Overview
- The Sensex closed at a record 82,530.74, gaining 1.48%, while the Nifty50 rose 1.60% to reclaim the 25,000 level for the first time in seven months.
- Foreign portfolio investors net purchased ₹5,392.94 crore of Indian equities, while domestic institutional investors sold ₹1,668.47 crore, reflecting divergent investment flows.
- U.S.-China trade tensions eased following a 90-day tariff pause, which, along with softer-than-expected U.S. wholesale inflation data, boosted global market sentiment.
- The S&P 500 extended its winning streak to four days, closing 0.4% higher at 5,916.93, supported by declining Treasury yields and strong performance in tech stocks.
- Oil prices dropped nearly $1 per barrel due to potential U.S.-Iran nuclear negotiations and unexpected crude inventory builds, signaling possible supply increases.