Nifty, Sensex rise as Brent crude falls to $108
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- Nifty rose 112.35 points (0.5%) to close at 23,114.5, after earlier trading up as much as 1.5% before slipping due to rupee weakening.
- Sensex gained 325.72 points (0.4%) to settle at 74,532.96, mirroring the Nifty’s early rally and later moderation.
- Foreign portfolio investors net sold shares worth ₹5,518 crore on Friday, while domestic institutions bought ₹5,706 crore, shifting net capital flows.
- Rupee slipped past the 93 per dollar mark for the first time, a record low that dampened sentiment, according to Axis Securities’ Rajesh Palviya.
- Brent crude May futures fell 0.4% to $108 a barrel after a prior high of $119, reflecting oil‑price volatility amid the West Asia conflict.
- VIX closed at 22.81, almost unchanged from the prior day but up 59% over the past month, with analysts warning that further attacks on the Strait of Hormuz could pressure markets.
Why it matters: Domestic institutional investors gained a net inflow of ₹5,706 crore, offsetting the ₹5,518 crore outflow by foreign portfolio investors and allowing the Nifty and Sensex to close modestly higher; however, the rupee’s breach of 93 per dollar and a 59% rise in the VIX signal heightened risk for equity holders if oil‑price volatility persists.
