Indian equities scripted an inspiring recovery story on Friday, erasing early losses and the scars of Thursday’s rout to end the trading week on a triumphant note. PSU banks and metal counters drove the rally, injecting vitality into the indices.
The BSE Sensex closed at 82,814.71, up 316.57 points or 0.38%. The NSE Nifty mirrored the optimism, advancing 116.90 points or 0.46% to 25,571.25. At the closing bell, Nifty’s landscape was predominantly green, barring the IT sector.
Even as US-Iran tensions cast a shadow over Asian bourses, Indian markets bucked the trend. Midcaps outperformed with Nifty Midcap 100 rising 0.48%; smallcaps were flat to negative at -0.11%.
Sector highlights included Nifty PSU Bank (+1.68%), Nifty Metal (+1.25%), Nifty Auto (+0.41%), Nifty FMCG (+0.56%), and Nifty Bank (+0.71%). Nifty IT was the outlier, shedding 0.98%.
Sensex saw 22 advances against 8 declines. Top performers: NTPC, L&T, HUL, Tata Steel, Power Grid, BEL (gains to 2.7%). Notable decliners: Tech Mahindra, Infosys, Eternal, HCL Tech, Bharti Airtel.
This session reflects astute investor positioning in undervalued segments, offering hope amid international uncertainties. As traders head into the weekend, sentiment remains cautiously optimistic, with eyes on global cues and domestic data.