Markets Extend Gains for Second Session; Metal, Telecom Sectors Lead
Indian benchmark indices, Sensex and Nifty 50, extended their gains for the second straight session on Friday, supported by buying in metal and telecom stocks amid positive global cues. The BSE Sensex climbed 223.86 points (0.28%) to close at 81,207.17, fluctuating between 81,251.99 and 80,649.57 during the session—a 602-point range. Similarly, the Nifty 50 rose 57.95 points (0.23%) to settle at 24,894.25.
For the week, the Sensex advanced 780.71 points (0.97%), while the Nifty gained 239.55 points, also up 0.97%.
Vinod Nair of Geojit Financial Services said momentum is likely to continue in H2 FY26 on the back of strong earnings and seasonal demand, though global trade issues and U.S. policy moves may cause short-term fluctuations. The recent 25 bps Fed rate cut and potential further easing could improve FII inflows, especially as India’s valuation premium over EM peers has moderated.
Expert Stock Picks
- Indian Bank: Buy at ₹765.95, target ₹818, stop-loss ₹740 – bullish trend with rising volume.
- TVS Motor: Buy at ₹3,447, target ₹3,700, stop-loss ₹3,350 – strong support at ₹3,350.
- JB Chemicals: Buy at ₹1,668, target ₹1,750, stop-loss ₹1,640 – solid base and upward trend.
- PNB: Buy at ₹114, target ₹119, stop-loss ₹109 – sustained bullish setup.
