Nifty Hits New Record High as Market Rally Continues for 2nd Week; Rupee Weakens

• Indian equity indices extended gains for the second consecutive week, with Nifty hitting a new all-time intraday high of 26,340 and closing at 26,328.55.
• The rally was fueled by strong auto sales and an optimistic earnings outlook, despite geopolitical tensions and continuous FII selling.
• BSE Sensex rose 0.84% to 85,762.01; Large-Cap, Small-Cap, and Mid-Cap indices all saw increases.
• Reliance Industries, SBI, NTPC, and M&M led market value gains, while ITC, TCS, and Infosys saw declines.
• FIIs were net sellers for the week (Rs 13,180.09 crore), but DIIs provided strong support; Indian Rupee weakened to 90.19 against the dollar.

Why It Matters: Indian markets extended their rally to a second week, hitting new records despite FII selling and a weaker Rupee.