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2w ago

Indian Markets Extend Rally as Sensex, Nifty Hit Multi-Week Highs

Banking sector gains, foreign inflows, and RBI liquidity measures propel benchmarks to a sixth consecutive day of growth.

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Gains in banking and FMCG stocks as well as foreign capital inflows helped the benchmark equity indices, the Sensex and Nifty, increase on Tuesday for the sixth consecutive day.
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Overview

  • Sensex closed at 79,595.59 and Nifty at 24,167.25, marking a six-day winning streak with gains in banking and FMCG stocks.
  • HDFC Bank achieved a record market capitalization of ₹15 lakh crore, supported by a Q4 net profit of ₹17,616 crore, up 6.6% quarter-on-quarter.
  • Foreign Institutional Investors (FIIs) invested ₹1,970.17 crore, contributing to the sustained market momentum.
  • The Reserve Bank of India eased Liquidity Coverage Ratio (LCR) norms, reducing buffers for certain deposits from 5% to 2.5%.
  • Gold futures on MCX surged past ₹1 lakh per 10 grams for the first time, reflecting broader investment diversification.