Indian equity markets ended Friday's session with b gains, with both the BSE Sensex and NSE Nifty advancing more than 1% amid positive global cues, better-than-expected quarterly results from TCS, and broad-based buying across sectors. The BSE Sensex closed 828 points higher, while the NSE Nifty 50 settled above the key 24,200 level.
The rally was not limited to large-cap stocks, as mid-cap and small-cap shares also witnessed b buying, reflecting broad-based participation across the market.
Both the Sensex and Nifty recorded gains of more than 1% during the final trading session of the week. According to analysts, the market's strength was driven primarily by encouraging signals from the information technology sector, robust corporate earnings, and positive cues from global markets. Investors accumulated banking, real estate, information technology, and financial services stocks, supporting gains across the broader market.
Quarterly financial results from Tata Consultancy Services (TCS), India's leading information technology company, were in line with market expectations. The company's performance contributed to a positive sentiment across the information technology sector. According to market experts, indications of stable demand and resilient earnings in the IT sector boosted confidence among both foreign and domestic investors, which was reflected in equity market performance.
The performance of IT companies also strengthened expectations that corporate earnings could continue to improve in the coming quarters. During Friday's trading session, gains extended beyond large-cap stocks, with mid-cap and small-cap companies also posting b performance. The Nifty Midcap 100 and Nifty Smallcap 100 indices rose by around 1.5%, indicating broad-based buying activity and improved investor risk appetite.
Public sector banks and real estate companies remained among the best-performing segments during the session. Strong buying in banking stocks supported financial indices, while real estate shares also attracted significant investor interest. According to market experts, stable expectations regarding interest rates and signs of improving domestic demand supported these sectors.
Global market trends remained mixed overall, although strength across Asian markets provided positive support to Indian equities. Major Asia-Pacific indices registered gains, with investor sentiment remaining positive across the equity markets of Japan, Australia, Hong Kong, and China.
