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Sensex soars ~862 pts; Nifty near record as banks, FMCG lead; breadth improves
Indian benchmarks surged—Sensex +~862 points, Nifty near records—led by banks and FMCG; breadth and volumes strengthened ahead of key results.
Bullish momentum gripped Dalal Street as the Sensex closed up about 862 points and Nifty settled near 25,585, just shy of record territory. Private banks and FMCG paced gains, while IT lagged ahead of earnings. Breadth improved across mid- and small-caps, reflecting stronger risk appetite. Traders cited supportive global cues, foreign inflows and resilient domestic demand narratives. With indices approaching highs, attention turns to earnings delivery, sector leadership rotation, and policy cues that could dictate whether the up-move extends or consolidates.