Overview

• The Nifty 50 closed at 25,005.50 and the Sensex at 81,548.73, with the Nifty posting its seventh consecutive daily gain.
• Energy, oil and gas, power and PSU banks led gains, while IT and autos declined; NTPC and Axis Bank advanced as Infosys fell ahead of a board meeting on a buyback.
• Provisional NSE data showed FPIs sold Rs 115.7 crore on Sept. 10 while DIIs bought Rs 5,004.29 crore, continuing domestic support against foreign outflows.
• The rupee ended at a record closing low of 88.44 per US dollar on importer and bank demand despite the equity uptrend.
• Analysts cited progress signals on US–India trade discussions, expectations of a near-term Fed rate cut and GST-related policy optimism as drivers, with indices still below their September 2024 highs.