Benchmark Indian stock indices ended higher on Friday, led by gains in information technology (IT) stocks, even as investor sentiment remained cautious ahead of the looming US tariff deadline.
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S&P BSE Sensex: Up by 193.42 points to 83,432.89
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NSE Nifty: Gained 55.70 points to 25,461.00
Market Commentary:
Vinod Nair of Geojit Investments noted that the markets are in a consolidation phase, with investors adopting a wait-and-watch strategy. Mixed global cues and the impending trade decision with the US are keeping participants cautious.
He added:
“Ongoing FII outflows reflect a risk-off approach, while DII inflows are offering partial support. Indices are near peak valuations, so further upside depends on Q1 earnings and trade deal clarity.”
Top Gainers:
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Bajaj Finance: +1.60%
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Infosys: +1.36%
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Hindustan Unilever: +1.19%
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ICICI Bank: +1.15%
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HCL Technologies: +0.92%
Top Losers:
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Trent: -11.93%
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Tata Steel: -1.72%
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Tech Mahindra: -1.07%
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Maruti Suzuki: -0.87%
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Adani Ports: -0.42%
Sectoral Performance:
Most sectors closed higher:
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Nifty Oil & Gas: +1.05%
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Nifty Realty: +0.91%
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Nifty Pharma: +0.81%
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Nifty IT: +0.80%
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Nifty Healthcare, Media, Financial Services, FMCG, PSU Bank, Private Bank, Consumer Durables: all posted moderate gains.
Only two sectors declined:
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Nifty Metal: -0.45%
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Nifty Auto: -0.10%
Broader Indices & Volatility:
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Nifty Midcap 100: Flat at -0.01%
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Nifty Smallcap: +0.03%
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India VIX: -0.56%, indicating lower market volatility
Outlook:
Ajit Mishra of Religare Broking said the US-India trade negotiations are being closely watched and could act as a catalyst for the next leg of market movement.
“We recommend a ‘buy on dips’ approach unless Nifty breaks below the 25,200 level, with focus on selective stock opportunities.”
