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Nifty Tops 25,000 as Rally Extends to Seven Sessions

Optimism around USIndia trade progress together with prospective Fed easing kept risk appetite intact.

Overview

  • Benchmarks closed at Nifty 25,005.50 and Sensex 81,548.73, marking a seven-day advance and the Nifty’s first finish above 25,000 since August 21.
  • Gains were led by energy, oil & gas and power shares, while IT and auto indices declined on profit-taking.
  • Foreign investors were modest net sellers at Rs 115.69 crore as domestic institutions bought Rs 5,004.29 crore, and the rupee weakened to 88.44 per US dollar.
  • Analysts pointed to encouraging signals on USIndia trade talks and expectations of a near-term Federal Reserve rate cut as key supports for equities.
  • Corporate focus turned to Infosys after its board approved a Rs 18,000 crore share buyback, and early Friday trade signaled further momentum with Nifty near 25,100.