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Indian benchmarks rebound as global cues improve risk sentiment
Benchmark indices advanced as global yields eased, with domestic institutional buying offsetting foreign selling and supporting broader market gains.
Indian equities closed higher after easing global bond yields supported investor sentiment following the US Federal Reserve’s rate cut. The Sensex rose 426.86 points or 0.51% to 84,818.13, while the Nifty50 gained 140.55 points or 0.55% to 25,898.55, snapping a three-day losing streak. Broader markets strengthened, with midcaps up 0.9% and smallcaps 0.8%. Foreign investors sold Rs 1,651 crore, while domestic institutions offset this with inflows of Rs 3,752 crore.