Indian benchmark indices ended mixed on Friday, with the Nifty 50 gaining over 75 points while the Sensex closed marginally lower, as easing crude oil prices provided some relief to domestic equities. However, persistent foreign institutional investor (FII) outflows and elevated dollar levels remained key concerns for investors.
The Nifty 50 index closed at 23,346.40, with a gain of 75.80 points or 0.33 per cent, while the BSE Sensex closed at 74,294.96, with a dip of -19.63 points or -0.03 per cent. Market sentiment remained cautious as investors continued to track global cues, crude oil prices and institutional flows.
Among sectoral indices on the NSE, Nifty Realty was the biggest gainer, rising 1.64 per cent. Nifty Media surged 1.38 per cent, while Nifty Metal gained 1.24 per cent.
Nifty Auto rose 0.55 per cent, Nifty Pharma gained 0.54 per cent and Nifty PSU Bank also increased 0.54 per cent. Nifty FMCG gained 0.20 per cent. The only sectoral index to close in the red was Nifty IT, which lost 1.73 per cent.
Crude oil prices continued to decline on Friday. Brent crude oil prices were down 1.39 per cent at USD 103.31 per barrel at the time of reporting. Despite the recent decline, crude oil prices remain elevated over the longer term. The movement in crude prices remains an important monitorable for Indian markets, as investors continue to assess its impact on inflation and the broader economic environment.
Meanwhile, gold prices were trading higher on Friday at Rs 1,53,960 per 10 grams for 24 karats. Silver prices also surged 1.53 per cent to Rs 2,41,898 per kg at the time of reporting.
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