Indices

Nifty Realty was the top gainer, rising 3.96%, followed by Auto up 2.6% and Metal higher by 1.78%. Nifty Pharma fell 0.66%, the only sector in the red.

Outside of the financial sector, Arora is focusing on capital goods, companies benefiting from the China-plus-one strategy, and new-age businesses.

After improving margins and exiting loss-making contracts, Rishabh Instruments is targeting growth from data centres, power infrastructure and the U.S. market.

Going forward, the benchmark will most likely react to domestic macroeconomic data such as CPI Inflation and later, the Wholesale Price Index inflation; while global cues will also remain pertinent.

On Friday, the NSE Nifty 50 rose 1.99% to close at 23,622.90, up 461.30 points. The BSE Sensex climbed 2.30% to 75,527.95, gaining 1,695.40 points.

Sectoral performance remained mixed, with pharma and banking stocks leading gains while defence and IT indices declined. Nifty Pharma rose 1.14%, while Nifty Defence fell 1.63%, while Nifty IT and PSU Bank declined around 1%.

Asian markets steadied after an initial sell-off triggered by concerns that renewed hostilities in the Middle East could disrupt energy supplies and weigh on global economic growth.

Sectoral indices showed broad-based declines. Realty, Oil & Gas, PSU Bank and IT indices declined between 1.2% and 1.5%. FMCG rose 1.1%, while Financial Services edged up 0.32%.

Investors may be looking at the wrong parts of the market. While large caps struggle and micro caps remain weak, the charts suggest mid caps are showing the strongest relative strength.

South Korea's benchmark drops 1.7%, Brent crude climbs above $92 a barrel and investors await US inflation data amid renewed Middle East tensions.

All sectoral indices ended higher, except Nifty IT. Nifty PSU Bank was the top sectoral gainer, rising more than 3.5%.

The benchmark index ended at a two-month low after renewed selling pressure, while momentum indicators and open-interest data point to a weak near-term market structure.

Japan, South Korea and Australia markets advanced after Wall Street recovered and concerns over Middle East supply disruptions eased.

On Friday, The Nifty 50 closed 49.85 points, or 0.21%, lower at 23,366.70. The Sensex ended 116.67 points, or 0.16%, down at 74,243.34.

Nifty has remained in a consolidation phase for nearly four weeks and has traded within a tight 23,151-23,556 band over the past three sessions.

South Korea's Kospi dropped 6.29%, making it the worst-performing major market in Asia. Japan's Nikkei 225 fell 1.34%, while Australia's ASX 200 lost 0.51%.

Nifty India Defence rose 1.08%, followed by Nifty Energy at 0.6% and Nifty Auto at 0.54%. Nifty Realty gained 0.47%, while Nifty Pharma advanced 0.38%.

An NDTV Profit analysis of Bloomberg data shows six stocks now trade below their five-year average valuations despite buy ratings exceeding 65% and upside potential of as much as 35.9%.

Shares of Tata Consultancy Services Ltd. extended declines for the second consecutive trading session, hitting its lowest levels since February 2020.

Asian equities also came under pressure after a weaker-than-expected forecast from Broadcom Inc. added to concerns about market momentum.