Benchmark indices Sensex and Nifty ended the week on a high, hitting their highest levels in 2025. The Sensex surged 1,000.36 points to close at 83,755.87, while the Nifty gained 304.25 points, ending at 25,549.
The rally was driven by strong performances in the metal, banking, and financial sectors. Tata Steel led the pack with a 2.62% rise, followed by Bajaj Finance, Bharti Airtel, and Adani Ports.
Investor sentiment was boosted by stability in the Middle East, easing concerns over supply disruptions. While FIIs trimmed holdings due to narrowing bond yield spreads, DIIs turned net buyers, supported by better domestic liquidity and consumption.
Sector-wise, Nifty Metal rose 2.31%, Nifty Oil & Gas 1.86%, and Nifty Financial Services 1.53%. Only Nifty Media and Nifty IT closed in the red.
India VIX fell 2.87%, reflecting reduced market volatility.
On the currency front, the rupee appreciated 33 paise to 85.75 against the U.S. dollar, backed by a drop in crude prices and a weak dollar index. Experts suggest the rupee may head towards 85.25 if current trends hold.
