The SENSEX Index Closes 1.87% Higher

India’s BSE Sensex edged down around 0.2% to 80,822 on Monday, snapping a seven-session winning streak as investors booked profits following a sharp rally in domestic equities. The Nifty 50 also came under pressure after gaining around 10.5% over the seven sessions through Friday. Sentiment was supported by strong foreign inflows, with overseas investors purchasing more than $4.1 billion worth of Indian shares so far in November, marking their largest monthly inflows since September 2024. Meanwhile, the global retreat from AI-linked stocks is prompting investors to reconsider Asian markets, with India emerging as potential beneficiaries of a shift towards undervalued equities. Technology stocks led the losses, with TCS (-1.3%), Infosys (-1.9%), HCL Tech (-2.2%), and Tech Mahindra (-1.2%) among the notable laggards. On the upside, HDFC Bank (0.9%), State Bank of India (2.3%), and SAI Life Sciences (6.3%) posted gains.

India’s BSE Sensex gained ground to close about 2.2% firmer at 81,028 on Friday, its highest level since early March and extending its winning streak to seven sessions. Foreign investor inflows and lower oil prices amid hopes of a potential resolution to the Middle East conflict have been supporting market sentiment. Investors bought around 15,000 crore rupees ($1.6 billion) of Indian equities on Thursday, their biggest single-day net purchase in nearly six years, amid global rotation away from AI stocks and expectations of relief on the long-term capital gains tax front. Gains were widepread across sectors, particularly financials, banks, autos and consumer goods. M&M led gains, climbing 6.2%, after the automaker’s second-quarter fiscal year 2027 earnings came in well above expectations. ICICI Bank (4.7%), HDFC Bank (3.6%), Titan (3.4%), Axis Bank (3.2%) and Tata Steel (2.2%) also adanced solidly. The index recorded a weekly gain of 8.8%, its strongest performance in six years.

The SENSEX Index went up by 1483 points or 1.87 percent on Friday to close at 80793 points. The rise was led by ICICI Bank (4.33%), Mahindra & Mahindra (4.27%) and HDFC Bank (3.35%).