Branch² Intelligence
Market ends higher: 3 factors that helped Sensex, Nifty snap two-day losing streak
Key takeaway
Sensex and Nifty snap 2-day losing streak, led by Bharti Airtel, HDFC Bank, Sun Pharma.
- Step 1Indian equity indices rally on buying in Bharti Airtel, HDFC Bank, Sun Pharma; Nifty Bank up 510 points.
- Step 2Improved sentiment reduces India's equity risk premium, attracting foreign portfolio inflows (FPI).
- Step 3FPI inflows strengthen the Indian rupee (INR) against GBP, lowering import costs for UK SMEs sourcing from India.
Source: CNBC TV18 (Markets)
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