In a stunning reversal, India’s equity benchmarks ended Friday’s session on a high note, recovering from heavy losses the previous day and initial dips. Public sector banks and metal counters drove the rally, lifting market sentiment significantly.
BSE Sensex closed at 82,814.71, marking a gain of 316.57 points or 0.38%. The NSE Nifty followed suit, rising 116.90 points or 0.46% to 25,571.25. Notably, all Nifty indices barring IT finished higher by market close.
Global cues from US-Iran friction pressured Asian peers, yet Indian markets bucked the trend with solid domestic buying. Midcap 100 index advanced 0.48%, though Smallcap 100 edged down 0.11%.
PSU Banks topped sectoral charts with 1.68% growth, Nifty Metal close behind at 1.25%. Nifty Auto (+0.41%), FMCG (+0.56%), and Bank (+0.71%) also posted healthy rises, contrasting IT’s 0.98% slide.
Sensex saw 22 gainers against 8 decliners. Standouts included NTPC, L&T, HUL, Tata Steel, Power Grid, and BEL with up to 2.7% increases. Laggards were Tech Mahindra, Infosys, Eternal, HCL Tech, and Bharti Airtel.
The session highlights the market’s ability to rebound swiftly, fueled by robust performances in banking and metals, offering hope amid international uncertainties.