Indian shares ended higher for a fourth straight session on Friday, with optimism around upcoming Union Budget and expectations for a rate cut by RBI next week helping underpin sentiment.
Investors also reacted positively to the Economic Survey 2025 tabled in the Parliament today that pegged GDP growth at 6.3-6.8 percent for FY 26.
The Economic Survey highlighted many upsides to domestic investment, output growth and disinflation in FY26 but cautioned about equally strong, prominently extraneous, downsides.
Global cues were positive as encouraging earnings updates from Apple and Intel offset Trump’s renewed tariff threats and concerns over China’s growing AI capabilities.
The benchmark S&P/BSE Sensex ended the session up 740.76 points, or 0.97 percent, at 77,500.57, after having hit a high of 77,605.96 earlier.
Similarly, the broader NSE Nifty index hit an intraday high of 23,546.80 before paring some gains to close at 23,508.40, up 258.90 points, or 1.11 percent, from its previous close.
The mid-cap and small-cap indexes on the BSE both surged around 1.8 percent.
The market breadth was positive, with 2,736 shares rising on the BSE, while 1,188 shares declined, and 123 shares ended unchanged.
Larsen & Toubro, Coal India, Trent, BEL and Tata Consumer Products surged 4-6 percent in the Nifty pack while Bharti Airtel and ITC Hotels both fell around 1 percent.
Sensex, Nifty Extend Gains With All Eyes On Budget 2025
2025-01-31 10:20:15
