D-St hits fresh highs driven by strong FPI buying activity

India’s domestic stock benchmarks, the Sensex and the Nifty, reached new highs, driven by increased investments from foreign investors who view India as a bright spot in the global economy. The Adani Group, along with stocks in the metals, auto, and financial sectors, led the surge. However, analysts have cautioned that India’s equity valuations have become rich, which may limit further upside potential. Foreign portfolio investors turned net buyers after several sessions of selling, contributing to the rally. Overall, sentiment is positive in global equities following upbeat US economic data.