New Delhi, April 26
The Indian stock markets extended their recovery for yet another week, registering nearly a one per cent gain amid a phase of consolidation.
After an initial surge, the benchmarks traded in a narrow range through the middle of the week, before witnessing profit-taking in the final session. Ultimately, the Nifty and Sensex ended at 24,039.35 and 79,212.53 respectively.
According to analysts, global market stability, driven by ongoing discussions between the United States and its trade partners on new trade agreements, helped ease concerns about the impact of tariffs on global commerce.
“This, coupled with renewed foreign institutional investor (FII) inflows, bolstered market sentiment. However, rising geopolitical tensions between India and Pakistan — following a terrorist attack in Jammu and Kashmir — sparked investor caution and led to some profit-booking,” said Ajit Mishra–SVP, Research, Religare Broking Ltd.
Sector-wise, the sharp rebound in the IT sector stood out as a key driver.
Additionally, the auto, pharma, and real estate sectors also posted gains. Conversely, financials and fast-moving consumer goods (FMCG) sectors ended the week in the red. Broader market indices managed to close in the green, delivering gains in the range of 0.83 per cent to 1.73 per cent.