Quarter‑one earnings boost confidence despite slight weekly dip

Strong first‑quarter earnings guidance from the banking and information‑technology sectors has reinforced investor confidence ahead of the FY 2026‑27 earnings season. The optimism offset the brief weekly dip caused by geopolitical headlines.

Foreign Institutional Investors (FIIs) remained net buyers for most trading sessions, pouring roughly ₹4,670 crore into Indian equities during the week. Their continued interest is expected to sustain liquidity if corporate results meet or exceed expectations.

Real‑estate, consumer durables and IT led sectoral gains, while media, FMCG and chemicals lagged. Mid‑cap and small‑cap stocks outperformed their large‑cap peers, recording gains of 1.36% and 1.26% respectively.

Technical levels suggest the Nifty could encounter resistance near 24,300, with immediate support around 24,100 and a secondary floor at 24,000. Bank Nifty is likely to find support between 57,700‑57,800 and may test resistance in the 58,200‑58,300 band.