Indian stock markets extended their upward momentum on Friday, with the Sensex gaining around 262 points to close at 77,764 and the Nifty 50 rising more than 95 points to end above 24,270. According to reports from The Economic Times, the sharp gains added nearly ₹44,155 crore to the total market capitalisation of all companies listed on the BSE, taking it to ₹480 lakh crore. The markets closed higher despite intermittent volatility and profit-booking, supported by favorable global cues and growing expectations of a more accommodative global rate environment.
As reported by The Economic Times, the upward trend was fueled by easing tensions in the Middle East, reduced expectations of US Federal Reserve rate hikes, and positive domestic factors. Vinod Nair, Head of Research at Geojit Investments, noted that sentiment was further lifted by positive outcomes from the India–Japan Summit and the continued recovery in the IT sector. The analyst emphasized that softening crude oil prices remain a key macro tailwind, supporting the inflation outlook, external balances, and overall economic stability. Markets are expected to maintain a buy-on-dips approach, with earnings quality and global developments, including progress on the US–India FTA, remaining key monitorables.
According to Rupak De, Senior Technical Analyst at LKP Securities, as reported by The Economic Times, Nifty has registered a consolidation breakout on the daily chart, indicating improving market sentiment. The index continues to sustain above the crucial 50-day EMA, reinforcing the positive short-term trend. The RSI has witnessed a bullish crossover, adding further strength to the momentum. Going forward, Nifty appears well-positioned to advance towards 24,500 and potentially higher, with immediate support placed at 24,200, followed by the stronger support zone around 24,000.
As reported by The Economic Times, out of 3,436 stocks traded on the NSE on Friday, 1,823 advanced, 1,513 declined, while 100 remained unchanged. The sentiment meter favors bulls with the majority of stocks showing positive movement. Among the most active stocks in terms of turnover were Policy Bazaar (₹3,694 crore), Zensar Tech (₹3,082 crore), CG Power (₹2,233 crore), ABB Power (₹2,137 crore), HDFC Bank (₹2,077 crore), ICICI Bank (₹1,822 crore), and GE T&D India (₹1,700 crore). In volume terms, Vodafone Idea (31.05 crore shares), Ola Electric Mobility (9.65 crore), Yes Bank (8.60 crore), Suzlon Energy (7.10 crore), and Zensar Tech (6.07 crore) were among the most actively traded stocks.
According to The Economic Times, stocks showing buying interest included Sumitomo Chemical, Zensar Tech, Aegis Vopak Terminals, eClerx Services, HCL Tech, Kaynes Technology, and M&M Financial. Among the stocks that hit their 52-week highs were Aurobindo Pharma, Nuvama Wealth Management, Oberoi Realty, Aadhar Housing Finance, Cadila Healthcare, Anand Rathi Wealth, and Ipca Laboratories. Conversely, stocks witnessing significant selling pressure included GE T&D India, ABB Power, Siemens Energy India, CG Power, Union Bank of India, Thermax, and Apar Industries.
