Markets Rebound Despite IT Sector Weakness
Domestic equity benchmarks recovered from a gap-down opening and ended firm on Friday, with Nifty rising 116.90 points to 25,571.25 and the BSE Sensex gaining 316.57 points to 82,814.71. SBI Securities' Sudeep Shah said narrow consolidation and elevated volatility point to a near-term sideways phase, flagged IT-sector weakness and recommended avoiding bottom-fishing, while Bank Nifty trades near record highs and a US Supreme Court tariff ruling may lift sentiment.
Key Points
- 1Nifty rebounds 116.9 points to 25,571.25; Sensex gains 316.6 points, markets end firm
- 2IT stocks drag amid elevated volatility; US Supreme Court tariff ruling may lift global sentiment
- 3Recommend avoiding bottom-fishing in IT; monitor Bank Nifty breakout and key support/resistance levels
Scoring Rationale
Moderate market insight plus actionable levels, limited by single-source analyst commentary and sector-specific focus, reducing breadth.
Sources
Public references used for this report.
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