MUMBAI: The BSE Sensex closed 260 points higher on Friday, lifted by optimism around a potential India-US trade deal, record-high GST collections in April, and steady foreign fund inflows. A firm global market trend also supported sentiment.
After a sharp rally during the day, the 30-share Sensex trimmed gains to end 259.75 points or 0.32 per cent higher at 80,501.99. It had surged as much as 935.69 points or 1.16 per cent to a high of 81,177.93 earlier in the session.
The NSE Nifty settled just 12.50 points or 0.05 per cent higher at 24,346.70 in a volatile session.
“The Nifty-50 surged over 1 per cent intraday to hit a high of 24,589 – its highest in calendar year 2025. However, profit-taking pulled the index back by close. Optimism remains around a possible India-US trade deal, robust GST numbers, and continued FII inflows,” said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services.
Adani Ports
Among Sensex constituents, Adani Ports gained over 4 per cent after reporting a 50 per cent jump in its March quarter net profit and issuing a strong revenue growth forecast for the current fiscal, backed by higher port volumes and robust logistics growth.
Other notable gainers included Bajaj Finance, IndusInd Bank, State Bank of India, Maruti, Tata Motors, ITC, Tata Steel, and Reliance Industries. On the losing side were Nestle, NTPC, Kotak Mahindra Bank, Power Grid, and Titan.
“Markets were extremely volatile in the first half, swinging nearly 1,000 points, before turning range-bound and ending higher on selective buying in banking and IT stocks. Profit-booking hit the broader markets after the recent rally. Geopolitical tensions and the ongoing tariff war have made investors cautious,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
The BSE Midcap index slipped 0.41 per cent, while the Smallcap index declined 0.07 per cent.
Among sectoral indices, services rose 1.67 per cent, oil & gas gained 0.69 per cent, energy 0.57 per cent, BSE Focused IT 0.49 per cent, and IT added 0.45 per cent. On the flip side, telecom dropped 2.06 per cent, consumer durables fell 1.66 per cent, power declined 0.96 per cent, utilities 0.93 per cent, metals 0.62 per cent, and realty 0.56 per cent.
According to Vinod Nair, Head of Research, Geojit Financial Services, recent gains have prompted profit-booking and sector rotation, particularly into IT. “The easing dollar and improving prospects in US-China trade talks are tailwinds for emerging markets like India in the medium term,” he said.
GST at record high
India’s Goods and Services Tax (GST) collections reached a record Rs2.37 lakh crore in April, up 12.6 per cent year-on-year. The finance ministry attributed this to the resilience of the economy and effective cooperative federalism.
Meanwhile, the HSBC India Manufacturing PMI rose from 58.1 in March to 58.2 in April, marking the fastest pace of expansion since June 2024, supported by strong order growth.
Among Asian peers, South Korea’s Kospi, Japan’s Nikkei 225, and Hong Kong’s Hang Seng ended higher, while China’s Shanghai Composite closed marginally lower. European markets were trading higher. US markets ended in the green on Thursday.
Global oil benchmark Brent crude eased 0.82 per cent to $61.62 a barrel.
Foreign institutional investors (FIIs) bought equities worth Rs50.57 crore on Wednesday, as per exchange data. Markets were shut on Thursday for Maharashtra Day.
On Wednesday, the Sensex had slipped 46.14 points or 0.06 per cent to 80,242.24, while the Nifty ended 1.75 points or 0.01 per cent lower at 24,334.20.
For the week, the Sensex rose 1,289.46 points or 1.62 per cent and the Nifty advanced 307.35 points or 1.27 per cent.
