Market Overview
India’s equity markets closed strongly on Friday, with the NSE Nifty 50 index rising 1.99% to finish at a higher level, while the BSE Sensex 30 added 2.30%.
Sector Performance
The Real Estate, Banking and Consumer Durables sectors were the primary drivers of the rally. Shriram Finance Ltd led the gainers, jumping 7.98% (70.75 points) to end at 957.00. Bajaj Finance Ltd followed with a 5.59% rise (48.65 points) to 919.20, and Larsen & Toubro Ltd advanced 4.87% (188 points) to close at 4,050.00.
Top Gainers and Losers on the Nifty 50
- Gainers: Shriram Finance Ltd (+7.98%), Bajaj Finance Ltd (+5.59%), Larsen & Toubro Ltd (+4.87%).
- Losers: Nestle India Ltd fell 3.23% (46 points) to 1,376.50, Oil and Natural Gas Corporation Ltd declined 2.26% (5.70 points) to 246.90, and Tech Mahindra Ltd dropped 2.20% (32.20 points) to 1,432.90.
Top Performers on the BSE Sensex 30
Bajaj Finance Ltd (BO:BJFN) rose 5.62% to 919.20, Larsen & Toubro Ltd (BO:LART) increased 4.86% to 4,047.15, and Tata Motors Passenger Vehicles Ltd (BO:TAMO) gained 4.22% to close at 391.65.
Worst Performers on the BSE Sensex 30
Nestle India Ltd (BO:NEST) slipped 3.15% to 1,377.00, Tech Mahindra Ltd (BO:TEML) fell 2.24% to 1,432.00, and Power Grid Corporation of India Ltd (BO:PGRD) dropped 0.58% to 285.00.
Breadth of Market Moves
On the NSE, 2,119 stocks rose versus 411 that fell, with 45 unchanged. On the BSE, 3,018 stocks advanced, 978 declined, and 150 remained unchanged.
Volatility and Commodity Prices
The India VIX, measuring implied volatility of Nifty 50 options, declined 5.19% to 14.80, marking a three‑month low. Gold futures for August delivery rose 2.83% (116.40 points) to $4,230.40 per ounce. Crude oil for July delivery fell 3.18% (2.79 dollars) to $84.92 per barrel, while August Brent slipped 3.05% (2.76 dollars) to $87.62 per barrel.
Currency and Index Futures
The USD/INR exchange rate decreased 0.79% to 95.01, and the EUR/INR fell 0.72% to 110.09. The US Dollar Index Futures were down 0.10% at 99.75.