Sensex surges over 760 points as FMCG and IT drive market rally on RBI dividend hopes

Indian equity markets rebounded strongly on Friday, with Sensex and Nifty gaining nearly 1% driven by heavyweight stocks and positive sentiment around a potential record RBI dividend. While the market recovered some weekly losses, concerns remain about FII outflows and US fiscal health. Sector-wise, FMCG and IT stocks led the gains.