Auto, Tech & Adani Drive Market Rally as Nifty Breaches 24,500, Sensex Soars 850 Points

Synopsis : Indian stock markets witnessed a sharp rally on Friday with Nifty crossing 24,500 and Sensex surging over 850 points, powered by gains in auto, tech, and Adani Group stocks. Strong buying at lower levels and global cues buoyed investor sentiment.

Markets Surge as Bulls Take Charge; Sensex Jumps 850 Points, Nifty Hits 24,500

After opening on a flat note, Indian equity benchmarks roared back to life in Friday’s session, driven by strong gains in auto, tech, and Adani Group stocks. The Nifty 50 rose 160 points from its open to trade above the 24,500 mark, while the Sensex surged over 850 points to touch 81,100, a rise of 1.04%.

The rally followed a sharp rebound after Thursday’s late-session sell-off was aggressively bought into, reaffirming 24,200 as a critical support level, as noted by Akshay Chinchalkar, Head of Research at Axis Securities.

Top gainers in early trade included Adani Ports, Maruti Suzuki, Axis Bank, Hindalco, and Trent, reflecting strong investor appetite in both cyclical and defensive segments.

The Bank Nifty also showed strength, opening 450 points higher at 55,555.55, signaling resilience in the financial space. Meanwhile, Nifty Midcap 100 added 90 points, underlining broader market participation.

Geopolitical tensions, however, remained a cautionary undertone. Following the Pahalgam terror attack, PM Modi chaired multiple high-level security meetings and gave the Armed Forces full operational flexibility to respond to emerging threats from across the border.

Globally, Asian markets were mixed. Japan’s Nikkei 225 gained nearly 1%, while South Korea’s Kospi slipped 0.5%. Australia's ASX 200 traded slightly lower, and crude oil prices edged higher, with WTI up 0.54% and Brent climbing 0.55%.

As technical indicators turn bullish, investors now eye the 24,800 resistance level on the Nifty, while tracking geopolitical developments and commodity prices closely.

Disclaimer : This content is intended for informational purposes only and should not be construed as financial or investment advice. Always consult a professional advisor before making investment decisions.