Sensex rises over 100 pts, Nifty above 25,800 led by IT stocks’ smart rebound

Market Performance - The Sensex traded over 100 points higher at 83,979, while the Nifty index began trading over 50 points in the green, above 25,850 [1][16] - On the 30-share Sensex, IT stocks led the gains, with HCL Tech, Tech Mahindra, and TCS rising up to 2%, while Tata Steel, HUL, and Maruti Suzuki advanced by up to 1% [16] - IndiGo, Trent, Bajaj Finance, and Axis Bank were among the top laggards, slipping as much as 1.5% [16] Investor Sentiment - Near-term sentiment is expected to remain measured, with selective profit booking emerging in high-valuation pockets and lingering uncertainty in the IT sector due to global AI-led disruption concerns [4][5] - The undertone remains constructive, supported by domestic economic resilience and clear leadership from banking heavyweights [5][16] - Participation is likely to remain selective, with ongoing sectoral rotation shaping near-term price action [5][16] Global Market Trends - Asian equities advanced, tracking gains in U.S. technology stocks, while persistent U.S.–Iran tensions kept oil prices supported [6][16] - The MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5%, and Japan's Nikkei gained 0.85%, led by technology stocks [7][16] - In Europe, the STOXX 600 closed at a record high, climbing 1.19%, supported by strength in defense and banking stocks [9][16] Foreign Investment - Foreign portfolio investors (FPIs) net bought shares worth Rs 1,154 crore, while domestic institutional investors (DIIs) were buyers of equity worth Rs 440 crore [10][16] Oil Market - Oil prices held strong gains, with Brent crude futures at $70.31 per barrel after a 4.35% rally, and U.S. crude at $65.10, retaining most of its previous session's 4.6% advance [11][16]