Sensex and Nifty Extend Winning Streak to Five Days on IT Stocks and FII Inflows

Indian equity markets opened higher on Wednesday, extending a five-day rally as buying in IT stocks and renewed foreign fund inflows lifted sentiment.

The BSE Sensex climbed 254.02 points to 82,180.77, while the NSE Nifty 50 rose 70.25 points to 25,178.55 in early trade.

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IT Stocks Lead Gains

Tech-heavy stocks were among the top performers, with Titan, Infosys, Tata Consultancy Services (TCS), Tech Mahindra, HCL Tech, and Maruti posting notable gains. Conversely, Power Grid, Sun Pharma, UltraTech Cement, and Hindustan Unilever lagged behind, tempering broader market momentum.

“The ongoing mild rally has support from institutional investment. FIIs turning buyers yesterday is a positive development, but it’s too early to confirm if this trend will sustain,” said V.K. Vijayakumar, Chief Investment Strategist at Geojit Investments Limited.

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Foreign Funds and Global Cues

Foreign Institutional Investors (FIIs) were net buyers on Tuesday, purchasing equities worth ₹1,440.66 crore, according to exchange data.

Global markets showed a mixed trend: Japan’s Nikkei 225 traded higher, while Hong Kong’s Hang Seng slipped. Markets in China and South Korea remained closed for public holidays. Meanwhile, U.S. equities ended lower on Tuesday amid mixed economic signals.

Crude oil prices inched up, with Brent crude rising 0.78% to $65.96 a barrel, adding to cautious optimism in commodity-linked segments.

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Market Outlook

After gaining 136.63 points on Tuesday to settle at 81,926.75, the Sensex has consistently benefited from inflows into IT and export-oriented sectors. The Nifty, meanwhile, added 30.65 points to close at 25,108.30, reflecting steady investor confidence.

Analysts note that while domestic factors like strong FII participation support the rally, global cues and commodity prices will play a decisive role in determining whether the uptrend can be sustained.