Sensex and Nifty Extend Rally to Six Days, Reaching Six-Week Highs

Banking and real estate stocks drive gains as foreign fund inflows and RBI measures boost investor confidence.

The BSE Sensex surged 1,078.87 points (1.40%) to close at 77,984.38, while the NSE Nifty rose 307.95 points (1.32%) to 23,658.35, both marking six-week highs.
Banking and real estate stocks led the rally, with Nifty Bank and Nifty Realty indices rising 2.01% and 2.17%, respectively.
Foreign Institutional Investors (FIIs) were net buyers, purchasing equities worth ₹7,470.36 crore, while Domestic Institutional Investors (DIIs) were net sellers.
The cancellation of a planned nationwide bank strike contributed to gains in banking stocks, alongside optimism about potential RBI rate cuts.
Short covering ahead of the monthly F&O expiry and positive global market trends further fueled the market's upward momentum.