Bulls on the Street: D-St indices scale fresh highs

India’s equity benchmarks, the Nifty and Sensex, reached new highs as they climbed over 1% each for the third consecutive session. Financials, automobiles, and IT shares led the surge. The market capitalisation of BSE-listed firms also hit a record high. Foreign portfolio investors (FPIs) were net buyers for the third straight session, with FPIs and domestic institutional investors (DIIs) collectively contributing to the market’s gains. India’s strong economic outlook and attractive investment opportunities are attracting global attention, particularly as economic activity in China has slowed.