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Early session rally lifts benchmarks as foreign inflows boost sentiment
Benchmarks surged in early trade on strong FII inflows, global market strength, and a firmer rupee, pushing Sensex and Nifty to fresh intraday highs.
Indian equity markets opened higher on December 22 as sustained foreign fund inflows and positive global cues supported risk appetite. The BSE Sensex advanced over 480 points to cross 85,400, while the NSE Nifty moved above 26,100 in early trade. Buying was broad-based, with gains led by IT, metals, and telecom stocks such as Infosys, Tata Steel, Tech Mahindra, and Bharti Airtel. Market participants pointed to renewed FII buying, a firmer rupee, and stable crude prices as key drivers supporting the year end rally narrative.