The benchmark BSE Sensex closed at 80,501.99 with an additional 259.75 points or 0.32%, while the broader Nifty 50 index closed at 24,346.70, up 12.50 points or 0.05%.
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Sector Watch
The Nifty 50 and BSE Sensex rose almost 1% early in the session before trimming the gain. The rise in Heavywight Reliance Industries Ltd (RIL) and financial stocks offset the loss of key autonames after calming down monthly sales data.
Adani Port and the Special Economic Area rose 4%, reporting quarterly revenues above forecasts and projecting high growth in 2026 against the backdrop of strong port-winning, before emerging as the top gain of the Nifty 50.
Nifty Auto finished 0.1% lower. Maruti Suzuki India reported a 7% year-on-year increase in April sales, then rose 1.2%, improving both domestic and export volumes, and PNB housing finance rose 4% after large block transactions. According to media reports, the Carlisle Group is considering offloading its 10.44% stake in the company. JSW Steel plummeted 6% after the Supreme Court deemed the 2021 transaction “illegal” and voided the 19,700 crore acquisition that ordered the company’s liquidation.
Nifty rose 1.3% that week, while Sensex rose 1.6%, earning third consecutive weekly gains.
The Reliance Industry surged 9.4% in a week (highest weekday performance in almost five years) after reporting strong revenues on April 25th.
Investor sentiment is being driven by signs of progress in India-US trade agreements, with President Donald Trump proposing potential agreements with India, South Korea and Japan.
Foreign portfolio investors remained active buyers, buying Indian stocks to 11 consecutive wins (the longest winning streak in two years) by Wednesday after turning net buyers in April after three months of outflows.
Experts’ Views
Last week, the benchmark index continued to have a positive momentum, Kotak Securities, Amol Athawale’s VP-technology research, added, “During this week, the market has been traded comfortably above the 200-day SMA (simple moving average).
According to Rupak De, senior technical analyst at LKP Securities, Nifty witnessed a volatility match on a weekday, slid sharply after facing a denial at the 24,550 level, adding that the daily charts have long wick candles suggest sales pressure at a higher level.
“Now, support will be placed at 24,250. Below this level could trigger a fix to 24,000. Furthermore, the index may remain bound to range within 24,000-24,550 bands. Only critical breakouts above 24,550 could lead to a proper rally at the index.
Global Market
Global stocks gathered on Friday as signs of a potential US-China trade talks eased feelings and eased concerns caused by weak revenues from tech giants Apple and Amazon.
Beijing said the US has repeatedly shown an appetite to negotiate tariffs, and the door remains open for dialogue.
The Pan-European Stoxx 600 rose 0.9% at 1013 GMT, rebounding after a second consecutive month decline. Other regional indexes also traded higher.
The non-Japanese MSCI’s Asia-Pacific index touched on the highest since March 20th, and its losses have been eliminated since US President Donald Trump launched a tariff attack in early April. Japan’s Nikkei won over 1%, while Hong Kong’s Hangsen rose 1.7%. Mainland China was closed on holidays.
Meanwhile, this week’s data shows that the US economy was signed in the first quarter for the first time in three years, with China’s factory activity falling at its fastest pace in 16 months in April.
In the product, gold prices rose to $3,261 per ounce.
FII/DII Tracker
Foreign institutional investors (FII) extended their buy streak for 11 straight wins in a modest net purchase of Rs 50 crore. Domestic institutional investors (DIIS) were more aggressive and net purchase stock worth Rs 1,792.
Rough impact
Oil prices slipped on Friday as traders booked profits before the upcoming OPEC+ meeting and became cautious about the prospects for US-China trade removal.
Brent crude fell 42 cents (0.7%) to $61.71 per barrel at 0922 GMT, while U.S. West Texas Intermediate (WTI) reduced 46 cents (0.8%) to $58.78.
Currency Watch
The Indian rupee surged briefly to a nearly six-month high of 83.78 against the US dollar on Friday, backed by a strong portfolio inflow and a short cover in currency, with the rupee finally falling 0.1% at 84.58.
Despite the pullback, the currency rose 1% in a week, supported by sustained foreign influx into stocks and optimism over a potential US-India trade agreement.
Meanwhile, the Dollar Index, which measures greenbacks against baskets of six major currencies, slid from 0.39% to 99.85.
Market capitalization
The market capitalization of all listed companies on BSE fell to Rs 422.81 crore, down 1.31 crore.
