Indian equity indices ended a six-day losing streak on October 8, with Nifty closing above 25,000. Market gains were driven by buying across sectors, except metals, ahead of the RBI policy outcome.
Global market sentiment was weak due to the Middle East conflict, leading foreign institutional investors to sell shares worth $6 billion during the losing streak.
Sensex closed 584.81 points higher, a 0.72% gain, at 81,634.81; Nifty rose 217.40 points, or 0.88%, to finish at 25,013.20.
Key gainers on Nifty included Trent, Adani Enterprises, Adani Ports, Bharat Electronics, and M&M. Top losers included Tata Steel, SBI Life Insurance, Titan Company, JSW Steel, and Bajaj Finserv.
All sectoral indices, except metals, saw positive movement, with auto, banking, healthcare, realty, capital goods, power, telecom, and media sectors gaining 1-2%. BSE midcap index rose by nearly 2%, while the smallcap index surged 2.5%.
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