Mumbai: Indian stock markets ended the week on a strong note, with both Sensex and Nifty registering sharp gains. The main boost came after the US government decided to delay imposing new tariffs on most countries, except China. This move reduced fears of a global recession and gave a strong push to market sentiment.
Nifty and Sensex Close Higher
The Nifty 50 index opened with a gap-up and touched its 20-day exponential moving average (DEMA) near 22,900. After trading in a narrow range, it closed slightly lower at 22,828.55, up nearly 2 per cent for the week. Analysts believe that if the index decisively crosses 22,900, it could move towards 23,400 in the near future.
The Sensex also posted solid gains, jumping 1,310.11 points or 1.77 per cent to close at 75,157.26. During the day, it reached a high of 75,467.33 before briefly dipping to 74,762.84.
Strong Sectoral and Broader Market Performance
Leading the market were metal, energy, and pharma stocks. Broader market indices also saw a big rebound, gaining between 1.82 per cent and 2.86 per cent. The mood in the market was clearly positive, as the advance-decline ratio on the BSE hit 3.68, its best level since March 5, 2025. This means many more stocks went up than down.
Bank Nifty Breaks Key Levels
The Bank Nifty index also opened with strength and continued its upward move. It ended the session at 51,002, breaking past the key resistance level of 50,750–50,800. Technical experts say the breakout shows strength, and the index could rise further towards 51,500–52,000. Any dips from here are seen as buying opportunities.
Rupee Recovers, Gains 65 Paise
The Indian rupee also bounced back, ending a three-day losing streak. It gained 65 paise to close at 86.04 against the US Dollar, helped by a weaker dollar, lower crude oil prices, and strong equity performance.
Looking Ahead: Support and Resistance Zones
For the coming days, market experts say 22,600–22,700 will act as support for Nifty, while 23,000–23,100 is likely to be the resistance zone. Although there’s optimism in the market, traders are advised to stay alert due to ongoing global uncertainties.
Experts believe India’s domestic strength and stabilising global trade could support continued growth, though caution remains key for sectors that depend heavily on exports.
