Boosted by the RBI’s latest monetary policy signals, Dalal Street ended Friday on a high, with the Sensex climbing 266.47 points (0.32%) to 83,580.40 and Nifty 50 rising 50.90 points (0.20%) to 25,693.70.
Consumer-facing sectors drove the momentum. ITC led with a 5 percent rally, HUL gained 2.96 percent. Indices like Nifty FMCG (+2.27%), Consumer Durables (+0.96%), Consumption (+0.71%), Realty (+0.63%), Private Bank (+0.63%), Energy (+0.61%), and Oil & Gas (+0.51%) all closed positive.
Conversely, Nifty IT shed 1.47 percent, Pharma 0.72 percent, India Defence 0.66 percent, Healthcare 0.62 percent, and Auto 0.52 percent.
Sensex standouts included ITC, Kotak Mahindra Bank, HUL, Bharti Airtel, Bajaj Finance, Power Grid, Bajaj Finserv, Titan, Axis Bank, ICICI Bank, M&M, and L&T. Decliners were Tech Mahindra, TCS, Asian Paints, Eternal, HCL Tech, HDFC Bank, Infosys, and BEL.
Largecaps outperformed, while Nifty Midcap 100 slipped 0.02 percent to 59,502.70 and Nifty Smallcap 100 dropped 0.27 percent to 16,938.65.
Sudip Shah from SBI Securities pointed out Nifty’s intraday low of 25,492 after a tepid start, rebounding to 25,694. Resistance is at 25,750-25,800, with upside potential to 26,000-26,200 on breakout. Support holds at 25,550-25,500.
As traders assess policy implications, focus shifts to Q4 earnings and macroeconomic data for sustained bullishness.