Overview
- The Sensex rose 388 points to 84,950.95 and the Nifty advanced 103 points to 26,013.45, marking a sixth straight session of gains.
- Bank Nifty hit an intraday high near 59,000 and logged a record close at 58,962, with all 12 constituent banks finishing higher.
- Broader markets outperformed as the Nifty Midcap set a new peak at 61,211.05 and the Smallcap index also advanced, with most sectoral indices in the green.
- Foreign portfolio investors turned net buyers after five sessions of selling, purchasing about Rs 400 crore of equities on a provisional basis.
- Technicians flagged near-term hurdles at 26,100–26,150 on the Nifty and 59,100–59,500 on Bank Nifty, with key support for the banking gauge around 58,000.