Indian benchmark indices ended Friday’s session on a positive note, overcoming sharp intraday volatility, as buying in banking and IT stocks lifted investor sentiment. The BSE Sensex rose 193.42 points (0.23%) to close at 83,432.89, while the NSE Nifty gained 55.70 points (0.22%) to settle at 25,461.
The trading session saw the Sensex swing over 462 points, hitting a high of 83,477.86 and a low of 83,015.83. Gains were led by financial heavyweights such as ICICI Bank, Axis Bank, State Bank of India, and Bajaj Finance, alongside IT majors Infosys, HCL Technologies, and TCS.
Sectorally, Nifty IT rose 0.83%, while Bank Nifty and Nifty Financial Services posted modest gains. In contrast, Nifty Metal declined amid weak global commodity cues.
The rally was supported by a positive close in U.S. markets and selective strength in Asian indices, including Japan’s Nikkei and China’s SSE Composite. European markets, however, traded in negative territory.
Investor caution prevailed ahead of the July 9 deadline for potential U.S. tariff hikes under former President Donald Trump’s trade proposals. This uncertainty, coupled with Foreign Institutional Investor (FII) outflows of ₹1,481.19 crore, kept broader market sentiment subdued. Domestic Institutional Investors (DIIs) provided partial support, purchasing ₹1,333.06 crore worth of equities.
- Bajaj Finance surged 1.6% following a strong pre-quarter update showing 25% YoY growth in AUM.
- Marico gained 2.5% on robust revenue growth driven by rural demand.
- Trent plunged 11.9% after flagging a slowdown in revenue growth, prompting brokerages to downgrade the stock.
In a major development, SEBI barred U.S.-based Jane Street Group from Indian securities markets and ordered disgorgement of ₹4,843 crore for alleged manipulation in the derivatives segment—marking one of the largest such penalties in Indian market history.
Analysts expect continued volatility as markets hover near peak valuation levels. The trajectory ahead hinges on Q1 earnings, clarity on the India-U.S. trade deal, and global macroeconomic cues. Technical indicators suggest support at 25,300 and potential upside toward 25,800–26,100, provided resistance at 25,500 is breached.
