy, and auto sectors.

Market experts said strong foreign investor activity also helped push the markets higher. Foreign investors put money into Indian stocks as they looked for stable and growing economies during uncertain global conditions.

“The market responded well to positive cues from both global and local fronts,” said a senior market analyst. “Strong buying in blue-chip stocks and consistent foreign fund inflows gave a big boost.”

Companies also posted healthy earnings for the March quarter, which gave more confidence to investors. Many firms reported strong sales and profits, leading analysts to raise their price targets.

The Indian rupee stayed mostly stable against the US dollar during the week, which added more support to market sentiment. The bond market also remained calm, with yields staying steady.

Looking ahead, experts expect the Indian markets to remain strong if earnings continue to beat expectations and if inflation stays under control. They also advised investors to stay alert, as global factors like oil prices and US market trends can still affect short-term performance.

Overall, this week’s rally shows that investor confidence in the Indian economy remains high, even during a shorter trading period.