India’s main stock indices closed the week on a strong note thanks to fresh foreign buyers and solid gains across key sectors. On Thursday, the BSE Sensex finished 328.7 points, or 0.40 %, higher at 82,500.82. The NSE Nifty 50 was up 103.6 points, or 0.41 %, ending at 25,285.35.
Real estate, energy and consumer durables lifted the majority of stocks, showing healthy momentum. Banking companies held their ground, while metals, IT and mid‑cap names saw some profit takers. Nifty Realty and PSU banks were the top performers, posting gains of about 1.70 %. Individual winners included Cipla and SBI, whereas Tata Steel and TCS were the biggest losers.
The market activity was clear: 2,334 stocks rose, 1,657 fell, and 154 stayed flat.
Foreign investors kept buying in again for the third straight day, sending capital into the market and helping push benchmarks higher. “India has seen several consecutive days of net inflows from foreign portfolio investors,” said Ajay Bagga, a banking and market expert. He noted that the highly oversubscribed LG Electronics IPO, which was bought 54 times during its launch, reflected strong investor appetite for new offerings.
Sudeep Shah, head of Technical and Derivatives Research at SBI Securities, echoed the optimism. “Equity benchmarks finished the week with decisive breakouts, reinforcing a bullish trend across sectors,” he said. “Buyers remain in control as indices head into the new week with renewed strength.”
Dr. Praveen Dwarakanath of Hedged.in highlighted a potential wobble at the Nifty’s key resistance level of 25,300. “The index was sold off during the day, showing a strong resistance that could pull it back toward the 20‑day moving average,” he warned. He added that the Bank Nifty broke out above the 56,280‑56,300 zone on Friday and closed with a strong bullish candle, suggesting a possible shift from pause to continuation.
In summary, India’s stock market finished the week on a high, buoyed by continued foreign investment, solid sector performance, and a strong performance in the primary market. Investors will watch the Nifty’s 25,300 resistance and the Bank Nifty’s trendlines for clues on next steps.
Source: aninews
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