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Sensex, Nifty open higher as domestic buying offsets FII selling
Indian equities gained at the open on global support and DII buying, though a weak rupee and FII selling kept markets range-bound.
Indian benchmark indices opened higher on December 12, tracking positive global cues and steady domestic institutional buying despite continued FII outflows. Sensex rose nearly 387 points while Nifty crossed 26,000. IT, auto, and pharma stocks led gains. Sentiment remained cautious as the rupee hit a record low, prompting analysts to flag consolidation between 25,700 and 26,200 levels.