Indian equity markets opened on a strong note on Friday, with benchmark indices Sensex and Nifty posting sharp early gains, supported by a rally in information technology stocks and improving global investor sentiment following weaker-than-expected U.S. employment data.
The BSE Sensex surged 545.89 points to 78,048.01 during early trade, while the NSE Nifty 50 climbed 173.85 points to 24,346.90.
The rally was led by technology and metal stocks, with HCLTech, Tech Mahindra, Tata Consultancy Services (TCS), Tata Steel, Bajaj Finserv, and Bharat Electronics emerging among the top gainers on the Sensex. On the other hand, Mahindra & Mahindra, State Bank of India (SBI), NTPC, and InterGlobe Aviation traded in the red during the session.
Global cues remained supportive as major Asian markets, including Japan’s Nikkei 225, South Korea’s Kospi, Hong Kong’s Hang Seng, and Shanghai Composite, traded higher. Overnight, U.S. markets delivered a mixed performance, with the Dow Jones Industrial Average gaining 1.14%, while the Nasdaq Composite slipped 0.80% and the S&P 500 ended largely unchanged.
Market experts attributed the positive momentum to easing concerns over aggressive monetary tightening in the United States after softer-than-expected jobs data strengthened expectations that the U.S. Federal Reserve may adopt a more accommodative policy stance. Additionally, continued progress in U.S.-Iran diplomatic discussions has eased fears of disruptions to global energy supplies, further improving investor sentiment.
Ponmudi R, CEO of Enrich Money, said the combination of easing geopolitical tensions and expectations of a less hawkish Federal Reserve has provided fresh support to global risk assets, benefiting emerging markets such as India.
Brent crude, the international oil benchmark, was trading 0.63% higher at $72.25 per barrel. Analysts believe that oil prices remaining well below recent conflict-driven highs continue to provide macroeconomic support for India by helping contain inflation and reducing import costs.
V.K. Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said India’s relative market outperformance has also been aided by moderating foreign institutional investor (FII) outflows and lower crude oil prices. However, he cautioned that sustained market gains would ultimately depend on stronger corporate earnings and underlying economic fundamentals.
According to exchange data, Foreign Institutional Investors (FIIs) remained net sellers on Thursday, offloading equities worth ₹311.82 crore.
In the previous trading session, the Sensex had gained 579.48 points (0.75%) to close at 77,502.12, while the Nifty advanced 169.85 points (0.71%) to settle at 24,175.70, extending the market’s recent upward momentum.
Disclaimer: This report has been editorially prepared using publicly available information and agency inputs. While every effort has been made to ensure accuracy, unintentional errors or omissions may occur. Readers are encouraged to verify critical information from official sources.
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