Indian equity markets saw an upward trend on Friday, with both the Nifty and Sensex closing higher after a brief pause. The Sensex gained 918.6 points, or 1.20%, ending the trading session at 77,550.25. Similarly, the Nifty closed at 24,050.6, up by 275.5 points or 1.16%.
The market rally was supported by heavyweight stocks like Asian Paints, Eicher Motors, Bajaj Auto, and Shriram Finance, driving gains in the frontline indices. Beyond large-cap stocks, the broader markets also performed well, with the Nifty MidCap index rising by 1.48% and the Nifty SmallCap index by 1.67%.
While the Nifty IT index emerged as the top gainer due to increased buying interest in technology stocks, sectors like Nifty Auto, Nifty Bank, and Nifty Financial Services lagged behind. Analysts noted a cautiously optimistic market sentiment, with traders balancing geopolitical concerns and domestic buying support.
Early trading saw both benchmarks opening higher, mirroring global market gains despite geopolitical tensions. The Sensex touched an intra-day high at 77,622.50, and the Nifty surged to 24,074.05. The Sensex opened at 77,121, up 0.64%, while the Nifty started at 23,880, gaining 0.44%.
