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Market wrapFinancial Express

Sensex Nifty rally on bank auto gains FPI buying

Positive+1

GreyOak summary

Indian benchmark indices Sensex and Nifty rallied 0.95% and 0.84% respectively, driven by sustained foreign portfolio investor buying which hit a six-year high. Lower Brent crude prices around $92 eased inflation concerns, while PSU banks and auto sectors led the gains.

What it affects

  • FII flowsPositive +1

    FPI buying hit 6-year highRolling sentiment Neutral +12

  • NIFTY 50Positive +1

    Nifty gained 0.84% crossing 25,400 intraday.Rolling sentiment Positive +40

  • SENSEXPositive +1

    Sensex rose 0.95% to an eight-month high.Rolling sentiment Positive +20

  • AutoPositive 0

    Auto stocks led sectoral gains.Rolling sentiment Positive +28

Source

Read the original at Financial Express

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