Indian Equity Markets Surge: Best Weekly Performance Since June
Indian equity markets closed strong on Friday, with NSE Nifty at 25,285.35 and BSE Sensex at 82,500.82, both up 0.40% daily and 1.60% weekly. Nifty IT surged 4.90% and Nifty Bank gained 1.80% for the week. Foreign portfolio investors (FPIs) turned net buyers, investing ₹459.20 crore on Friday and ₹3,950.00 crore over four days. Domestic institutions bought ₹1,707.80 crore on Friday. Market volatility decreased with India VIX closing at 10.10, down 0.20% daily and 4.00% weekly.
*this image is generated using AI for illustrative purposes only.
Indian equity markets closed on a high note Friday, marking their strongest weekly performance since late June. The rally was primarily driven by rebounds in the information technology and banking sectors.
Market Performance
| Index | Closing Value | Daily Change | Weekly Gain |
|---|---|---|---|
| NSE Nifty | 25,285.35 | 0.40% | 1.60% |
| BSE Sensex | 82,500.82 | 0.40% | 1.60% |
Sector-wise Performance
The week saw significant gains in key sectors:
| Sector Index | Weekly Gain |
|---|---|
| Nifty IT | 4.90% |
| Nifty Bank | 1.80% |
Investor Activity
Foreign portfolio investors (FPIs) turned net buyers, injecting substantial capital into the market:
| Investor Type | Friday's Net Buy | 4-Day Net Buy |
|---|---|---|
| FPIs | ₹459.20 crore | ₹3,950.00 crore |
| Domestic Institutions | ₹1,707.80 crore | - |
Market Volatility
The market saw a decrease in volatility:
| Indicator | Daily Change | Weekly Change | Closing Value |
|---|---|---|---|
| India VIX | -0.20% | -4.00% | 10.10 |
Market Sentiment
The market sentiment turned bullish as the Nifty crossed the 25,000 mark. Analysts are now focusing on the upcoming quarterly earnings reports over the next three weeks, which are expected to play a crucial role in determining whether the recent gains can be sustained.
The strong performance in the IT and banking sectors, coupled with increased foreign investment, suggests a positive outlook for the Indian equity markets. However, investors should remain cautious and keep an eye on the forthcoming earnings reports for a clearer picture of market direction.
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