Overview
- The Sensex closed at 79,595.59 and Nifty at 24,167.25, marking a sixth consecutive day of gains with a 7.8% rise over six sessions.
- Banking and FMCG stocks led the rally, with ITC, Hindustan Unilever, and Mahindra & Mahindra among the top gainers.
- Foreign institutional investors infused ₹1,970 crore into Indian equities, reversing months of outflows and boosting market sentiment.
- The Reserve Bank of India reduced the Liquidity Coverage Ratio buffer for digital deposits from 5% to 2.5%, easing liquidity constraints.
- A favorable global macroeconomic environment, including muted US bond yields and stable crude oil prices, bolstered investor confidence.