Overview
- India’s benchmarks advanced for a second day on Friday, with the Nifty finishing at 25,709.85 and the Sensex at 83,952.19, capping weekly gains of about 1.7%.
- Financials led the move as the Bank Nifty hit a fresh peak near 57,830, extending a rebound of over 10,000 points from March lows.
- Heavyweights Reliance Industries, HDFC Bank and ICICI Bank rose ahead of their Q2 results, while the IT index fell on margin and guidance worries, with Wipro down about 5% and Infosys lower by around 2%.
- Provisional NSE data showed continued support from institutional flows, with FPIs net buying roughly Rs 997 crore and DIIs purchasing about Rs 4,076 crore, alongside a firmer rupee and softer crude prices.
- Traders monitored global headwinds from US regional bank credit concerns and US–China trade tensions, with Reliance reporting after hours on Friday and HDFC Bank and ICICI Bank due Saturday before Diwali’s Muhurat session.