Synopsis : Indian markets extended gains on Friday, supported by a global market rally and optimism around a potential India–US trade agreement. Broader markets outperformed with strong buying in metal, realty, and financial stocks, while FMCG remained the lone laggard.
Stock Market LIVE :
Indian equity markets traded firmly higher on Friday, lifted by a global risk-on rally and rising expectations that an India–US trade deal could soon be finalised. Positive sentiment was further boosted after Prime Minister Narendra Modi and US President Donald Trump held discussions aimed at deepening economic ties between the two nations.
At 11:00 AM, the BSE Sensex rose 174 points (0.21%) to 84,993, while the Nifty50 gained 54 points (0.21%) to trade at 25,952. With improved market breadth and upbeat global cues, bulls maintained control across sectors.
Top Nifty Gainers
Key heavyweight stocks supported the rally, including:
L&T, Hindalco, Tata Steel, Ultratech Cement, Adani Ports, Bajaj Finance, BEL, NTPC, Axis Bank, Jio Finance, Maruti Suzuki, Power Grid, and Reliance Industries.
Top Losers
A few counters came under pressure due to profit booking:
Wipro, Sun Pharma, HDFC Life, HUL, Eicher Motors, Infosys, and Tech Mahindra.
Broader Market Performance
The broader indices outperformed the benchmarks:
Nifty MidCap gained 0.76%
Nifty SmallCap rose 0.74%
This reflects stronger buying interest in mid- and small-cap stocks amid improved investor confidence.
Sectoral Performance
Sector rotation was evident, with strong leadership from metals and realty:
Nifty Metal surged 1.71%
Nifty Realty climbed 1.4%
Nifty Media gained 0.79%
Nifty Private Bank rose 0.76%
Nifty Financial Services added 0.50%
The only sector in the red was Nifty FMCG, slipping slightly on mild selling pressures.
IPO Watch: ICICI Prudential AMC
The ICICI Prudential Asset Management Company IPO opened for subscription today, with a price band of ₹2,061–₹2,165 per share for its ₹10,600-crore issue. At the upper end, India’s largest asset manager will command a valuation of approximately ₹1.07 trillion, making it one of the most significant listings of the year.
Disclaimer : This article is for informational purposes only and should not be considered financial or investment advice. Market conditions are subject to change; always consult a qualified financial advisor before making investment decisions.
