Final Trade: Sensex gains 193 pts, Nifty ends at 25,461 as IT, pharma, FMCG stocks lift markets near day’s high

Final Trade: Sensex gains 193 pts, Nifty ends at 25,461 as IT, pharma, FMCG stocks lift markets near day’s high

Closing market update: Indian equity benchmarks ended higher on Friday, rebounding near their day’s highs in the final hour of trade, as gains in IT, pharma, and FMCG stocks helped offset global uncertainty linked to impending U.S. tariff actions under former President Donald Trump’s proposals. The BSE Sensex closed at 83,432.89, up 193.42 points or 0.23…

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FIIs dump Rs 4,892 crore worth of equities in June; DIIs step in with Rs 44,000 crore buying

FIIs dump Rs 4,892 crore worth of equities in June; DIIs step in with Rs 44,000 crore buying

Foreign institutional investors (FIIs) have reversed their bullish stance from May and turned net sellers in Indian equities this month. According to exchange data, FIIs sold equities worth Rs 4,892 crore in the cash market through June 13, after investing Rs 19,860 crore in May. In sharp contrast, domestic institutional investors (DIIs) have remained consistent…

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SBI mutual fund sees reset in market sentiment, moves to neutral stance

SBI mutual fund sees reset in market sentiment, moves to neutral stance

SBI Mutual Fund has revised its stance on Indian equities to neutral from underweight, citing improved valuations, resilient GDP growth, and stable corporate earnings. The move marks a subtle but notable shift in the sentiment, as markets continue to hold firm despite global headwinds and tariff-related uncertainty. “This shift represents a healthier market outlook and better…

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