The benchmark equity indices saw gains on Friday, driven by robust buying in IT, realty, pharma, and healthcare sectors. The Nifty rose by 95.15 points to reach 24,270.85, while the Sensex climbed 262.79 points to 77,763.91. Analysts highlighted that the immediate resistance for Nifty stands at the 24,400 level.
Experts mentioned that a sustained breakout above this level could strengthen bullish momentum, potentially leading to an advance towards the 24,500–24,600 region. They also noted that the 24,200 level is likely to offer immediate support, with the 24,000 mark being a crucial support zone. Notable performers on the Nifty included HCLTech, Max Healthcare Institute, and Apollo Hospitals Enterprise, with healthcare and technology sectors driving the market upwards.
While the broader market displayed mixed performance, the Nifty MidCap index declined by 0.19%, whereas the Nifty SmallCap index inched up by 0.04%. The Nifty Realty index emerged as the top-performing gauge during the session, with the Nifty IT, Pharma, and Healthcare indices also showing positive trends. However, the Nifty PSU Bank index experienced the most significant sectoral decline, impacting overall market sentiment despite strength in other segments.
Market analysts attributed the market’s positive closure to supportive global cues and expectations of a more accommodative global rate environment following softer US labor market data. Looking ahead, the focus is expected to shift towards Q1 FY27 earnings season and management commentary, particularly amidst concerns over a widening monsoon deficit.
