Domestic equities gained for the fourth consecutive day on Friday, recovering more than 500 points or 2.3 per cent, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
While Nifty surged by 0.59 per cent (130 points) and closed at 22,040.70, Sensex closed moderately higher by 0.52 per cent (376 points) at 72,426.64.
All sectors ended in green, barring opil & gas as Indian markets showed resilience despite volatility.
The Q3 earnings season has ended on a buoyant note with Nifty delivering a strong beat with a 17 per cent YoY PAT growth versus an estimate of 11 per cent.
“We expect market sentiment to strengthen further as the prospect of a pre-election rally is quite strong. Nifty is hovering near all-time zones and is all set to make new highs next week," Khemka said.
Vinod Nair, Head of Research at Geojit Financial Services, said the Indian market continued its broad-based recovery on Friday, aided by positive global cues.
Further, narrowing India’s trade deficit, led by softening commodity prices and a manufacturing push by the government, attracted investors to capital goods, metals, and industrial stocks.
On the global front, an expectation of a pickup in consumption demand in China after the Lunar New Year holidays supported the global market sentiment, Nair said.
Indian share market ends in red ahead of key global policy decisions
Ahead of key policy decisions especially from the US Federal Reserve, the Indian stock market closed in red on Tuesday as selling was seen in the PSU bank, auto, IT, financial service, pharma, FMCG, metal, and realty sectors of Nifty.
Buy on dips strategy working well in Indian stock market amid sharp rebound
The surge in the Indian stock market on Friday helped the Indian benchmark indices end the week on a positive note. A strong 2,000-point rebound from the lows suggests that the buy-on-dips strategy is working well in the market, experts said on Saturday.
India’s GDP growth to hold steady in FY25, likely to clock 6.7 pc in FY26
India's economic growth will continue to hold steady in FY25 despite global uncertainties, with a projected GDP at 6.7 per cent in FY26, a report showed on Friday.
Sensex closes at 82,133 after 2,000 pts rally from day low
According to the experts, "Currently, the market is anticipating a revival in consumer spending, driven by the festive season and year-end holidays, adding to the sentiments. Additionally, an expectation of an increase in the US spending is propelling the IT sector."