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India Stocks Rally Into Year-End as Sensex Jumps 638 Points, Nifty Tops 26,100

Foreign buying returned alongside a firmer rupee, lifting sentiment on global tech gains plus expectations of Fed easing next year.

Overview

  • Benchmarks extended their rebound to close at Sensex 85,567.48 (+638) and Nifty 26,172.40 (+206), with most sectors finishing higher.
  • Exchange data showed FIIs net bought Rs 1,830.89 crore and DIIs purchased Rs 5,722.89 crore, reinforcing liquidity support for equities.
  • Information technology and metal stocks led advances, with names such as Infosys, Tech Mahindra, HCL Tech and Tata Steel rising up to about 3%.
  • The rupee strengthened to roughly 89.41–89.45 per US dollar, with market commentary citing RBI intervention as a factor that improved tone.
  • Broader participation lifted mid- and small-caps and one estimate pegged single-session wealth creation near Rs 3.5 lakh crore, while traders flagged upcoming US data and rich valuations as key watchpoints.