Overview
- Indian benchmarks snapped a three‑day slide, with the Sensex closing up 650 points at 83,277 and the Nifty rising 212 points to 25,683 after a late session surge.
- Banking, power and financial shares drove the rebound, while major IT names lagged as AI‑related disruption worries persisted following a steep sector selloff last week.
- Foreign institutional investors were heavy sellers on Friday, offloading about Rs 7,395 crore, whereas domestic institutions provided support with roughly Rs 5,554 crore in net purchases.
- U.S. data showing softer consumer inflation increased market odds of a Federal Reserve rate cut by June, pulling Treasury yields lower and helping stabilize risk sentiment.
- Thin holiday trading across Asia and a weak Japan GDP print of 0.1% annualized added caution, even as local breadth improved and crude hovered near $68 a barrel.