Business

Indian Indices Surge As IT Results Impress & FII Activity Soars

Indian benchmark indices kicked off the week with a significant surge, driven by impressive quarterly results from the IT sector and robust activity from foreign institutional investors (FIIs), signaling renewed investor confidence and optimism in the market.

The Sensex surged by approximately 160 points, reaching the 80,674 mark, while the Nifty gained nearly 40 points, settling at 24,540.

This positive momentum reflects growing confidence among market participants.

A standout performer was HCLTech, whose shares climbed nearly 5% following impressive quarterly earnings, indicating robust demand and operational efficiency.

Similarly, Zomato’s shares opened higher after the food delivery service announced an increase in platform fees, suggesting strong growth prospects in the competitive landscape.

Also Read: India’s Resilient Growth Continues As Forex Reserves Hit Record High

Market analysts noted that global factors continue to support India’s market rally.

However, experts advise caution as many momentum stocks approach excessive valuations, raising concerns about sustainability.

On 11 July, FIIs emerged as net buyers, purchasing equities worth Rs 4,021 crore, while domestic institutional investors (DIIs) took a step back, offloading shares worth Rs 1,651 crore.

This divergence in investor behavior highlights a complex market environment that requires careful navigation.

Overall, the positive opening reflects a mix of strong earnings and supportive foreign inflows, setting a hopeful tone for the trading week ahead.

Also Read: Surge In Mutual Fund Inflows Through New Fund Offers In June

Mankrit Kaur

Recent Posts

Hina Khan Hails 11 Years Of PM Modi’s Leadership; Highlights National Progress

As the nation marks 11 years under PM Modi's leadership, actress Hina Khan shares her…

6 hours ago

Subhash Ghai Hails PM Modi’s Transformative Vision For India

Subhash Ghai has praised PM Narendra Modi’s leadership for catalysing India’s growth and changing the…

7 hours ago

India & Central Asia Boost Rare Earth Cooperation At Delhi Meet

India and five Central Asian nations have agreed to deepen cooperation on rare earths and…

7 hours ago

PM Modi’s Beej Se Bazaar Tak Vision Reshapes Indian Agriculture

Prime Minister Modi has redefined Indian agriculture with the ‘Beej Se Bazaar Tak’ vision, transforming…

8 hours ago

EV Sales Cross 4% Mark In May; Signalling Steady Shift To Green Mobility

EV sales topped 4% of passenger vehicle retail in May 2025, signalling growing demand for…

8 hours ago

Self-Reliant Defence Industry Marks India’s Strategic Security Ascent

One year into Modi 3.0, reforms have reduced poverty, strengthened defence, and accelerated the digital…

8 hours ago