07.07.202604:40:26UTC+00Sensex Climbs for Fifth Straight Day

India’s BSE Sensex inched up 0.2% to 78,412, extending its winning streak to a fifth straight session, as steady foreign fund inflows and optimistic corporate business updates helped counter caution ahead of the June-quarter earnings season. Sentiment was underpinned by sustained foreign portfolio investor (FPI) buying, with overseas investors remaining net buyers for a fourth consecutive session, aided by easing crude oil prices and favourable monsoon progress.

Trading was driven largely by stock-specific action following pre-earnings business updates. Titan rose 3.4% after reporting strong growth in its consumer business, led by robust jewellery sales, while Jubilant FoodWorks climbed 3.2% on the back of higher consolidated revenue.

On the downside, Trent slumped 11.1% after its quarterly revenue growth fell short of some market expectations. Among other notable movers, IOL Chemicals surged 18.9%, RITES advanced 8.3%, and Ramco gained 6.3%. Major laggards included Kalyan, down 6.8%, Apollo, which slipped 5.0%, and BSE, which declined 3.8%.