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Domestic buying lifts benchmarks despite foreign outflows
Indian markets advanced at the open on DII support, though currency weakness and FII selling kept outlook cautious.
Indian equity markets opened higher on December 12 as sustained domestic institutional buying offset continued foreign investor selling. The Sensex rose nearly 387 points while the Nifty crossed the 26,000 mark in early trade. Strength in IT, auto, and pharma stocks supported sentiment, though analysts cautioned that the rupee’s fall to record lows could cap upside.