Stock markets surge in early trade on foreign fund inflows, firm global trends

Market Performance - Equity benchmark indices Sensex and Nifty started trading positively, with Sensex rising by 482.7 points (0.56%) to 85,412.06 and Nifty increasing by 160.2 points (0.61%) to 26,126.60 [1] - Major gainers included Infosys, Tata Steel, Tech Mahindra, Trent, HCL Tech, and Bharti Airtel, while UltraTech Cement and Power Grid were the only laggards [2] Foreign and Domestic Investment - Foreign Institutional Investors (FIIs) purchased equities worth ₹1,830.89 crore, while Domestic Institutional Investors (DIIs) bought equities worth ₹5,722.89 crore in the previous trade [2] - The participation of DIIs has been effective in absorbing selling pressure, while FIIs turning net buyers has boosted market confidence [4] Market Outlook - Analysts suggest a potential year-end rally driven by a reversal in the rupee and increased FII buying in the cash market, which could lead to short covering and higher benchmark indices [3] - Brent crude oil prices increased by 0.73% to $60.91 per barrel, which may influence market dynamics [3]