Indian stock markets rallied on September 10 2024, driven by positive global trends and fresh inflows of foreign capital. The NSE Nifty 50 index added 104.70 points to settle at 25,041.10, while the BSE Sensex climbed 361.75 points, closing at 81,921.29, ANI reported.

Leading gainers on the National Stock Exchange included Divis Laboratories, LTIMindtree, Bharti Airtel, Wipro, and HCL Technologies. In contrast, HDFC Life Insurance, SBI Life Insurance, Bajaj Finserv, Shriram Finance, and Bajaj Finance were among the top decliners. The session also saw 365 companies hitting their upper circuit, with 2,594 advancing, 1,343 declining, and 105 remaining unchanged across 4,042 traded shares. Pharmaceutical and IT stocks outperformed, giving the broader market a lift, although the small- and mid-cap segments have shown signs of weakness in recent sessions. Banking stocks, which had been lagging, gained momentum, signalling a possible shift in market sentiment.

Analysts pointed to a global recovery following September 9's decline, though volatility is expected ahead of the US Federal Reserve's rate decision on September 18. As quoted by ANI Indian stock market expert Ajay Bagga noted that US markets experienced a rebound, with technology stocks recovering from previous week's losses, helping to boost sentiment across Asian markets.

On the global front, the S&P 500 rose 1.16% to 5,471.07, the Dow Jones climbed 1.2% to 40,829.69, and the Nasdaq gained 1.16% to 16,884.60 on September 9. Asian indices followed suit, with Japan’s Nikkei 225 and Australia’s S&P/ASX 200 both advancing by roughly 0.5%, while the US dollar strengthened ahead of an important Consumer Price Index report due on September 11.