Indian equities ended higher on Friday as both the Sensex and Nifty reversed early weakness, boosted by strong buying in financial and automobile stocks—two sectors highly sensitive to interest-rate movements. The rebound came after the Reserve Bank of India announced a 25-basis-point cut in its policy rate.
The S&P BSE Sensex climbed 447 points (0.52%) to close at 85,712.37, while the NSE Nifty 50 gained 153 points (0.59%) to finish at 26,186.45.
Stocks to watch today: IndiGo, Bajaj Finserv, Eternal, Ola Electric, Fino Payments Bank are expected to remain in focus amid multiple news-driven triggers.
GIFT Nifty outlook:
GIFT Nifty traded 17 points lower (0.06%) at 26,318, indicating a muted start for Monday’s session on Dalal Street.
Global cues:
U.S. markets ended the week with modest gains in a thin post-holiday session, supported by economic data that strengthened expectations of a Federal Reserve rate cut next week. Fresh Commerce Department numbers showed U.S. consumer spending rising 0.3% in September, matching forecasts.
