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Nifty and Sensex Extend Gains as Auto and FMCG Stocks Lead Market Rally
Nifty rose 112 points and Sensex 348 as auto and FMCG sectors rallied; analysts see continued strength amid retail buying and stable global cues.
Indian benchmarks continued their upward trajectory with Nifty adding 112 points to 25,895 and Sensex climbing 348 points, driven by strong auto and FMCG performance. Maruti, Hindustan Unilever, and ITC led advances amid positive consumer sentiment. Global cues remained supportive as US inflation data reinforced dovish Fed expectations. Broader indices outperformed with the Nifty Midcap 100 gaining 0.7 percent.
Analysts highlighted that sustained retail participation and FIIs turning net buyers could strengthen near-term momentum, especially in defensives and consumer cyclicals.