The Sensex surged over 960 points and the Nifty climbed more than 1% on Friday, driven by strong Q1 earnings optimism and buying in IT and banking stocks. Analysts said domestic institutional investors are rotating into attractively valued large-cap stocks, while selective profit booking in mid- and small-caps continues. Consumer durables also remain in focus on improving demand expectations.
Nifty’s Friday rebound has broken its recent range, but a sustained uptrend is yet to be confirmed. Geojit’s Anand James sees 24,400 as near-term resistance and flags India Cements and Bharat Forge as top trading picks.
The Nifty ended the week with modest gains as the index defended the crucial 23,800–24,000 support zone, keeping the broader technical structure positive. Analysts expect the next move to hinge on the 24,500 resistance level, where the 100-week moving average could pose a hurdle. A breakout above this zone may revive stronger upside momentum, while support remains intact.
Veteran strategist James 'RevShark' DePorre challenges the passive "buy and hold" mantra, arguing investors should stay alert and react to market conditions rather than predict them. Capital preservation and disciplined risk management form the backbone of his five-point investing philosophy.
Investors must hold shares in their demat accounts on the respective record dates to be eligible. Here is the complete day-wise list of key corporate actions to track.
Last week marked a significant uplift in the market valuation of five of the top 10 firms, appreciating by Rs 1.54 lakh crore. Tata Consultancy Services claimed the spotlight, boosting its valuation by Rs 72,072.3 crore. ICICI Bank and Reliance Industries also experienced notable increases. However, the tide turned for HDFC Bank and Bharti Airtel, which faced declines. Overall, Indian equity markets concluded the week on a robust note.
Axis Bank on Saturday reported a 23% year-on-year increase in standalone quarterly net profit, aided by lower provisions, even as its pre-provision operating profit grew just 1.3%.
MF Performance
Major Indices
