Sensex Jumps 1,000 Points; RIL and ITC Lead

Indian equity markets surged on Thursday, with the Nifty 50 climbing 1.4% to reclaim the 24,300 level and the BSE Sensex jumping over 1,000 points to trade near 78,000. The broad-based rally pushed both headline indices back toward recent resistance zones after a period of weakness. Reliance Industries and ITC were the biggest contributors to the Sensex gain, meaning heavyweight conglomerates in energy and consumer goods led the charge rather than a narrow sector move. A 1,000-point Sensex move signals meaningful institutional buying, as these index moves require large-cap participation across multiple sectors. Traders will now watch whether Nifty can hold above 24,300 on a closing basis, which would confirm the recovery rather than a one-day bounce. The durability of this move will depend on whether the buying continues into the session close and what triggers, if any, sustain momentum in the sessions ahead.