Among the 30 Sensex firms, Mahindra & Mahindra jumped 5.25 per cent, InterGlobe Aviation 4.37 per cent, Trent 3.02 per cent, Tata Steel 2.22 per cent, ITC 2.15 per cent and Axis Bank 2.14 per cent. Adani Ports, Tech Mahindra, HCL Tech and ICICI Bank were among the laggards. Foreign Institutional Investors (FIIs) bought equities worth Rs 7,212.22 crore on Monday, according to exchange data. Brent crude, the global oil benchmark, was up 1.58 per cent to USD 92.94 per barrel.
FII coming back?
The broader market uptrend remains underpinned by a favourable mix of sustained FII inflows, lower crude oil prices, a resilient rupee and encouraging corporate earnings, he said. Broader markets rallied as the BSE SmallCap Select index jumped 1.29 per cent and MidCap Select index was up 1.02 per cent. Among BSE sectoral indices, MidSmall Private Banks Quality Tilt surged 3.44 per cent, PSU PSU Bank 3.03 per cent, Telecommunication 2.41 per cent, Auto 2.05 per cent, Bankex 1.94 per cent, Private Banks index 1.43 per cent and Commodities 1.24 per cent. IT, Healthcare and Realty were the laggards.
Investors’ wealth climbed Rs 4.30 lakh crore to Rs 5,10,72,090.95 crore (USD 5.44 trillion) in two days. So far this month, the Sensex has surged 7,419.87 points, or 9.96 per cent, and the Nifty zoomed 2,201.95 points, or 9.55 per cent. Foreign investors turned net buyers of Indian equities in November, infusing Rs 53,739 crore so far after two consecutive months of outflows, driven by the AI-led sell-off in global markets, strong domestic earnings growth and attractive large-cap valuations.