Overview
- After three sessions of declines, the Sensex rose 200–500 points in early trade and the Nifty moved above 25,550 with gains led by IT, metal and PSU bank shares on stronger Asian cues.
- Provisional exchange data showed foreign investors turned net buyers on Friday with Rs 4,581.34 crore of equity purchases, while domestic institutions also bought, helping stabilize sentiment.
- Goldman Sachs raised India to overweight and set a Nifty 50 target of 29,000 by December 2026, citing stabilizing earnings, policy support and signs of improving foreign risk appetite.
- Technical strategists flagged 25,300–25,250 as crucial Nifty support and 25,650–25,700 as near-term resistance, with a sustained move higher seen as opening room toward 26,000.
- Stock-specific catalysts included Lenskart’s mainboard debut, Swiggy board approval to raise up to Rs 10,000 crore via QIP, and HAL’s agreement with GE to supply 113 F404 engines for the LCA Mk1A program.