Overview
- Indian benchmarks closed higher on Friday, with the Sensex up 356 points at 81,904.70 and the Nifty up 108.50 at 25,114.00, marking an eighth straight advance.
- Sentiment improved on expectations of a US Federal Reserve rate cut next week and on progress reported in US–India trade discussions, with EU sources also signaling punitive tariffs on India are unlikely.
- Foreign institutional investors were net sellers by Rs 3,472 crore on Thursday, while domestic institutions bought Rs 4,046 crore, underscoring the DII support underpinning the rally.
- Infosys said its board approved a Rs 18,000 crore share buyback, and the stock gained in early trade following the announcement.
- Financials, metals and defence-related shares led gains, with BEL up about 3–4 percent, while FMCG names lagged and overall breadth favored large caps.