Sensex Crosses 76,000 as DIIs Fuel 15-Day Buying Streak

Sustained DII Support Propels Markets to New Heights Indian equity markets extended their impressive rally for the second consecutive session, with the BSE Sensex climbing 0.7% to close above the psychologically significant 76,000 mark while the Nifty 50 gained 0.5% to settle near 23,600. This sustained momentum reflects a fundamental shift in market dynamics, where domestic institutional investors (DIIs) have emerged as the primary growth catalyst, offsetting traditional concerns about foreign fund flows. The most remarkable aspect of this rally has been the unprecedented consistency of domestic institutional support. DIIs have remained net buyers for 15 consecutive trading sessions, purchasing shares worth ₹5,225 crore in the latest session alone. This sustained buying pattern represents more than just tactical positioning—it signals a structural confidence in India's long-term growth trajectory among domestic fund managers, insurance companies, and mutual funds. Large-Cap Leadership Drives Index Performance The rally has been broad-based but particularly pronounced among large-cap heavyweights that carry significant index weightage. NSE: RELIANCE led the charge among index contributors, with the oil-to-retail conglomerate adding nearly 150 points to the Sensex amid renewed optimism about its digital and retail expansion plans. The stock's performance has been particularly impressive given the mixed global energy sector sentiment. Technology giants NSE: TCS and NSE: INFY contributed substantially to the day's gains, rising 1.2% and 0.9% respectively. This outperformance comes despite ongoing concerns about US visa policies and AI disruption in the sector. The resilience suggests that investors are focusing on these companies' transformation into AI and digital services providers rather than dwelling on traditional headwinds. Banking heavyweights NSE: HDFCBANK and NSE: ICICIBANK provided crucial support to the rally, with both stocks gaining over 0.8%. The ba...