Overview
- On Friday, Sensex settled at 85,267.66, up 449.53 points, and Nifty rose 148.40 to 26,046.95, building on Thursday’s sharp recovery.
- Buying focused on metals, autos, banking and select IT stocks, with mid- and small-cap indices also advancing.
- The US Federal Reserve cut rates by 25 basis points, lifting global risk appetite and supporting value buying in Indian equities.
- Foreign investors remained net sellers at Rs 2,020.94 crore on Thursday as domestic institutions bought Rs 3,796.07 crore.
- The rupee hit fresh lows around 90.3–90.5 per US dollar as analysts highlighted Nifty resistance near 25,950–26,300 and urged caution.