Indian Shares Extend Gains For Fourth Day

Indian equities extended their winning streak for a fourth straight session, with the Sensex and Nifty both closing higher as falling crude oil prices and easing expectations for near-term Fed rate hikes supported risk sentiment. The move was helped by optimism around upcoming corporate earnings and strong June-quarter business updates from banks. The BSE Sensex rose 521.16 points, or 0.67%, to 78,285.07, while the Nifty gained 159.50 points, or 0.66%, to 24,430.35. Mid-cap and small-cap indexes also advanced. Gains in financials and industrial names were partly offset by weakness in Kotak Mahindra Bank after slower loan and deposit growth, and by softer IT stocks on concerns about AI-driven pricing pressure and weak client demand. Overall, the article points to a broadly constructive market backdrop for Indian risk assets, with lower oil prices and improved earnings expectations driving the rally.