Broad-Based Rally Lifts Indian Markets: Nifty Ends Above 25,000, Midcaps Shine

Indian equity markets staged a stellar recovery on Friday, despite escalating tensions between Iran and Israel, with the Nifty reclaiming the 25,000 mark after six trading sessions.

For the week, the benchmark indices gained nearly 1.5%.

On Friday, the Sensex surged 1,046 points to close at 82,408, while the Nifty 50 rallied 319 points to finish at 25,112.

Broader markets outperformed, recovering from the steep sell-off on Thursday. The Nifty Midcap index ended 1.5% higher, and the Smallcap index rose 1%.

The retail investor sentiment surrounding the Nifty 50 remained ‘bearish’ on Stocktwits. 

Sectorally, all indices ended in the green, with real estate (+2%), PSU banks (+1.6%), metals and auto stocks (+1%) leading the gains. 

Trent, Jio Financial, M&M, and Bharti Airtel were the top Nifty gainers, rising over 3%. Only six Nifty stocks ended in the red, led by Hero Motocorp, down 1.2%. 

The Reserve Bank of India eased project financing regulations, sparking a rally in shares of REC (+3%), PFC (+4%), IREDA (+4%), and HUDCO (+4%). 

Dreamfolks shares remained under pressure amidst the recent sell-off after the company clarified that they had not lost any clients. The stock ended 2% lower on Friday. 

Kaynes Tech shares surged 4% as the company launched a ₹1,600 crore qualified institutional placement (QIP). 

Hindustan Aeronautics (HAL) rose over 1% after the company won a bid to make small satellite launch rockets.

Globally, European markets traded higher, and Dow Futures indicated a cautious opening for Wall Street. 

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