Final Trade: Sensex crosses 84K, Nifty up 82 pts; Oil & gas, PSU banks lead 4th day rally
Indian benchmark indices extended their winning streak to a fourth consecutive day on Friday, supported by positive global cues and optimism around a possible easing of U.S. tariff deadlines. The BSE Sensex rose 287.20 points (0.34 per cent) to close at 84,043.06, while the Nifty 50 gained 82.05 points (0.32 per cent), ending at 25,631.05.
The rally was broad-based, with strong buying interest in key heavyweights such as Asian Paints, Power Grid, Reliance Industries, UltraTech Cement, Adani Ports, and L&T. These stocks contributed significantly to the benchmarks’ upward momentum. However, some pressure was observed in financials and consumer discretionary sectors, where HDFC Bank, Bajaj Finance, Bajaj Finserv, Kotak Mahindra Bank, Titan, and Eternal closed lower.
The broader market indices outperformed the headline indices, reflecting a healthy risk appetite among investors. The BSE Midcap and Smallcap indices rose around 0.5% each. Similarly, the Nifty Midcap index added 0.58%, while the Nifty Smallcap index jumped 0.95 per cent, signaling robust demand in mid and small-cap stocks.
Sector-wise, the market witnessed a strong sectoral rally, with Nifty Oil & Gas leading the gains, surging over 1 per cent. This was followed by solid performances from PSU Banks, Media, Capital Goods, Power, Healthcare, and Telecom, all advancing between 0.5 per cent and 1 per cent. In contrast, IT and Realty sectors remained under pressure, closing in the red amid profit booking.
Among individual stocks, Jio Financial, IndusInd Bank, Adani Enterprises, Asian Paints, and Apollo Hospitals were the notable gainers, benefiting from sectoral tailwinds and positive investor sentiment.
Overall, the market’s sustained rally for the fourth straight session highlights growing investor confidence, supported by favorable macroeconomic developments and easing concerns over trade tensions. However, selective caution persists in some pockets, especially in IT and Realty sectors, as investors await further clarity on global cues.