Indian equity markets ended Friday’s session on a strong note, with the closing bell ringing in sharp gains across the board. The Sensex surged 1,695 points, or 2.3%, to close at 75,527, while the Nifty 50 jumped 461 points, or 1.99%, to settle at 23,622.90. The rally was driven by reports of a draft US-Iran understanding to reopen the Strait of Hormuz and ease oil sanctions, which sent crude oil prices sharply lower and lifted risk appetite across Dalal Street. Bank Nifty was the standout performer, surging nearly 3% on broad-based buying in financials, infrastructure, and auto stocks.
NSE, BSE Opening Outlook for Tomorrow
With GIFT Nifty trading well above today’s close and global cues turning supportive after the US-Iran truce news, NSE and BSE are likely to open on a positive note tomorrow. Nifty has immediate resistance near the 23,700–24,000 zone, while support is placed around 23,300–23,400. Traders should watch for profit-booking at higher levels, as the sharp one-day rally may trigger some consolidation in early trade.
FII/DII Activity
Foreign Institutional Investors (FIIs) remained net sellers in the cash segment, while Domestic Institutional Investors (DIIs) continued their strong buying support, cushioning the market from deeper FII outflows.
| Category | Net Activity (Cash, Rs. Cr) |
|---|---|
| FII | -1,987.10 (Net Sellers) |
| DII | +4,224.50 (Net Buyers) |
Top Gainers / Top Losers
Financials, infra, and auto names led the gainers’ chart, while ONGC was the lone laggard amid a sharp fall in crude oil prices.
| Top Gainers | % Change |
|---|---|
| Shriram Finance | +8.1% |
| Bajaj Finance | +5.6% |
| Larsen & Toubro | +4.8% |
| IndiGo (InterGlobe Aviation) | +4.5% |
| Tata Motors PV | +4.0% |
| Top Loser | % Change |
|---|---|
| ONGC | Negative |
Sector Performance
Banking led the sectoral pack with Bank Nifty up nearly 3%, followed by broad gains in infrastructure, auto, and realty stocks. IT remained a relative underperformer amid selective profit booking.
| Sector | Trend |
|---|---|
| Bank Nifty | +3% (Top performer) |
| Infra / Capital Goods | Strong gains |
| Auto | Strong gains |
| IT | Underperformed, mild weakness |
| Oil & Gas / Energy | Mixed, pressured by falling crude |
Commodity Watch
Crude oil prices tumbled around 5% on news of a possible US-Iran deal to reopen the Strait of Hormuz, easing supply-side concerns. Gold prices remained under pressure as risk-on sentiment reduced safe-haven demand.
| Commodity | Trend |
|---|---|
| Crude Oil (Brent/WTI) | Down ~5% on truce hopes |
| Gold | Lower amid reduced safe-haven demand |
Currency Watch
The Indian rupee strengthened sharply against the US dollar, tracking the fall in crude oil prices and improved risk appetite among foreign investors.
| Pair | Level |
|---|---|
| USD/INR | ~95.11 (Rupee stronger) |
Global Market Cues
Global sentiment turned decisively positive after reports emerged of a draft US-Iran memorandum of understanding to de-escalate tensions in the Middle East, cancel oil sanctions, and reopen the Strait of Hormuz in exchange for curbs on nuclear ambitions. This eased fears of an oil supply shock and lifted risk appetite across Asian and European markets. European indices, including the FTSE 100, CAC 40, and STOXX 50, had already shown strength, while US futures pointed to a steady-to-positive start, setting a constructive tone for global equities heading into the next session.
Conclusion
Friday’s session marked a sharp turnaround for Indian markets, with the Sensex and Nifty both rallying over 2% on geopolitical de-escalation hopes and falling crude oil prices. With DIIs continuing to absorb FII selling and global cues turning supportive, the broader trend remains constructive, though traders should stay alert to profit-booking after such a sharp one-day move. A buy-on-dips approach with strict stop-loss discipline may work well in the near term.
Disclaimer: Investments in the securities market are subject to market risks. Please consult a SEBI-registered financial advisor before making any investment decisions.
