Stock Market Highlights: Nifty, Sensex End Higher In Holiday-Shortened Week
India's benchmark equity indices ended holiday-shortened week higher on Friday, with the benchmark indices swinging to green after a day of decline. The NSE Nifty 50 closed 0.05% higher at 24,346.70 while the BSE Sensex ended 0.32% up at 80,501.99.
The indices have also logged a weekly gain, as the Nifty 50 had closed at 24,039.35 and Sensex settled at 79,212.53 in the week ended on April 25.
On Friday, Reliance Industries Ltd. share price closed 1.24% higher at Rs 1,422.40 apiece, while Bajaj Finance Ltd. closed 2.64% higher at Rs 8,862.50 per share.
Shares of JSW Steel Ltd. and Bharti Airtel Ltd. dragged on the index. JSW Steel share price slipped 5.50% to Rs 973.20 apiece while shares of Airtel fell 0.68% to Rs 1,851.90.
The support for NSE Nifty 50 is placed at 24,250. A fall below this level might trigger a correction towards 24,000, according to Rupak De, senior technical analyst at LKP Securities.
"The index may remain range-bound within the 24,000–24,550 band. Only a decisive breakout above 24,550 may lead to a decent rally in the index," Rupak De said.
On the NSE, six sectoral indices ended higher out of 15, with the NSE Nifty Oil and Gas rising the most. The NSE Nifty Defence declined the most.
On BSE, the BSE Midcap and Smallcap indices ended 0.41% and 0.07% lower, respectively.
Around seven sectors advanced and 14 declined out of 21. The BSE Services rose the most, while the BSE Information and Technology declined the most.
Market breadth has favoured the sellers over buyers. Around 1,761 stocks advanced, and 2,183 stocks declined on the BSE.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
