Indian equity markets ended the week on a positive note on Friday. Encouraging cues lifted market sentiment. These followed the RBI’s upward revision of its growth projection for the economy for the first half of FY27.
At the closing bell, the Sensex gained 266 points, or 0.32 per cent, to settle at 83,580, while the Nifty rose 50 points, or 0.20 per cent, to close at 25,693.
The broader market indices underperformed the frontline benchmarks, reflecting cautious participation beyond large-cap stocks.
The Nifty Midcap 100 index slipped 0.02 per cent, while the NSE Small Cap 100 declined 0.27 per cent by the end of the session.
Sectoral performance remained mixed. Consumer-focused stocks led the gains, with the Nifty FMCG index surging 2.27 per cent and the Nifty Consumer Durables index rising 0.96 per cent.
Private banking and real estate stocks also saw moderate buying, with both sectors gaining 0.63 per cent each.
On the flip side, technology stocks faced selling pressure, as the Nifty IT index fell 1.47 per cent. The Nifty Pharma index also ended lower, down 0.72 per cent.
Market participants said equities traded within a range as investors assessed the RBI’s decision to keep interest rates unchanged.
The central bank reiterated its preference for stability amid improving global trade visibility following recent adjustments to US tariffs.
Sentiment improved later in the session. This followed the RBI’s signal that banks would be allowed to lend to real estate investment trusts (REITs). The move will likely enhance long-term funding visibility for the real estate and credit ecosystem.
Additional support came from a mild recovery in the Indian rupee. This was aided by moderated corporate dollar demand, easing near-term currency concerns.
Bank Nifty posted a measured rebound after defending the 59,600–59,650 demand zone, indicating buying interest and short covering at lower levels.
“We expect the consolidation to continue with a positive bias as long as the Nifty holds above the 25,400 level,” said Ajit Mishra, SVP, Research, Religare Broking Ltd.
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