Sensex, Nifty extend winning streak for seventh straight session
In short
Sensex and Nifty rose for a seventh straight day, and Nifty closed at a nine-month high above 25,000.
Bank stocks, M&M and precious metal shares helped the rally. Some midcap stocks fell after weak Q2 growth and cautious outlooks.
What the reporting says
Sensex and Nifty extended their winning streak to seven sessions, with the Nifty closing at a nine-month high above 25,000, according to the market summary. Heavy buying in banking heavyweights, strength in M&M and precious metal stocks supported the rally. Disappointing Q2 growth and cautious outlooks weighed on select midcap stocks, even as the broader benchmark trend stayed firm.
Why it matters
The Indian equity market logged a seventh straight session of gains, with Nifty ending above 25,000 at a nine-month high. The move was supported by banking stocks, M&M and precious metal names, while some midcaps came under pressure after weak Q2 growth and cautious company outlooks. The report points to broad market strength, especially in large-cap segments.