Blitz Bureau
Indian equities go into Monday’s session on a strong footing, after the BSE Sensex closed Friday at 77,764 — up 262 points — and the Nifty 50 ended at 24,271, capping a third consecutive daily advance and a fourth straight week of gains led by a sharp rebound in technology shares.
The rally was fed by softer-than-expected US jobs data that lifted the odds of earlier Federal Reserve easing, and by cooling crude oil prices. The Nifty IT index had its best day in more than a year last week as investors picked up beaten-down heavyweights such as Infosys, TCS and HCL Technologies ahead of the June-quarter earnings season.
India’s home-grown investors have become the market’s shock absorber — steadying equities even when foreign money heads for the exit.
At a Glance
- Sensex (Fri close): 77,763.91 (+261.79 pts, +0.34%)
- Nifty 50 (Fri close): 24,270.85 (+95.15 pts, +0.39%)
- Run: Third straight session, fourth straight week higher
- Watch: Q1 earnings, India–US trade signals
The breadth of the advance points to improving sentiment rather than a narrow rally, underpinned by sound earnings and macro stability as the Q1 results season gets under way this week.
The enduring story is the maturation of India’s capital markets: a widening domestic investor base channelling household savings into productive capital and cushioning short-term foreign outflows.
