Stock Markets Soar Higher As Sensex Jumps Over 960 Points, Nifty Tests 24,400

Overnight, the Nasdaq Composite declined nearly 1.5 per cent, while the S&P 500 slipped just over 0.5 per cent. The Dow Jones Industrial Average also ended modestly lower.

Crude oil prices edged higher on Friday, with Brent crude hovering close to the psychologically significant $85 per barrel mark.

Source : ABPLIVE AI

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Key points generated by AI, verified by newsroom

• Indian benchmark indices Sensex, Nifty ended significantly higher Friday.
• Asian markets broadly declined following Wall Street tech sell-off.
• Crude oil rose, but gold, silver, rupee weakened.

The Indian benchmark indices ended higher on Friday as the Sensex jumped over 960 points to close trade at 78,151 and the Nifty gained over 260 points to end at 24,334 at 3:30 PM.

In the 30-share BSE Sensex, among the stocks that gained were TechMahindra, Kotak Bank, TCS, Reliance and Hindustan Unilever. Meanwhile, the laggards included stocks like NTPC, IndiGo, UltraCement, Trent and Bharti Airtel.

In the broader markets, the Nifty 100 index gained 0.87 per cent and the Nifty Smallcap 250 declined 0.58 per cent as volatility increased. Sectorally, the Nifty IT index gained 1.75 per cent and the Nifty Pharma index fell 1.40 per cent.

Previously, during the early morning session, the Sensex rallied more than 300 points and opened above 77,500, while the NSE Nifty50 climbed nearly 100 points to cross 24,150, around 9:15 AM.

Asian Markets Fall

Equity markets across the Asia-Pacific region traded lower on Friday after a technology-led sell-off on Wall Street dampened investor sentiment.

Japan's Nikkei 225 fell nearly 3 per cent, while the Topix index also traded sharply lower. Hong Kong futures pointed to a weaker opening, signalling cautious sentiment across the region. South Korean markets remained closed for a holiday.

The weakness followed broad-based selling in semiconductor stocks, which weighed heavily on investor confidence.

Wall Street Tech Rout Hits Asian Markets

US equity futures remained under pressure during Asian trading after technology stocks led losses in the previous session.

Overnight, the Nasdaq Composite declined nearly 1.5 per cent, while the S&P 500 slipped just over 0.5 per cent. The Dow Jones Industrial Average also ended modestly lower.

The decline was largely driven by weakness in semiconductor stocks, triggering profit-booking across the broader technology sector.

Crude Oil Holds Near $85 Per Barrel

Crude oil prices edged higher on Friday, with Brent crude hovering close to the psychologically significant $85 per barrel mark.

Brent futures traded around $84.81 per barrel, while US West Texas Intermediate (WTI) crude rose to approximately $79.52 per barrel.

Investors continue to monitor oil prices closely, as sustained increases could influence inflation expectations and corporate costs.

Gold, Silver Trade Lower

Precious metals eased in early trade.

Gold on COMEX edged marginally lower, while domestic prices also softened from the previous session. Silver prices declined in both international and Indian markets after posting sharp gains earlier this year amid geopolitical uncertainty.

FIIs Continue Selling; DIIs Provide Support

Foreign institutional investors (FIIs) remained net sellers on Thursday, offloading equities worth Rs 4,205.56 crore, according to provisional NSE data.

Domestic institutional investors (DIIs), however, continued to cushion the market by purchasing shares worth Rs 2,986.41 crore.

Rupee Weakens Against Dollar

The Indian rupee weakened marginally against the US dollar in the previous session, closing at 96.35 per dollar.

Meanwhile, the US Dollar Index (DXY) remained largely steady around the 100.74 level, reflecting continued strength in the greenback against a basket of major global currencies.