Equity markets opened on a positive note on Friday, where the BSE Sensex climbed over 200 points during the opening session, while the NSE Nifty 50 comfortably traded above the 26,000 mark. Buying interest was seen across several sectors, with financial, IT and auto stocks leading the gains, although profit booking in select heavyweight shares limited the overall upside.
Market participants said improving domestic sentiment and steady corporate earnings expectations helped support equities. Investors also tracked global developments, including movements in US markets, commodity prices and expectations around interest rates, which continue to influence trading sentiment.
Among the major gainers were leading banking and financial stocks, while select technology companies also attracted buying amid hopes of stable demand in overseas markets. Auto shares advanced on expectations of healthy sales and improving consumer demand.
Foreign institutional investor (FII) activity and domestic institutional buying remained in focus as traders assessed fund flows. Analysts said sustained domestic inflows continue to provide support to Indian equities, even as global investors remain cautious because of geopolitical developments and uncertainty over the US Federal Reserve’s policy outlook.
Meanwhile, the Indian rupee strengthened modestly against the US dollar in early trade, offering additional support to market sentiment. Investors also kept a close watch on crude oil prices, as any sharp movement could influence inflation and corporate earnings.
Market experts expect volatility to remain elevated in the coming sessions, with investors awaiting fresh corporate earnings, macroeconomic data and global cues for further direction. Stock-specific action is likely to continue as companies begin announcing their quarterly financial results.