Dalal Street wrapped up the week on a firm footing as benchmark indices recovered from a choppy start to close higher on Friday.
TheS&P BSE Sensexrose 316.57 points to settle at 82,814.71, while theNifty50gained 116.90 points to close at 25,571.25. Broader markets also staged a solid recovery in the second half of the session, improving overall investor sentiment.
Among the top gainers wereHindalco Industries,NTPC,Larsen & Toubro,SBI Life Insurance, andHindustan Unilever, which helped markets regain stability after early weakness.
On the losing side, stocks such asKwality Wall's,Eternal,Infosys,Tech Mahindra, andGrasim Industriesended in the red.
Ponmudi R, CEO of Enrich Money, noted that buying interest strengthened steadily across sectors including power, metals, PSU banks, capital goods, FMCG, and financials. Investors used intraday dips to accumulate quality stocks, reversing the subdued mood seen earlier.
However, he cautioned that near-term volatility could persist due to ongoingUnited States–Irantensions and mixed global cues.
The Nifty50 closed near the 25,600 mark after recovering from intraday selling pressure. However, the index continues to face resistance near the upper end of its consolidation zone.
Immediate support:25,500
Stronger base:25,400–25,380
Key resistance:25,660–25,700
Breakout trigger:Above 25,700–25,800
A sustained move above the 25,800 level could open the path toward the psychological 26,000 mark. For now, momentum indicators remain neutral, suggesting a range-bound market with a slightly positive bias as long as support levels hold.
Despite global uncertainties, Dalal Street demonstrated resilience with strong sectoral participation and dip buying. While the broader structure remains constructive, traders are likely to stay cautious until Nifty decisively breaks out of its current consolidation range.
