Benchmark stock market indices ended the week on a positive note, with the Sensex and Nifty making a late comeback, gaining over half a percent.
The S&P BSE added 504.86 points to end at 78,493.54, while the NSE Nifty50 gained 156.80 points to close at 24,353.55.
Vinod Nair, Head of Research, Geojit Investments Limited, said that the market closed the day higher, supported by and a reversal in FII flows into net buying.
“A ceasefire between Israel and Lebanon helped keep crude below $100/bbl, easing pressure on import-dependent economies. The rupee strengthened, aided by RBI measures and softening geopolitical tensions,” he added.
FMCG led gains, driven by price hikes, healthy business updates, and valuation comfort.
After the closing bell, Hindustan Unilever Ltd led the Sensex gainers, rising 4.70%. It was followed by Power Grid Corporation of India Ltd, which gained 1.91%. Reliance Industries Ltd moved up 1.53%, while Bharat Electronics Ltd added 1.43%. Titan Company Ltd also ended higher, rising 1.34%.
Sun Pharmaceutical Industries Ltd saw the sharpest fall, dropping 1.04%. Mahindra and Mahindra Ltd declined 0.60%, HCL Technologies Ltd slipped 0.50%, Larsen and Toubro Ltd was down 0.37%, and Eternal Ltd fell 0.14% at the close.
The rally in the market was driven by strong performances across various sectors. Investors showed confidence as they engaged in active trading, boosting the overall market sentiment.
“As the Q4 earnings season gains momentum, results will be a key litmus test for FY27 estimates,” said Nair.
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