Synopsis : Indian markets recovered from early weakness as investors engaged in strong dip-buying ahead of key GDP data.
Sensex and Nifty regained momentum, although broader markets and select sectors continued to remain under pressure.
Stock Market LIVE: Sensex Up 200 Points, Nifty Above 26,250; Broader Markets in Red
Benchmark indices staged a smart recovery on Friday, reversing morning losses as traders adopted a buy-on-dips strategy. Market sentiment remained cautiously optimistic ahead of the Q2FY26 GDP data, expected later in the day, which is likely to shape near-term economic expectations.
At 11:00 AM, the BSE Sensex climbed 202.88 points (0.24%) to 85,923.26, while the Nifty50 advanced 40.8 points (0.16%) to trade at 26,256.35.
Market Movers : Who Lifted the Indices?
Gains were led by heavyweight stocks including:
M&M
Tech Mahindra
Reliance Industries
Titan Company
SBI
Maruti Suzuki
HUL
Tata Motors PV
Sun Pharma
These outperformers helped cushion the early downside and pushed the benchmarks into positive territory.
However, losses in Asian Paints, Power Grid, Adani Ports, Axis Bank, Infosys, Eternal, HDFC Bank, and Tata Steel restricted further upside.
Broader Markets Remain Weak
Contrary to the benchmark recovery, the broader markets struggled:
Nifty MidCap Index: Down 0.16%
Nifty SmallCap Index: Down 0.36%
Both indices had hit fresh intraday highs on Thursday along with the benchmarks, underscoring recent volatility.
Sectoral Snapshot
Sector performance stayed mixed across the board:
Top Gainers:
Nifty Auto: +0.5%
Nifty FMCG: +0.16%
Nifty Metal: +0.13%
Top Loser:
Nifty Private Bank: -0.15%
Meanwhile, market volatility moderated, with India VIX easing by 5%, indicating improved risk appetite.
Disclaimer : This article is for informational purposes only and should not be considered financial or investment advice. Markets are subject to risks; please consult a certified financial advisor before making investment decisions.
