On Friday, Indian benchmark indices closed sharply higher, capping off the week on a strong note, buoyed by gains in metal and pharma stocks and optimism following the U.S. tariff pause, which eased trade concerns and lifted investor sentiment.
Key Market Highlights:
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Sensex surged 1,310.11 points to settle at 75,157.26
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Nifty50 climbed 429.40 points to end at 22,828.55
Key Drivers:
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The temporary pause in reciprocal U.S. tariffs brought relief to export-focused sectors and spurred hopes for improved bilateral trade negotiations.
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Despite an IT major missing earnings expectations, market experts cited order book growth optimism for the latter half of FY26.
Top Gainers (BSE Sensex):
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Tata Steel: +4.91% (Best performer)
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Power Grid Corporation: +3.72%
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NTPC: +3.25%
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Kotak Mahindra Bank: +2.85%
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Reliance Industries: +2.84%
Losers:
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Asian Paints: -0.76%
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Tata Consultancy Services (TCS): -0.43%
Sectoral Rally (NSE):
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Nifty Metal: +4.20% (Top performer)
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Nifty Consumer Durables: +3.07%
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Nifty Pharma: +2.42%
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Nifty Auto: +2.27%
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Nifty Oil & Gas: +2.19%
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Nifty Healthcare: +1.53%
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Nifty Media: +1.71%
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Nifty PSU Bank: +1.25%
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Nifty Private Bank: +1.53%
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Nifty Financial Services: +1.58%
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Nifty IT: +0.93%
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Nifty FMCG: +0.84%
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Nifty Realty: +1.15%
Broader Market Action:
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Nifty Smallcap100: +2.86%
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Nifty Midcap100: +1.82%
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India VIX: -8.00% (Drop in volatility signals growing confidence)
Analyst Views:
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Vinod Nair (Geojit) highlighted the role of the tariff pause in lifting market mood amid macro uncertainty, and pointed to domestic support from lower interest rates and a benign inflation outlook.
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Ajit Mishra (Religare Broking) advised a hedged approach until broader stability is established and suggested monitoring global cues and earnings closely.
This broad-based rally shows growing optimism across sectors, but analysts still urge caution and active risk management, especially in light of geopolitical and trade uncertainties. Want a deeper look into which stocks could benefit most if the U.S.-India tariff truce holds or expands?
