The BSE Sensex rose by 303.03 points, or 0.36 per cent, to close at 84,058.90, trading between 83,645.41 and 84,089.35 during the session, officials said
The Nifty continued to move higher as investor confidence remained strong. Representational Pic/File/iStock
Stock markets ended the week on a positive note, with benchmark indices hitting a nine-month high on Friday, according to the IANS.
The upbeat sentiment was driven by easing geopolitical tensions in West Asia and reports suggesting a potentially strong India–US trade agreement, which boosted investor confidence and encouraged buying.
The BSE Sensex rose by 303.03 points, or 0.36 per cent, to close at 84,058.90, trading between 83,645.41 and 84,089.35 during the session.
It marked the fourth consecutive day of gains for the Sensex, reflecting a steady upward trend. The NSE Nifty 50 followed suit, climbing 88.80 points, or 0.35%, to finish at 25,637.80. It moved in a range of 25,523 to 25,654 during intra-day trade, according to the IANS.
“The Nifty continued to move higher as investor confidence remained strong. With no major resistance expected before 25,750–25,800, the index may continue to trend upwards,” said Rupak De, Senior Technical Analyst at LKP Securities, the news agency reported.
He added that a buy-on-dips approach may be advisable at current levels, given the recent rally. Support is seen around 25,500; a break below this level could lead to consolidation.
The Sensex had previously touched the 84,000 mark in October 2024, while the Nifty had hit 25,639 on 3 October last year.
Broader markets also showed strength. The Nifty Midcap100 index gained 0.27 per cent, while the Nifty Smallcap100 outperformed, rising 0.91 per cent, indicating sustained investor interest beyond blue-chip stocks.
Among sectoral indices, most ended in positive territory. Only the Nifty Consumer Durables, Realty, IT, and FMCG indices closed in the red.
The Nifty Oil & Gas index led the pack, surging 1.19 per cent, outperforming both the benchmark and other sectoral indices.
Market volatility cooled, with the India VIX -- often referred to as the market’s fear gauge -- slipping 1.60 per cent to 12.39, suggesting growing investor confidence in short-term market stability.
Meanwhile, the Indian stock markets are more likely to rise than fall in the third quarter of the financial year 2026 (Q3 FY26), Morgan Stanley said in a note on Friday.
The global brokerage remains bullish on Indian equities, expecting strong growth data, supportive moves by the Reserve Bank of India (RBI), and better-than-expected corporate earnings to push the market higher from July onwards.
According to the firm, India is showing signs of steady improvement. Government spending is increasing, and the RBI appears to be moving towards a more supportive or ‘dovish’ policy stance.
This, combined with easing inflation, is creating a good environment for the stock market.
The brokerage also believes that lower interest rates will help banks lend more, boosting lending growth.
(with IANS inputs)
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