The benchmark indices, Sensex and Nifty, showed resilience despite weak global cues and concerns over a potential recession in the US. The Sensex started the day with a sharp fall of 371 points and hit a low of 73,664. Morgan Stanley released a report predicting that the Sensex could reach 93,000 by December 2025 in its base-case scenario. Top gainers on the Nifty included Trent, Sun Pharma, ICICI Bank, Shriram Finance, and BPCL, while major losers were IndusInd Bank, Infosys, Bajaj Finserv, Power Grid Corporation, and M&M. In the currency market, the Indian rupee strengthened, ending 12 paise higher at 87.21 per dollar compared to the previous close of 87.33 as it was supported by weaker crude prices and a soft dollar index. The BSE Midcap index rose 0.7 per cent, but the Smallcap index ended down by 0. 7 per cent.