Sensex, Nifty Rebound as Banks, Metals Gain
Domestic stock markets rebounded on Friday following a sharp decline on Thursday, with both the BSE Sensex and NSE Nifty posting notable gains. Market sentiment was supported by a stronger Indian rupee, along with active buying in PSU bank and metal stocks, which helped lift investor confidence.
The BSE Sensex climbed 316.57 points, or 0.38 per cent, to close at 82,814.71, while the NSE Nifty rose 116.90 points, or 0.46 per cent, ending the day at 25,571.25. Analysts noted that this rebound indicated cautious optimism among investors, who sought to capitalize on attractive valuations following recent declines.
From a technical perspective, Hariprasad K, a SEBI-registered research analyst and founder of Livelong Wealth, highlighted that the Nifty’s immediate support level stands at 25,350. Breaking above the near-term resistance level of 25,700 could signal further upside momentum. He emphasized that traders should watch these levels closely to gauge the market’s short-term direction.
Sector-wise, banking and metal stocks were the main drivers of Friday’s rally. PSU banks drew attention due to expectations of improved earnings and positive policy developments, while metal stocks benefited from a rise in global commodity prices. Analysts believe that these sectors are likely to continue influencing market movement in the coming days.
Investors are also keeping an eye on global market trends, currency fluctuations, and economic data, which could affect domestic indices. A stronger rupee has helped offset some concerns over imported inflation, making Indian equities more attractive to foreign investors.
Overall, Friday’s session reflected a careful recovery, as traders balanced the previous day’s losses with renewed buying interest. Market participants appear to be cautiously optimistic, awaiting further cues from both domestic economic indicators and international developments before making large-scale investment decisions.
The recovery hints at a possible stabilization in the short term, but analysts caution that volatility may persist, especially if global or sector-specific news triggers sudden market reactions.