Markets End on a High; Sensex, Nifty at Nine-Month Peaks Amid Easing Global Tensions
Indian stock markets closed on a strong note Friday, with benchmark indices hitting nine-month highs, driven by easing geopolitical tensions in West Asia and optimism over a potential India-US trade deal.
The BSE Sensex surged 303.03 points (0.36%) to close at 84,058.90, marking its fourth straight session of gains. It moved between 83,645.41 and 84,089.35 during the day. The NSE Nifty also advanced 88.80 points (0.35%) to end at 25,637.80, trading in the range of 25,523 to 25,654.
Analysts said the Nifty remains on an upward trajectory with no major resistance seen until the 25,750–25,800 range. LKP Securities’ Rupak De suggested a buy-on-dips strategy, while noting 25,500 as a key support level.
Broader markets followed suit the Nifty Midcap100 rose 0.27%, and Smallcap100 jumped 0.91%, indicating strong interest in mid- and small-cap stocks.
Most sectoral indices ended in green, led by Nifty Oil & Gas (up 1.19%). Volatility cooled as India VIX fell 1.60% to 12.39, reflecting increased investor confidence.
