Sensex strikes again: The Bollywood blockbuster of the stock market

In what feels like the DDLJ of stock market rallies—long, dramatic, and endlessly entertaining—the Sensex and Nifty 50 wrapped up their fifth consecutive session of gains on December 5, proving yet again why they're the Rajinikanths of Indian finance. The Sensex surged a whopping 1,850 points from its intraday low, closing at 81,765.86, while the Nifty 50 jumped 2 per cent during the day to settle at 24,708.40. It's as if the market decided to shed its morning blues, put on a sherwani, and make a grand Bollywood-style comeback. The morning drama: Bears, interrupted The day started like a generic soap opera: slow, predictable, and a little dull. The Sensex dipped 489 points in early trade, and the Nifty looked like it might just nap under 24,300. Enter the afternoon session, and the market flipped the script. "It was like watching a Salman Khan movie," said market analyst Kishore Tikdamal. "You know the hero will get beaten u

This article was originally published on December 05, 2024.