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Indian equities rally as Sensex crosses 85,000 and Nifty tops 26,000
Sensex surged past 85,000 and Nifty hit 26,000, driven by global optimism and robust domestic flows.
Indian benchmarks gained sharply, with the Sensex rising 378 points to 85,001 and the Nifty 50 advancing 130 points to 26,067. Gains were broad-based, led by metals, banks, and FMCG, while auto stocks lagged. Positive global cues, healthy quarterly earnings, and strong domestic flows fueled the rally. Analysts said investors are positioning for a supportive policy tone from the U.S. Federal Reserve. Market breadth improved, reflecting renewed risk appetite despite expensive valuations and cautious fund inflows.