Sensex Crosses 85000 on Strong Foreign Inflows
Sensex hit 85000 as FIIs invested $4.2bn.
India's benchmark Sensex index breached the historic 85,000 mark for the first time on Tuesday, driven by sustained foreign institutional investor inflows of $4.2 billion in April alone. The Nifty 50 simultaneously crossed 25,800, with both indices posting gains for the eighth consecutive session.
IT services giant Infosys led the rally with a 3.2% gain after upgrading its full-year revenue guidance, while HDFC Bank and Reliance Industries each added over 2%. The broad-based advance reflected growing confidence in India's economic trajectory, with GDP growth forecast at 7.2% for the fiscal year, the fastest among major economies. India's relative insulation from the Iran conflict has made it an attractive safe haven for global capital.
Morgan Stanley raised its year-end Sensex target to 92,000 from 85,000, citing improving manufacturing PMI data, a surge in domestic consumption, and the Modi government's continued infrastructure spending program worth $120 billion annually. Foreign portfolio investors have now allocated $18.6 billion to Indian equities in 2026, already surpassing the full-year 2025 total. The rupee strengthened 0.3% to 83.20 per dollar on the inflows.
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