Sensex and Nifty Extend Winning Streak as IT Stocks Shine, FIIs Return as Buyers

Indian equity markets opened higher on Wednesday, continuing their five-day rally supported by strong buying in IT stocks and renewed foreign investor participation.The BSE Sensex rose 254 points to 82,180.77, while the NSE Nifty gained 70 points to 25,178.55 in early trade. Major gainers included Infosys, TCS, Tech Mahindra, HCL Tech, Titan, and Maruti, which lifted the indices higher.On the downside, Power Grid, Sun Pharma, UltraTech Cement, and Hindustan Unilever saw minor losses.

Foreign Institutional Investors (FIIs) turned net buyers on Tuesday, investing ₹1,440.66 crore, providing a positive push to market sentiment. According to VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, “The mild rally is being supported by institutional inflows, and the return of FIIs is encouraging — though it’s too soon to call it a sustained trend.”Across Asia, Japan’s Nikkei 225 traded in the green, while Hong Kong’s Hang Seng slipped. Markets in China and South Korea remained closed for holidays.Meanwhile, Brent crude prices edged up 0.78% to USD 65.96 per barrel, and US markets ended lower overnight.On Tuesday, Sensex had added 136.63 points to close at 81,926.75, while Nifty climbed 30.65 points to finish at 25,108.30.