Market Wrap

Indian equity markets ended higher on the weekly expiry session, with the Nifty advancing 0.57% after opening firmly in positive territory and maintaining its upward momentum through the day. Persistent buying in select heavyweight stocks helped the benchmark index hold onto gains despite recent volatility, signaling improving investor confidence at lower levels. While the Nifty closed just below the psychologically important 24,000 mark, the market's ability to sustain strength reflects a constructive undertone.

On the sectoral front, the Nifty Auto index witnessed some profit-booking after recent gains. However, the broader trend remains favorable as the index continues to trade above its breakout zone and 200-day simple moving average, suggesting the sector could remain an outperformer in the near term. Global sentiment also provided support, with major European markets extending their gains and risk appetite remaining resilient amid improving expectations around growth and policy stability.

What's Ahead

Market participants will closely monitor upcoming corporate earnings, foreign institutional investor (FII) flows, and key global economic data releases for fresh direction. Sustained buying in heavyweight stocks, coupled with supportive global cues, could pave the way for Nifty to challenge and potentially reclaim the 24,000 level. However, investors should remain cautious of volatility stemming from global central bank commentary, crude oil price movements, trade-policy developments, and any earnings disappointments. As the earnings season gathers momentum, stock-specific action is likely to intensify, with companies delivering strong results and positive outlooks expected to attract investor interest.

Market Snapshots

Institutional Activity

Sectoral Performance