Indian equity markets opened higher on Friday as investors sought opportunities after a sharp decline in the previous session. The BSE Sensex rose over 400 points, trading near 55,800, while the NSE Nifty 50 held around 25,600 in early deals, supported by buying in select heavyweight sectors.
The market rally was driven by value buying and sector-specific strength, particularly in public sector units, banks, and energy stocks. However, IT and realty counters underperformed, limiting the overall gains amid caution over global cues and recent volatility.
Among the top gainers, Coal India Ltd surged over 1%, while Oil & Natural Gas Corporation Ltd (ONGC) also rose about 1%. Heavyweight industrial stocks such as Bharat Electronics Ltd and Larsen & Toubro Ltd advanced around 0.8% each.
On the losers’ side, major IT stocks fell sharply. Infosys Ltd dropped more than 2%, while Tech Mahindra Ltd, Kwality Walls India Ltd, HCL Technologies Ltd, and Wipro Ltd all declined over 1%, reflecting profit-taking after recent gains.
Sector-wise, the Nifty Bank index showed resilience, while midcap and IT segments dragged market breadth lower. Investors remained watchful ahead of weekly derivatives expiry and potential global triggers that could influence market direction in the coming days.
After Thursday’s sharp sell-off, Friday’s session showed tentative stability, with defensive and cyclical stocks leading the rebound.
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