admin 
Sensex Gains for 4th Day:
Indian equity markets continued their upward momentum on Friday, marking the fourth straight session of gains. The Sensex and Nifty closed higher as strong buying interest in FMCG, banking and telecom stocks supported overall sentiment. Despite weak global cues early in the morning, domestic benchmarks recovered steadily through the session.
The Sensex ended 84 points higher at 84,563, while the Nifty gained 31 points to close at 25,910. Both indices opened on a soft note but soon rebounded as traders turned to value buying in select blue-chip stocks. Market participants believe the sustained rally reflects improving domestic confidence even as global markets remain mixed.
Sensex Gains for 4th Day: Sector-Wise Performance
FMCG stocks led the rally with several large companies registering moderate gains. Banking shares, particularly private lenders, also supported the index. Telecom stocks saw positive movement as investors expect continued subscriber growth and stable revenue forecast for the sector.
Midcap and smallcap indices also showed resilience, although gains were limited
Rupee Rises Against Dollar
Meanwhile, the Indian rupee appreciated by 4 paise, closing at 88.66 per dollar. This marked a mild recovery after a volatile week.
However, currency traders noted that the strong U.S. dollar index and rising crude oil prices capped further appreciation.
Brent crude rose 1.6% to $64 per barrel, increasing pressure on import costs and limiting the rupee’s upward movement. Analysts say the market will now watch for U.S. inflation data and global energy trends for near-term direction.
Global Market Factors
International markets remained cautious as investors reacted to mixed economic signals from the U.S. and Europe. Despite this, Indian markets managed to hold ground, supported by robust domestic liquidity and steady institutional participation.
Market experts expect short-term consolidation but believe long-term fundamentals remain strong.
About The Author
