FIIs net buy Indian equities worth Rs 130 crore, alongside DIIs' net buying at Rs 1,556 crore

Market Performance

Indian markets ended the week on a strong footing, with the Nifty closing above the 25,000 level and broader indices outperforming the benchmark. Vinod Nair, Head of Research, Geojit Investments highlighted that the upturn was supported by optimism over the anticipation of stronger H2FY26 earnings, driven by GST rationalisation and the benefits of monetary easing, which also provide resilience to valuations. "Sentiment was further lifted by reports that the EU may reject U.S. tariff proposals on India’s Russian oil imports," he added.

This week also continued foreign outflows weighed on the rupee, while gold reached fresh highs on strong safe-haven demand amid global trade tensions. The market, however, found support in improving prospects for India-US trade negotiations, suggesting tariff-related risks may prove short-lived. Another significant happening during the week is that of the global bond yields rising to new peaks.

Reflecting on the market's performance today, Nair said "The IT index exhibited its rally, driven by renewed hopes of a Fed rate cut, Infosys’ buyback announcement, and optimism over a revival in technology spending. Consumer-centric sectors, particularly Auto, displayed steady resilience, supported by expectations of GST-driven demand recovery and festive season tailwinds. Domestic CPI inflation registered a slight uptick; however, ongoing tax reforms are expected to help ease pressures in the period ahead."

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