Synopsis : Indian stock markets traded choppily on Friday as the Sensex swung between gains and losses, while the Nifty hovered near the 25,300 mark amid mixed global and domestic cues. Strong buying in IT and metal stocks supported the market, even as foreign fund outflows kept overall sentiment cautious.
Indian equity benchmarks witnessed a volatile session on Friday, with the Sensex fluctuating between gains and losses and the Nifty50 consolidating near the 25,300 level. While broader Asian markets provided some support, sustained foreign portfolio outflows and mixed corporate earnings continued to restrain aggressive buying.
Investor sentiment improved modestly after geopolitical tensions linked to Greenland eased, following comments from US President Donald Trump backing away from tariff threats against Europe. The development helped stabilize global risk sentiment and supported the Indian rupee in early trade.
IT and Metal Stocks Lead the Gains
Sector-wise, the market showed mixed performance. Metal stocks rallied sharply, driven by strong moves in Hindustan Zinc and National Aluminium Company, as commodity prices and demand outlook remained supportive. The Nifty IT index also traded higher on renewed buying interest, while Auto and FMCG stocks added modest gains.
Banks and Realty Under Pressure
On the downside, banking, financial services, and realty stocks faced mild selling pressure, reflecting cautious positioning ahead of further earnings announcements and continued concerns over capital flows.
Broader Markets Outperform
The broader market outperformed frontline indices, with both mid-cap and small-cap stocks edging higher. Improved risk appetite encouraged selective buying in quality mid- and small-cap names.
Currency and Global Cues
The Indian rupee strengthened slightly, supported by easing geopolitical risks and improved global sentiment. In overseas markets, Asian indices traded mostly higher, while US futures remained firm, indicating a stable global backdrop.
Outlook
Market participants expect volatility to persist in the near term as investors balance global developments, foreign fund flows, and corporate earnings updates. Analysts suggest a selective approach, focusing on fundamentally strong stocks while managing risk amid uncertain cues.
Disclaimer : This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult a certified financial advisor before making any financial decisions.
