Stock Market Close: Sensex gains for 2nd day, rises 414 pts, Nifty at 23,146; IT index zooms 4% | Markets News

Stock Market LIVE Updates: Indian equity markets extended their recovery on Friday, with the Nifty and Sensex trading higher, led by a strong rally in IT stocks following encouraging Q2 earnings from select companies. Tech Mahindra and Wipro emerged as key gainers, while metal, media and auto stocks also witnessed buying interest. However, the recovery remains selective, and the divergence between sectors highlights the need for a stock-specific approach rather than broad-based buying. Continued foreign institutional investor outflows remain an overhang, while elevated crude oil prices and global inflation concerns could limit the upside. From a market perspective, the sustainability of this rebound will depend on earnings delivery, the return of foreign flows and whether buying participation broadens beyond a handful of large-cap stocks. Investors should remain disciplined, focus on companies with strong fundamentals and earnings visibility, and avoid chasing sharp short-term rallies until the market establishes a more durable trend.

View by: Vikram Kasat, chief business officer, advisory and dealing at PL Capital.

Stock Market LIVE Updates: Sectoral indices on the NSE settled mixed on Friday, with Nifty IT as top gainer. 

Stock Market LIVE Updates: Among the broader markets, Nifty Midcap 100, and Nifty Smallcap 100 indices settled lower by 0.11 per cent, and 0.01 per cent, respectively.

 

Stock Market LIVE Updates: Here’s a glance at the Sensex gainers and losers at the close.

 

Stock Market LIVE Updates: The NSE Nifty 50 settled at 23,146.15, higher by 148.80 points or 0.65 per cent.

 

Stock Market LIVE Updates: The BSE Sensex added 413.66 points or 0.56 per cent to settle at 74,729.27.

 

Stock Market LIVE: Here’s a look at the most active put contracts at this hour.