Indian equity markets closed on a strong note, with the Sensex surging 369 points to finish at 84,997 and Nifty rising 118 points to close above 26,050. The rally came as positive global cues and optimism over a possible US-India trade deal spurred investor sentiment. Metals, oil & gas, and media sectors outperformed, while the auto index ended in the red. Midcap and smallcap indices also posted gains, and Adani Group stocks rallied sharply following healthy quarterly earnings. KP Green Energy secured a Rs 1,050 crore order from FVE Lifecare, while APL Apollo Tubes and Apar Industries delivered robust profit growth. LIC clarified there were no government instructions to invest in Adani firms, easing market concerns.
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