The BSE Sensex surged more than 500 points in early trade on Friday, with the Nifty 50 comfortably holding above its previous close as IT and banking heavyweights led a broad-based rally across sectors.
Positive overnight cues from Wall Street, where technology stocks closed sharply higher, set the tone for Indian equities at the open. Strong foreign institutional investor (FII) inflows over the past several sessions added momentum, with market breadth firmly in favour of advancers on both the NSE and BSE.
IT and banking do the heavy lifting
Frontline IT names gained on optimism around deal pipelines and a stable outlook for technology spending, while private-sector banks advanced on healthy credit growth data. The Bank Nifty participated in the move, recovering from early weakness in the previous session.
Midcap and smallcap indices also traded higher, though gains were more measured than in the frontline space, suggesting investors continue to prefer large-cap safety at current valuations.
What analysts are watching
Market watchers said the near-term direction will depend on the sustainability of FII flows and global risk appetite. Key technical levels on the Nifty remain in focus, with traders watching whether the index can hold its breakout zone through the close.
Investors are advised to track institutional flow data and global market cues before adding fresh positions. As always, nothing here is investment advice — consult a SEBI-registered advisor before acting.
