Indian Stock Market Soars: Sensex Surges Over 1,000 Points

The Indian stock market experienced a significant rally on Friday, with the benchmark indices closing markedly higher. The BSE Sensex soared by 1,046.30 points to settle at 82,408.17, while the NSE Nifty added 319.15 points, closing the day at 25,112.40. This surge was fueled by widespread buying across sectors and strong investor sentiment.

Sundar Kewat, a Technical and Derivatives Analyst at Ashika Institutional Equity, remarked that the Nifty began the session flat before sharply ascending to an intraday high of 25,078, ending firmly in positive territory. Key sectors such as Construction, PSU Banks, Financial Services, Auto, and Metals led the gains, mirroring optimism in the broader markets.

The derivatives market also displayed robust activity, with 186 stocks advancing and notable open interest increases in companies like Kaynes Technology and Mankind Pharma, indicating heightened trader participation. Rupak De, Senior Technical Analyst at LKP Securities, noted that Nifty's recovery after three days of consolidation signals a possible continuation of its short-term rally. The positive technical indicators and sectoral buying suggest sustained momentum in the sessions ahead.

(With inputs from agencies.)