Indian benchmark indices opened on a positive note on Friday, with the Sensex rising over 300 points in early trade and the Nifty moving above the 23,700 mark, supported by strong buying in banking and financial stocks. Improved global cues and easing concerns over crude oil prices boosted investor sentiment, although traders remained cautious amid continuing geopolitical developments and volatility in international energy markets.
As trading progressed, the market extended gains with buying activity strengthening across major sectors. The Sensex gained more than 500 points during intraday trade, while the Nifty crossed the 23,750 level. Analysts said investors responded positively to stable domestic indicators and encouraging global market signals.
Banking and financial stocks emerged as the key drivers of the rally. Major lenders including HDFC Bank, ICICI Bank and State Bank of India witnessed strong buying support, helping sustain market momentum. Investors remained optimistic about the sector due to expectations of continued economic growth and strong institutional participation.
Several other sectors also witnessed selective buying as traders reacted to corporate earnings and broader economic indicators. However, gains remained limited in some segments because of concerns surrounding international oil prices and uncertainty in global markets.
Crude oil continued to remain under close watch during the session. Prices witnessed fluctuations as markets assessed developments linked to US-Iran discussions and concerns over the Strait of Hormuz, one of the world’s most important oil transport routes. Any disruption in the region could significantly affect global supply and influence oil-importing countries such as India.
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