The Indian stock markets closed the week on a strong note, with benchmark indices rallying led by robust gains in IT, FMCG, and financial sectors. The S&P BSE Sensex surged 769 points to finish at 81,721, while the NSE Nifty50 climbed 243 points to 24,853.
Market optimism was boosted by encouraging news on the US-China trade front, where both countries agreed to maintain open communication channels, easing concerns over a potential escalation. However, gains were somewhat limited due to worries about foreign fund outflows amid rising US Treasury yields and a weakening US fiscal outlook.
Among the top gainers, Eternal Company led with a 3.5% rise, followed by Power Grid (+2.5%), ITC (+2.4%), Bajaj Finserv (+2.1%), and Nestle India (+1.8%). Sun Pharmaceutical was the lone major loser, slipping nearly 2%.
Broader market segments showed healthy momentum as well: the Nifty Midcap100 rose 0.64% and the Smallcap100 gained 0.8%, reflecting widespread buying interest beyond the large caps. The India VIX, a gauge of market volatility, edged lower by 0.11%, suggesting easing nervousness among investors.
Sector-wise, FMCG stocks outperformed, up 1.63%, followed by Financial Services (+1.15%) and Private Banks (+1.06%). IT (+0.95%), Oil & Gas (+0.78%), and Metals (+0.76%) also posted solid gains. Conversely, Healthcare and Pharma indices showed minor declines, down 0.01% and 0.41% respectively.
Technically, markets have found support around the 20-day exponential moving average, relieving some selling pressure. According to Ajit Mishra from Religare Broking, renewed strength in banking and financial sectors after consolidation could further bolster the recovery. He suggests maintaining a “buy on dips” approach with selective stock picking, as long as the Nifty holds above the 24,500 support level.
Overall, the week’s rally signals cautious optimism, driven by global trade developments and sectoral breadth, though investors remain watchful of foreign fund flows and macroeconomic risks.
