Overview

• The Sensex gained 123.42 points to finish at 82,515.14, and the Nifty added 37.15 points to close at 25,141.40 on Wednesday.
• A preliminary US-China agreement to resume rare-earth mineral shipments and allow Chinese students into American universities lifted investor risk appetite.
• May’s consumer price index rose 0.1% month-over-month and 2.4% year-over-year, undershooting forecasts and fueling expectations of Fed rate cuts.
• IT stocks led the advance, with HCL Technologies surging over 3%, while auto and energy sectors also contributed to the upside.
• Foreign portfolio investors sold Rs 446.3 crore of Indian equities, while domestic institutions remained net buyers for the 19th straight session.