The BSE Sensex jumped 747 points, or 0.92%, to close at 82,188, while the NSE Nifty rose 252 points, or 1.02%, to end at 25,003.
Analyst Reactions
Vinod Nair, Head of Research at Geojit Financial Services, said the Indian stock market responded optimistically to the RBI’s surprise and aggressive growth-push policy. The substantial rate cut and liquidity boost via the CRR reduction are expected to ensure swift transmission of lower rates, reinforcing the RBI’s commitment to supporting economic growth, boosting investments, and stimulating consumption.
“The RBI’s neutral stance moderated expectations for further rate cuts. Concerns remain over the tepid demand environment, as reflected in the unchanged GDP growth forecast for FY26. However, the immediate liquidity expansion and growth-focused measures should support investor confidence amid global uncertainties,” Nair said. He added that rate-sensitive sectors, including banking, real estate, automobiles, and consumer durables, were leading the rally.
US Markets
U.S. stocks ended higher on Friday, buoyed by a stronger-than-expected jobs report that eased concerns about an economic slowdown. Tesla also rebounded, recovering some ground after a steep sell-off in the previous session.
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The Dow Jones Industrial Average climbed 442.88 points (1.05%) to 42,762.62. The S&P 500 advanced 61.02 points (1.03%) to 6,000.32, while the Nasdaq Composite rose 231.50 points (1.20%) to 19,529.95.
European Markets
European shares extended their winning streak for a second consecutive week, supported by strong U.S. jobs data and easing worries over trade tensions. The pan-European STOXX 600 edged up 0.3% on Friday, ending the week with a 0.6% gain.
Technical View
According to Rupak De, Senior Technical Analyst at LKP Securities, the Nifty rose sharply following the RBI’s policy move and closed above the 25,000 mark after several sessions, signaling rising optimism. “Typically, a rally followed by consolidation results in an upward breakout. This time too, we expect Nifty to break out above the recent consolidation range,” he said.
“On the higher side, resistance is placed at 25,150. A move above this level—or a sustained close above 25,000—could push the index towards 25,350. On the downside, support is seen at 24,850. A breach below this could weaken the current rally and trigger profit booking,” he added.
Most Active Stocks by Turnover
The most actively traded stocks on the BSE in terms of value were Cochin Shipyard (Rs 4,533 crore), BSE (Rs 3,061 crore), HDFC Bank (Rs 2,977 crore), Bajaj Finance (Rs 1,834 crore), Axis Bank (Rs 1,742 crore), Eternal (Rs 1,727 crore), and ICICI Bank (Rs 1,686 crore).
Most Active Stocks by Volume
On the NSE, Vodafone Idea (39.88 crore shares), Reliance Power (13.64 crore), IDFC First Bank (12.17 crore), YES Bank (11.21 crore), JP Power (9.26 crore), Suzlon Energy (7.59 crore), and Eternal (6.62 crore) led in trading volume.
Stocks with Buying Interest
Shares of Godrej Industries, Neuland Labs, Ramkrishna Forgings, Century Textiles, Cholamandalam Financial Holdings, IDFC First Bank, and ICICI Lombard witnessed strong buying interest.
52-Week Highs and Lows
Over 119 stocks touched their 52-week highs on Friday, including HDFC Bank, while 43 stocks fell to their 52-week lows.
Stocks Under Pressure
Stocks facing significant selling pressure included ABB Power, Jyoti CNC Automation, Zen Technologies, GRSE, Lloyds Metals, GE T&D India, and Gillette India.
Sentiment Meter: Neutral
Overall market sentiment was neutral. Out of 4,156 stocks that traded on the BSE, 2,194 advanced, 1,832 declined, and 130 remained unchanged.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
