Indian stock markets rise despite tense week

New Delhi

Indian stock markets continued their upward trend this week, gaining nearly one per cent despite ongoing geopolitical tensions. The Sensex ended at 79,212.53 while the Nifty settled at 24,039.35. Markets moved within a narrow range for most of the week, with some profit-taking seen in the final session.

Experts say stability in global markets helped boost confidence. Talks between the U.S. and its trade partners eased fears about new tariffs. Also, foreign institutional investors (FIIs) brought fresh funds into Indian markets, lifting the mood. However, a terrorist attack in Jammu and Kashmir raised tensions between India and Pakistan, causing some investors to act with caution.

Sector-wise, IT stocks showed a strong rebound. The auto, pharma, and real estate sectors also did well. However, banking and FMCG stocks fell. Broader markets posted gains between 0.83% and 1.73%.

According to Bajaj Broking, charts showed signs of bullish strength, but also indicated profit booking at higher levels. If the Nifty moves above 24,365, it may rise toward 24,550. If not, it may remain between 23,500 and 24,350.

The Bank Nifty showed signs of correction after an 11% rally in the past seven sessions. Experts expect it to stay between 53,500 and 55,500.

Market watchers advise a cautious but positive stance. Hedged positions and careful stock selection are key. There will be opportunities for gains on both rising and falling stocks.

On the economic front, investors are watching for IIP data and HSBC’s Manufacturing PMI. Tensions between India and Pakistan will also stay in focus.