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Sensex, Nifty Snap Three-Day Slide With IT and Auto Gains as Foreign Buying Returns

Optimism over a U.S. shutdown deal alongside a Goldman Sachs overweight call buoyed risk appetite.

Overview

  • The Sensex rose 319 points to 83,535.35 and the Nifty added 82 points to 25,574.35, ending a brief losing streak.
  • Foreign investors turned net buyers on Friday with Rs 4,581.34 crore in purchases, while domestic institutions bought Rs 6,674.77 crore, supporting sentiment.
  • Goldman Sachs upgraded India to overweight and set a Nifty target of 29,000 by end-2026, citing improving earnings and supportive policy signals.
  • IT and auto shares led gains, with Infosys, HCL Tech and TCS among top performers as broader Asian markets firmed.
  • Traders tracked Lenskart’s widely subscribed IPO listing and watched key Nifty levels, with support near 25,300–25,250 and resistance around 25,650–25,700.