IT and Auto Sectors Push Indian Indices Into Green Territory

The Indian stock market opened on Friday with a bullish start. At 9:16 a.m., the Sensex rose 367 points (0.48 percent) to 77,554, and the Nifty climbed 90 points (0.38 percent) to 24,163.

Technology stocks led the charge, with the Nifty IT index registering a 2 percent jump, emerging as the day’s top performer. Auto stocks also contributed positively, alongside services, private banking, financial services, and oil & gas, keeping the primary indices firmly in the green.

However, certain segments such as pharma, media, healthcare, metals, realty and FMCG slipped into red.

The day’s biggest gainers included Infosys, Tech Mahindra, TCS, HCL Technologies, M&M, ICICI Bank, Hindustan Unilever, Maruti Suzuki, HDFC Bank, Tata Steel, Axis Bank, SBI, Indigo, Bajaj Finance and Asian Paints. The laggards were Eternal, Sun Pharma, ITC, Bajaj Finserv, NTPC, UltraTech Cement, Trident and Bharat Airtel.

Market outlook suggests a limited trading range for the week, driven by a weakening rupee. Higher yields on U.S. Treasury bonds have curbed foreign banks’ ability to raise FCNR(B) deposits, further pressuring the Indian currency, which has depreciated over 1 percent this week, becoming the poorest‑performing Asian currency.

International markets displayed mixed signals: Tokyo, Shanghai, Hong Kong and Bangkok fell, while Jakarta rose. U.S. equities closed lower on Thursday, with the Dow down 0.20 percent and the Nasdaq down 1.47 percent.

Foreign Institutional Investors continued net selling, offloading ₹4,205.56 crore in equity, whereas Domestic Institutional Investors bought ₹2,986.41 crore.