Sensex, Nifty Edge Higher: FII Buying and India-US Trade Deal Fuel Market Gains

• Sensex settled at 83,817.69, up 78.55 points (0.094%), while Nifty climbed to 25,776, up 48.45 points (0.19%).
• Foreign Institutional Investors (FIIs) were net buyers, purchasing equities worth Rs 5,236.28 crore, driving market upmove.
• Dr. V K Vijayakumar of Geojit Investments noted the rally was due to FII short covering and strong cash market buying.
• India VIX, the volatility index, declined nearly 2% to 12.69, indicating reduced uncertainty and improved investor risk appetite.
• Anand James of Geojit Investments Limited suggests Nifty dips may be restricted to 25,600, with potential to test 25,923–26,020 if it moves above 25,840.