Overview

• The Sensex closed at 77,044.29, a two-week high, while the Nifty climbed 108.65 points to close at 23,437.20, marking its first close above 23,400 in April.
• Foreign Institutional Investors (FIIs) resumed buying, investing Rs 6,065.78 crore in equities after a period of selling activity.
• IndusInd Bank led gains with a 7.12% surge, while other blue-chip stocks like Axis Bank and Adani Ports also performed strongly; auto sector stocks faced declines.
• Retail inflation at near six-year lows has fueled investor expectations of further rate cuts, counterbalancing subdued Q4 FY25 earnings forecasts.
• Global markets remain volatile due to ongoing US-China tariff tensions, but Indian markets showed resilience with improved market breadth, as 54 stocks hit 52-week highs.