Mumbai – The Indian market closed higher for the second day in a row, with the Sensex and Nifty lifting thanks to big moves in pharma, banking and a few auto and energy names.
The Sensex opened about 100 points lower at 82,075, hurt by a dip in IT shares. It bounced back quickly and hit an intra‑day peak of 82,654, outperforming the previous close by 579 points. By the end of the session it finished 329 points, or 0.4 %, higher at 82,501. The Nifty trended similarly, reaching a high of 25,331 and closing 104 points, or 0.4 %, higher at 25,285.
“Friday’s strong gait shows the market is moving out of its recent consolidation,” analysts said. “It’s staying above key moving averages, signalling a positive short‑term trend. A pullback could’t hurt, perhaps offering a good entry point.” They added that the Nifty could climb toward 25,500–25,550, while support sits around 25,150.
Key winners in the Sensex were SBI up 2 %, Maruti Suzuki, Axis Bank, Adani Ports and Power Grid each over 1 %. On the downside, Tata Steel fell 1.5 % and TCS slid 1 % after its Q2 results.
On a broader scale, the BSE Midcap rose 0.4 % and the Smallcap gained 0.6 %. Healthcare and Bankex sectors jumped about 1 %, while auto and capital goods added roughly 0.5 %. Textile shares surged up to 17 % after hints that India and the UK could double bilateral trade by 2030.
Analysts highlighted renewed optimism around a possible India‑US trade deal before the November deadline, easing Middle East tensions, and supportive RBI policies boosting credit flow and GST‑driven consumer spending. These factors helped keep investor sentiment upbeat in India’s equity market.
Source: ianslive
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.
