Benchmark Indices Rebound Sharply; Nifty Reclaims 25,000, Sensex Surges Over 1,000 Points
Nifty Logs Biggest Daily Gain in a Month; Broad-Based Rally Lifts Sentiment
Indian equity markets bounced back sharply on Friday, ending a three-day losing streak with strong gains. The Nifty 50 jumped over 1 per cent to reclaim the 25,000 mark, its best single-day performance in more than a month. The Sensex surged by over 1,000 points to close above 82,400. Volatility eased as the India VIX declined 4 per cent to finish below the 14 level, reflecting improved investor sentiment.
The rally was supported by a combination of global and domestic factors. A reduction in geopolitical tensions in the Middle East improved global risk appetite, while a favourable monsoon update from the India Meteorological Department — forecasting further progress of the Southwest Monsoon into Delhi and Haryana — lifted domestic confidence, particularly around rural demand and agricultural prospects.
All key sectoral indices closed in the green, with Nifty Realty leading the gains with a rise of over 2 per cent. PSU Banks also showed strong momentum. For the week, Nifty Auto rose 1.51 per cent, followed by a 1.36 per cent gain in Nifty IT.
Among the top index contributors were Bharti Airtel (40.34 points), HDFC Bank (36.06 points), and Reliance Industries (31.74 points). On the flip side, Bajaj Auto, Hero MotoCorp, and Shree Cement saw minor losses.
The broader market also participated in the rally, with the Nifty Midcap 100 gaining 1.46 per cent and the Nifty Smallcap 100 up 1.01 per cent. Market breadth remained strong, with 1,754 stocks advancing against 755 declines on the NSE.
For the week, the Nifty 50 registered a gain of 1.59 per cent, supported by improved macro sentiment and encouraging monsoon developments.
Disclaimer: The article is for informational purposes only and not investment advice.