Dalal Street ended the week on a positive note as benchmark indices closed higher on Friday, shaking off a choppy start triggered by global uncertainty.
The S&P BSE Sensex rose 316.57 points to end at 82,814.71, while the Nifty50 gained 116.90 points to settle at 25,571.25. Broader market indices also recovered well through the afternoon, lifting overall sentiment.
Hindalco, NTPC, L&T, SBI Life and HUL were among the top performers of the day, helping the market regain its footing after early weakness. On the other hand, the session remained tough for Kwality Wall’s, Eternal, Infosys, Tech Mahindra and Grasim, which ended in the red.
Ponmudi R, CEO of Enrich Money, said the market managed a stronger rebound than expected. According to him, buying interest picked up steadily across several sectors including power, metals, PSU banks, capital goods, FMCG and financials.
Investors used the dip to accumulate quality stocks, which helped reverse the sluggish mood seen earlier in the day. He added that despite the recovery, near-term caution still persists due to the ongoing US–Iran tensions and mixed global cues, keeping overall trading conditions range-bound and choppy.
The Nifty50 closed near the 25,600 mark after recovering from intraday selling pressure, though it continues to face resistance near the upper end of its current consolidation zone.
Traders note that the index is hovering around a cluster of key short-term moving averages between 25,580 and 25,680, a region that will likely determine the next decisive move.
Immediate support lies near 25,500, with a stronger base forming around the 25,400–25,380 band. On the upside, 25,660–25,700 remains an important hurdle.
A sustained move above 25,700–25,800 could open the door for fresh bullish momentum toward the 26,000 level. For now, momentum indicators remain neutral, suggesting a range-bound market with a slightly positive bias as long as the index holds above key support levels.
