Synopsis : Indian benchmark indices rebounded strongly after early volatility, with buying across PSU banks and metal stocks lifting market sentiment. The rally comes a day after sharp losses triggered by global geopolitical tensions and rising volatility.
Indian equity markets staged a solid recovery on Friday, with benchmark indices Sensex and Nifty 50 turning bullish after a choppy start. Despite initial weakness in IT stocks, broad-based buying across sectors helped the market gain momentum as the session progressed.
The BSE Sensex surged over 400 points, while the Nifty 50 climbed above the 25,600 mark, signalling renewed investor confidence following Thursday’s steep sell-off.
What’s Driving the Rally?
The rebound comes after markets had snapped a three-day winning streak in the previous session, when escalating US-Iran tensions triggered heavy selling across auto, financial, IT and consumer stocks. On Thursday, the Nifty had fallen 365 points (1.41%) to close at 25,454.35, while the Sensex ended at 82,498.14. The volatility index India VIX jumped over 10%, reflecting heightened uncertainty.
Friday’s recovery suggests bargain hunting at lower levels, with investors selectively adding exposure to value-oriented and cyclical sectors.
Sectoral Highlights
PSU banks emerged as top gainers, extending recent momentum
Metal stocks advanced on expectations of stable demand and supportive global prices
IT stocks remained mixed, but losses were capped
Broader market sentiment improved as buying spread across multiple sectors
Global Market Cues
Overseas markets sent mixed signals, but did not derail domestic optimism:
S&P 500 futures up 0.2%
Japan’s Topix down 1.4%
Australia’s S&P/ASX 200 little changed
Hong Kong’s Hang Seng down 0.8%
Euro Stoxx 50 futures up 0.3%
Outlook
Market participants expect volatility to persist in the near term amid geopolitical developments and global macro uncertainty. However, strong domestic fundamentals and selective buying in PSU banks, metals and other cyclicals could continue to provide support to the benchmarks.
Disclaimer : This article is for informational purposes only and does not constitute investment advice. Investors should consult a certified financial advisor before making any investment decisions.
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