Share Market Today: Tremendous rise in the stock market... Sensex-Nifty rises by 1.20%

Share Market Today: Thursday was a great day for the Indian stock market. Sensex and Nifty continued their upward trend for the third consecutive day and both the major indices closed with a gain of more than 1.20 percent. Due to this sharp rise, the total wealth of investors increased by Rs 3.33 lakh crore, which reflects the positive environment in the market.

Performance of major indices

Sensex closed at 83,755.87, up 1000.36 points

Nifty rose 304.25 points to reach 25,549.00

New high in banking sector

The Nifty Bank Index reached a new 52-week high on Thursday, reaching 57,206.70. HDFC Bank and Axis Bank shares played a major role in this rise:

HDFC Bank: 2.10% rise, record level of Rs 2,021.80

Axis Bank: 1.6% rise, reaches Rs 1,233

So far in 2025, Bank Nifty has registered an overall gain of about 12%.

5 major reasons for the rise:

1. Ease in US-Iran tensions

US President Donald Trump hinted at talks with Iran, which reduced geopolitical tensions. This increased the risk-taking trend in the global market and benefited emerging markets like India.

2. Rise in global market

Japan's Nikkei 225 and China's Shanghai Composite remained in the green on Thursday. The positive trend of global signals was also reflected in the Indian market.

3. Strength in rupee

The Indian rupee strengthened by 21 paise to reach 85.87 per dollar. Weakness in dollar and strength in rupee boosted the confidence of foreign investors.

4. Strength of domestic economy

According to RBI's June bulletin, India's industrial and service sector remains strong even amidst global challenges, which has boosted investor confidence.

5. Buying in big stocks

Large-cap stocks like Bharti Airtel, Reliance Industries saw a rise of up to 2%. Buying in these big stocks strengthened the entire market.