Indian stock markets bounced back on Friday after three days of losses, as easing Middle East tensions brought investor relief.
The United States said it remains open to talks with Iran and will decide on support for Israel within two weeks. This announcement calmed investor sentiment and triggered a broad rally.
Both the Sensex and Nifty opened strong and sustained gains through the day.
The Sensex closed at 82,408.17, up by 1,046 points or 1.29 per cent. It touched an intra-day high of 82,488.21. The Nifty rose 319.95 points or 1.29 per cent to end at 25,112.4.
Vinod Nair of Geojit Investments Limited said the easing of Middle East tensions reduced the risk of immediate military action. He noted that expected US-Iran dialogue and a fall in crude oil prices boosted market sentiment.
Maruti Suzuki India was the only loser on the Sensex. Bharti Airtel led the gainers with a 3.27 per cent surge. Other major gainers included Mahindra & Mahindra, Power Grid, and Nestlé India.
The Nifty Midcap 100 rose by 1.46 per cent, while the Nifty Smallcap 100 index gained 1.01 per cent. All NSE sectoral indices ended in the green. Nifty Realty topped with a 2.11 per cent gain.
Banking stocks drew strong interest. Bank Nifty, Nifty PSU Bank, and Nifty Private Bank each rose over 1 per cent. Other sectors like Financial Services, Metal, Auto, and Healthcare also ended with gains above 1 per cent.
Sundar Kewat of Ashika Institutional Equity said market sentiment remains upbeat. He highlighted firm participation across sectors and from broader market players.
Market volatility declined. India VIX fell 4.08 per cent to settle at 13.67. The rupee appreciated by 0.15 to close at 86.57, supported by weaker crude prices and a soft dollar index.
Jateen Trivedi of LKP Securities said steady FII and DII inflows have limited the rupee’s downside despite recent global tensions.
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