Key Highlights
- The broader markets also performed well, with the BSE Midcap index gaining 0.97% and the Smallcap index rising 0.79%.
- “The Nifty 50 ended the week on a strong note, gaining 1.10% to close at 26,328, supported by positive global cues and broad-based buying across sectors.
- Broader markets outperformed the benchmark, with key indices advancing between 3–6%, reflecting healthy market participation.
- Among sectoral performers, the Metal index led the rally with a sharp 6.3% gain, while Oil & Gas, Automobile, Banking, and Power sectors posted solid gains of around 3–4% each, highlighting widespread strength across the market,” said Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi.
- According to Dongre, Nifty decisively broke above the long-standing resistance zone of 26,000–26,300 and managed to sustain above this crucial psychological level on a weekly closing basis.
