Indian stock markets started Friday's trading session on a positive note. Both major benchmark indices opened in the green, reflecting cautious optimism among investors.
Opening Numbers Show Strength
The Nifty50 index opened above the 25,700 level, while the BSE Sensex gained more than 200 points in early trading. At 9:16 AM, specific numbers painted a clear picture of the market's direction.
The Nifty50 was trading at 25,712.30, showing an increase of 47 points or 0.18%. Meanwhile, the BSE Sensex stood at 83,611.83, registering a gain of 229 points or 0.27%.
Analysts Predict Range-Bound Movement
Market experts believe stock markets will likely remain range-bound in the coming sessions. Investors are closely tracking several key factors that could influence market direction.
Corporate earnings reports are drawing significant attention. Developments related to the India-US trade deal are being watched carefully. Many market participants are also positioning themselves ahead of Budget 2026.
Expert Commentary Provides Insight
Anand James, Chief Market Strategist at Geojit Investments Limited, shared his technical perspective on market movements. "The support provided by 25600 has allowed a reversal pattern to mature," James explained.
He expressed hope that Wednesday's late recovery could have more legs. "We will, however, look for consistent trades above 25715 to pursue such upsides," James noted. He suggested such moves could ideally aim for 26020.
James also highlighted potential downside risks. "While we had taken a limited downside view on Wednesday, the potential for 25060 appears higher today," he cautioned. He indicated this scenario could materialize if markets slip below the 25600 level.
Global Markets Show Mixed Signals
Wall Street stocks ended higher on Thursday after two consecutive sessions of losses. Strong quarterly earnings from major financial institutions drove this recovery.
Morgan Stanley and Goldman Sachs posted sharp gains following their robust results. US chipmakers also advanced after Taiwan Semiconductor Manufacturing Company reported better-than-expected performance.
Asian equities are heading for their longest weekly rally since May. Sustained optimism around artificial intelligence developments continues to support this upward trend.
Institutional Activity in Indian Markets
Foreign portfolio investors adopted a cautious stance in Indian markets. They were net sellers of equities worth Rs 4,781 crore on Wednesday, according to provisional data.
Domestic institutional investors provided counterbalancing support to the market. They bought shares worth Rs 5,281 crore during the same trading session, demonstrating confidence in domestic equities.
Market participants will continue monitoring these institutional flows for clues about future market direction. The interplay between foreign and domestic investors often creates interesting dynamics in Indian stock markets.
Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.
