Overview
- The Sensex rose 573 points to 85,762 and the Nifty gained 182 to 26,328 after a late rally that set fresh closing highs.
- Gains were led by autos and metals, with large caps outperforming and NTPC rising about 5 percent.
- Domestic institutional buying provided support against ongoing foreign selling as market breadth stayed positive.
- Regional equities and firmer US futures aided sentiment, while the rupee appreciated to roughly 89.92 per dollar with traders expecting RBI defense of 90.
- Technicians cited a bullish breakout, highlighting support near 26,000 and a potential move toward 26,600 if 26,350 is decisively crossed.