Indian stock markets opened strong on Friday. The Sensex gained over 300 points, and the Nifty moved above 25,950, showing improved sentiment after a weak start to the week.
The rally was led by big gainers such as Larsen & Toubro (L&T), ICICI Bank, Bharti Airtel, HDFC Bank, and Reliance Industries. These stocks saw good buying interest and helped lift the overall market.
On the other hand, a few sectors saw pressure. IT stocks, FMCG companies, and some pharma shares were among the early losers, with mild profit-booking dragging them down.
Global cues also supported the market. Positive trends in US and Asian markets, along with improved optimism after the US Federal Reserve’s interest rate cut, boosted investor confidence. This encouraged buying in banks, capital goods, and telecom stocks.
Investors are now watching for India’s inflation data, expected later in the day, which could influence market direction.
Overall, the markets recovered well, with strong gainers in banking and engineering stocks outweighing minor losses in IT, FMCG, and pharma sectors.
Also Read: Sensex up 427 points, Nifty near 25,900