India's major stock indexes closed higher on Friday, with the Sensex up 0.75% and the Nifty gaining 0.79%. The rally was driven by a stronger rupee and optimism that the U.S. Federal Reserve will cut rates early next year.
Market Summary
The Sensex finished at 85,567.48, adding 638 points, while the Nifty ended at 26,172.40, up 206 points. Liquidity remained ample and foreign institutional investors (FIIs) were net buyers, supporting the upward move.
Analyst Takeaways
Analysts said the market’s positive tone is underpinned by expectations of further Fed easing in 2026 and a firming rupee. They noted that gold reached a record high on the back of rate‑cut hopes and central‑bank buying. However, they cautioned that trade talks, geopolitical tensions and oil‑price swings could keep investors on edge.
Global Influences
- U.S. stocks rose on AI‑driven optimism and better‑than‑expected earnings.
- European markets slipped slightly, though the STOXX 600 posted a weekly gain of over 1% after softer U.S. inflation data.
Technical Outlook for Nifty
The Nifty broke out of a falling‑wedge pattern, indicating short‑term bullish momentum. The Relative Strength Index (RSI) showed a downward‑consolidation breakout, suggesting strong positive energy. As long as the index stays above 25,900, a "buy‑on‑dips" approach could work, with resistance around 26,315.
Most Active Stocks
By Turnover Value (BSE)
- Infosys – ₹3,887 cr
- Shriram Finance – ₹2,982 cr
- Jupiter Wagons – ₹2,208 cr
- Bharti Airtel – ₹1,640 cr
- Reliance Industries – ₹1,601 cr
- BSE Ltd – ₹1,349 cr
- HDFC Bank – ₹1,337 cr
By Volume (NSE)
- Vodafone Idea – 104.26 cr shares
- Ola Electric – 14.23 cr shares
- Reliance Power – 8.79 cr shares
- Jupiter Wagons – 7.40 cr shares
- YES Bank – 4.00 cr shares
- Suzlon Energy – 3.89 cr shares
- Shriram Finance – 3.18 cr shares
Stocks with Strong Buying Interest
- Jupiter Wagons
- Cochin Shipyard
- Devyani International
- Ramkrishna Forgings
- Solar Industries India
- GE Vernova T&D India
- Mazagon Dock Ship
Stocks Facing Selling Pressure
- Reliance Power
- Hexaware Technologies
- Siemens Energy India
- Cholamandalam Investment & Finance
- Dixon Technologies
- Home First Finance
- Motherson Sumi Wiring
Market Sentiment
Out of 4,501 BSE‑listed stocks that traded on Monday, 2,794 advanced, 1,515 fell and 192 were unchanged, indicating a broadly bullish mood.
Disclaimer
Remember, these insights are for informational purposes only and not a prediction. Always do your own research before making any investment decisions.