Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, closed in green on Friday after a volatile session. The stock market saw significant fluctuations, but ended in green supported by strong buying in banking and prominent stocks, following positive trends in US markets.
The NSE Nifty advanced by 55.70 points or 0.22 per cent to reach 25,461. The BSE Sensex closed at 83,432.89, rising by 193.42 points or 0.23 per cent, after experiencing substantial intraday movements.
Notable gainers amongst Sensex companies included Bajaj Finance, Infosys, Hindustan Unilever, ICICI Bank, HCL Tech, UltraTech Cement, and several others. Conversely, Trent, Tata Steel, Tech Mahindra, and Maruti registered declines.
"The tone was negative in the first half; however, a decent recovery in heavyweight stocks pared all the losses as the day progressed, helping the index close near the day's high at the 25,461 level.
"With all eyes on the impending US-India trade deal as the tariff deadline approaches, participants are hopeful for a favourable outcome, which could provide the much-needed trigger for the next leg of the market up move," Ajit Mishra - SVP, Research, Religare Broking Ltd, said.
The BSE midcap and smallcap indices showed modest gains. Sectoral performance varied, with oil & gas, energy, realty, and IT showing strength, whilst metal, telecommunication, and auto sectors declined. The BSE recorded 2,261 advancing stocks against 1,788 declining ones.
"The Indian market is experiencing a pause as investors adopt a wait-and-watch strategy ahead of the impending US tariff deadline with mixed global cues. Ongoing FII outflows reflect a risk-off approach, while DII inflows are offering partial support.
"Following the recent rally, main indices are hovering near peak valuation levels, limiting further upside, which is highly dependent on Q1 earnings and details of the trade deal," Vinod Nair, Head of Research, Geojit Investments Limited, said.
Asian markets showed mixed results, whilst European markets traded lower. US markets closed positively on Thursday. Brent crude declined 1.03 per cent to USD 68.03 per barrel.
Sebi imposed restrictions on Jane Street Group, directing them to disgorge Rs 4,843 crore for alleged index manipulation. FIIs sold equities worth Rs 1,481.19 crore, whilst DIIs purchased stocks valued at Rs 1,333.06 crore on Thursday.
"Indian equity markets opened on a flat note Friday as investors remained cautious ahead of a potential India–US trade agreement and digested regulatory action against a major global trading entity. Both indices dipped during mid-session but recovered to end on a positive note...," Gaurav Garg, Analyst, Lemonn Markets Desk, said.
Weekly performance showed the BSE benchmark declining by 626.01 points or 0.74 per cent, whilst Nifty fell by 176.8 points or 0.68 per cent.
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
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