Benchmark indices Sensex and Nifty turned positive on Friday, clawing back from early declines as investors bought on dips ahead of the release of India’s Q2 FY26 GDP data later today.
The Sensex climbed 101 points to 85,821, up 0.12 per cent, while the Nifty rose 35 points to 26,251, a gain of 0.14 per cent. Analysts suggested that the Nifty is likely to remain range-bound, with near-term resistance at 26,300–26,350 and support around 26,050–26,100, indicating potential buying opportunities on dips.
Investors drove the rebound by buying major blue-chip stocks such as Mahindra & Mahindra, Tech Mahindra, Titan, SBI, Maruti Suzuki, Hindustan Unilever, Tata Motors PV, and Sun Pharma, helping the market recover from its morning losses.
However, gains were limited due to declines in shares of Asian Paints, Power Grid, Adani Ports, Axis Bank, Infosys, Eternal, HDFC Bank, and Tata Steel, which restrained broader upward momentum.
Broader Market Remains Mixed
The broader market showed a cautious sentiment, with the Nifty MidCap index slipping 0.16 per cent and the Nifty SmallCap index down 0.36 per cent.
Among sectoral indices, Nifty Auto led the gains with a 0.5 per cent rise, followed by Nifty FMCG up 0.16 per cent and Nifty Metal up 0.13 per cent. Conversely, the Nifty Private Bank index declined 0.15 per cent, slightly weighing on overall market performance.
India VIX, the volatility gauge, stood at 11.79, reflecting a low-volatility environment and subdued expectations for sharp short-term swings.
Market experts highlighted that retail investors aiming to participate in the anticipated 2026 rally, driven primarily by higher earnings growth, should focus on large-cap stocks and quality mid-caps with strong growth potential.
The market movement comes a day after both indices touched fresh all-time intra-day highs on Thursday, with the Sensex crossing 86,000 and the Nifty surpassing 26,300 for the first time.
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