Indian equity markets ended flat on Friday, with benchmark indices moving in a narrow range during the session.
The Sensex slipped 19.63 points, or 0.03 per cent, to close at 74,294.96, while the Nifty gained 75.80 points, or 0.33 per cent, to settle at 23,346.40.
On the technical front, the Nifty closed above 23,300 for the first time during the current recovery attempt.
Market experts said sustained trading above this level could extend the rebound towards 23,500-23,600. Support is placed at 23,200 and 23,000.
Experts said the improving technical structure and softer crude prices could support further recovery next week. However, confirmation would require the Nifty to sustain above 23,300 with broader market participation.
Buying interest emerged in select heavyweight stocks. Adani Ports and Special Economic Zone, Adani Enterprises and Bharti Airtel were the top gainers on the Nifty.
Broader markets outperformed the benchmark indices. The Nifty MidCap index rose 1.24 per cent, while the Nifty SmallCap index advanced 1.74 per cent.
Among sectoral indices, Nifty Metal, Realty, Oil and Gas, Cement and Chemical emerged as key outperformers. The Nifty IT index recorded the sharpest decline.
Experts said Indian equities extended their recovery as moderating crude prices and global yields improved risk appetite despite ongoing geopolitical uncertainty.
Positive global cues following largely anticipated policy actions by major central banks further supported investor sentiment.
Also Read: Indian Markets Open Higher As Metal & Realty Stocks Lead Gains
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