Stock Market LIVE Updates: Opening Bell: Sensex Gains 126 Points, Nifty Holds Above 23,700
Stock Market LIVE Updates: As Dalal Street moves toward the session on Friday, the momentum is improving after benchmark indices added on for a second straight day on Thursday. Banking stocks are expected to remain the biggest trigger, with Nifty bulls now trying to push for that recovery. A further strengthening in the rupee and softening in bond yields may support sentiment, while continuing weak IT counters will weigh the market up.
Also on watch on Thursday will be Bank Nifty, and any new short-covering rally in heavyweights in the private banking space might help Sensex and Nifty rise. Nifty must continue to hold above the 23,500 support zone and aim for a weekly gain after a volatile week for Dalal Street.
We can expect good stock-specific moves as earnings come through; hence, investors can monitor Voltas, Muthoot Finance, JSW Steel, United Spirits, and Tata Motors Passenger Vehicles after their respective quarterly numbers and also look out for the numbers from SAIL, Tata Steel, Amber Enterprises, Balrampur Chini, Cochin Shipyard, Hindustan Copper, NCC, and NHPC to guide the next sector leads.
The Adani Group counters can see robust volumes given the renewed investor interest amid volatility.
The market maintained a positive undertone throughout Thursday, underpinned by favourable global developments and some selective buying activity from large caps. Technically speaking, the Nifty appears to be entering a relief rally after recent declines, with the banking and metals counters leading the way while IT remains a laggard. Will the Bank Nifty carry forward the short-covering rally further, and will IT look beyond weak global tech trends? Lastly, can the Nifty break through the 23,800 level on Thursday?
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Dalal Street opened higher on Friday, with the Sensex rising 126 points to 75,525, while the Nifty 50 traded above the 23,700 mark. Banking, auto and broader market stocks supported early gains as all major indices opened in the green amid cautious investor sentiment.
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Petrol, Diesel Prices Hike: Oil companies on Friday increased petrol and diesel prices by ₹3 per litre across the country. The hike comes amid rising global crude oil prices and concerns over supply disruptions linked to tensions in West Asia. Fuel prices rose across major cities, including Delhi, Mumbai, Kolkata and Chennai
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Ahead of Friday’s trading session, Dalal Street appears to have gained much-needed momentum on two successive recovery days. Global cues are firming up on the back of upbeat Q4 earnings from Bharti Airtel and falling crude prices. Markets also appear to be taking a cue from optimism building up about the Trump-Xi meeting in Beijing. The big test now will be whether the Nifty 50 can sustain the rally above 23,800 to scale the 24,000 mark – or will profit booking return after the recent rebound?
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Friday is anticipated to witness high stock-specific action on Dalal Street as investors await a new set of Q4 earnings, bulk deals, infrastructure wins and business-specific announcements. We may see a bullish sentiment on metal, NBFC, auto, shipping and gold-related counters. Market participants may closely monitor margins, commentary by management and institutional activity to set the direction amid positive broader market sentiment — but will strong earnings momentum be enough to sustain the market’s recovery rally?
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