On Friday, Indian benchmark stock indices ended the week with a sharp rally, buoyed by easing geopolitical tensions and strong buying across key sectors. The S&P BSE Sensex surged 1,046.30 points to close at 82,408.17, and the NSE Nifty50 rose 319.50 points to finish at 25,112.40, marking gains of over 1% each.
Investor sentiment improved after reports suggested a likely dialogue between the US and Iran, reducing the risk of immediate military escalation in the Middle East. This in turn led to a correction in crude oil prices, benefiting Indian markets and encouraging foreign inflows.
According to Vinod Nair of Geojit Financial Services, the decline in oil prices and improving macros helped drive the rally. He noted strong interest in rate-sensitive and consumer-oriented sectors, boosted by expectations of:
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Rate cuts
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Lower inflation
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Rebound in consumer spending
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Strong Q1 FY26 earnings
The broader markets reflected the same bullish sentiment:
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Nifty Midcap 100: ▲ 1.46%
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Nifty Smallcap: ▲ 1.01%
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India VIX (volatility index): ▼ 4.08%
Sectoral Highlights:
All 13 sectoral indices on the NSE closed in the green:
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Nifty Realty: ▲ 2.11% (Top gainer)
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Nifty PSU Bank: ▲ 1.64%
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Nifty Financial Services: ▲ 1.49%
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Nifty Metal: ▲ 1.39%
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Nifty Healthcare: ▲ 1.07%
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Nifty Auto: ▲ 1.04%
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Nifty Private Bank: ▲ 1.03%
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Nifty Oil & Gas: ▲ 0.91%
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Nifty IT: ▲ 0.84%
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Nifty Pharma: ▲ 0.80%
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Nifty Consumer Durables: ▲ 0.73%
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Nifty FMCG: ▲ 0.64%
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Nifty Media: ▲ 0.35%
Maruti Suzuki was the lone notable laggard on the Sensex, slipping just 0.02%.
The rally marked a broad-based recovery, with Realty and PSU banks leading the charge, reflecting increased optimism across all segments of the market.
