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Indian stocks finish higher after earnings-led Friday rally
The Nifty closed at 24,334.3, while the rupee hovered near a more than one-month low around 96.3 per dollar as oil prices spiked.
Indian equities ended a volatile week with modest gains, driven by a sharp Friday rebound as investors leaned on strong June-quarter earnings, according to LiveMint Markets. The Nifty 50 rose 0.5% for the week and jumped 1.1% on Friday to close at 24,334.30, while the Sensex gained 0.8% for the week, rising 1.25% on Friday to settle at 78,151.44, its highest close since 12 June 2026.
Technology stocks led the earnings-driven move, with the BSE Information Technology index up 3.83%. Other outperformers included consumer durables, up 2.3%, while oil and gas and energy shares advanced nearly 1% each, even as the breadth of gains stayed limited.
Market sentiment remained cautious for much of the week amid renewed US Iran tensions, which helped lift crude prices and pressured the rupee. Crude surged to above $85 a barrel from about $75 the prior week, stoking concerns over inflation and India’s import bill, while the rupee hovered near a more than one-month low of around 96.3 per dollar.
Flow data also pointed to support despite caution, with foreign institutional investors selling about ₹6,000 crore for the week while domestic institutions bought more than ₹10,000 crore. LiveMint Markets also noted sector rotation signals, citing remarks that IT outperformance versus the broader market pointed to positioning changes rather than broad risk aversion, while underperformers included BSE Realty, down about 2%, and metals, down 1.7%.
Latest closeWTI crude $79.00 ▼0.8%|Sensex 77,185.43 ▲0.2%