Indian benchmarks extend rally, Nifty crosses 25,000 for first time since February 2026
The Sensex rose over 1,700 points and the Nifty50 gained more than 2 % on Friday, marking a seventh consecutive session of gains as banks and financial services led the advance.
India's benchmark indices continued their upward trajectory on Friday, with the Sensex climbing 1,718.01 points, or 2.17 %, to close at 81,028.02. The Nifty50 added 493.75 points, a 2.01 % rise, to finish at 25,030.35, breaking the 25,000 barrier for the first time since late February 2026.
Mahindra & Mahindra, ICICI Bank and HDFC Life Insurance were the top gainers within the Nifty50, while the Nifty Private Bank sector outperformed the broader market. By contrast, the Nifty MidCap 100 and SmallCap 100 slipped 0.02 % and 0.82 % respectively.
Technical analyst Nagaraj Shetti of HDFC Securities noted that the Nifty formed a long bullish candle and broke a key resistance zone around 24,700-24,800, suggesting further upside toward 25,500, with immediate support near 24,750.
Research head Vinod Nair of Geojit Investments observed that Indian equities attracted foreign inflows as global markets faced pressure, citing lower crude prices, easing U.S. Treasury yields and a firmer rupee as factors enhancing the market’s relative appeal.