Overview
- The Nifty closed at 24,252 and the Sensex finished at 77,540.83 on Friday after extending a tentative recovery that ended a multi‑session losing streak.
- Brent crude traded around $93–94 a barrel and US long‑term Treasury yields resumed rising, with the 10‑year near 4.71% and the 30‑year about 5.25%, which pressured investor appetite for equities.
- Provisional exchange data showed foreign institutional investors were net sellers of about Rs 583.36 crore while domestic institutional investors bought roughly Rs 3,537.71 crore, a mix that helped limit index losses.
- Market breadth was mixed with realty, metal and private banks outperforming while IT and some large consumer names lagged, and small‑cap indices showed relative strength in early trade.
- Analysts say the near‑term picture is range‑bound with immediate support around 24,150 (stronger 24,040–24,000) and resistance in the 24,250–24,350 band, and they are watching oil, US yields and foreign flows for the next directional cue.