Stock market today: Sensex jumps over 1,100 points, Nifty nears 22,700
NEW DELHI: Indian equity markets indices opened sharply higher on Friday, lifted by improved global sentiment and value buying. The BSE Sensex surged 988 points to 74,835.49, while the Nifty 50 gained 296 points to 22,695.40, with both indices advancing over 1.3% in early trade.
The uptick comes on the heels of a global rebound in equities after a turbulent US session. Investors are also factoring in positive domestic cues and expectations of steady inflation. Banking, auto, and IT stocks were among the top gainers in the early session.
On Tuesday, the markets had also staged a strong recovery following Monday’s sharp decline. The Sensex closed 1,089 points higher at 74,227.08 and the Nifty 50 ended up 374 points at 22,535.85, marking gains of 1.49% and 1.69%, respectively.
Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted, “The heightened uncertainty and volatility in global markets may persist for some time. However, India remains relatively insulated due to stable macros and fair largecap valuations.”
He added that long-term investors may consider selective buying in high-quality largecap stocks, particularly in financials and pharmaceuticals, as Trump is unlikely to target the pharma sector with tariffs.
Meanwhile, Nifty’s Consumer Durables index jumped 3%, and Metal, Realty, and Financial Services indices rose over 2%. Broader markets also participated in the rally, with Nifty Midcap 100 and Smallcap 100 gaining 2% each. Notably, India VIX, a key volatility gauge, fell by 10.2% to 20.47, indicating easing market anxiety.
