Sensex surges over 400 points, Nifty tops 25,100; Auto stocks outperform

Indian benchmarks advanced on Friday, with the Nifty 50 extending its winning streak to an eighth consecutive session, buoyed by global cues. Softer U.S. jobs data offset hotter-than-expected inflation, strengthening expectations of Federal Reserve rate cuts. Optimism around a potential revival in India–U.S. trade ties also lifted sentiment. Most sectoral indices traded in positive territory, led by gains in metals, IT, and realty, signaling broad-based market strength. Banking and FMCG counters, however, faced mild selling pressure amid cautious investor mood. The deadline to file Income Tax Returns (ITR) for FY 2024–25 (AY 2025–26) is 15 September 2025, according to the Press Information Bureau (PIB), Government of India. Corporate Update

announces share buyback at a 19% premium. Should investors consider buying, holding, or booking profits? IPO Highlights Urban Company IPO: Oversubscribed 14.6 times; grey market premium (GMP) indicates ~42% listing gains. Apply or avoid? Shringar House of Mangalsutra IPO (Day 3): Subscribed over 8 times; GMP at 17%. Worth a bet? Dev Accelerator IPO (Day 3): Subscribed 22 times on strong retail demand; GMP around 13%. Should you apply? Global Market Snapshot S&P 500 futures: Flat (12:35 p.m. Tokyo time) Nikkei 225 futures (OSE): +0.8% Topix (Japan): +0.6% S&P/ASX 200 (Australia): +0.7% Hang Seng (Hong Kong): +1.4% Shanghai Composite: +0.2% Euro Stoxx 50 futures: +0.1%