Noida, July 3 (APAC Media): Indian benchmark equity indices Sensex and Nifty extended their winning streak for a third consecutive session on Friday, supported by strong buying in information technology and pharmaceutical stocks despite mixed global market cues.
The BSE Sensex advanced 262 points, or 0.34 per cent, to close at 77,763.91, while the NSE Nifty 50 gained 95 points, or 0.39 per cent, to settle at 24,270.85, comfortably above the 24,250 mark.
Broader markets, however, delivered a mixed performance.
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The Nifty Midcap 100 index declined 0.19 per cent, reflecting profit-booking in select mid-cap stocks, while the Nifty Smallcap 100 index edged up 0.04 per cent.
Market participants remained focused on sector-specific buying, with IT and pharmaceutical stocks emerging as the day’s strongest performers.
Analysts attributed the gains to sustained investor confidence, selective value buying and optimism surrounding corporate earnings, even as global markets remained cautious amid mixed economic signals.
The latest rally has significantly strengthened benchmark indices over the past three trading sessions.
The Sensex has climbed nearly 1,300 points, representing a gain of around 1.7 per cent, while the Nifty 50 has advanced by more than 400 points, also rising approximately 1.7 per cent during the same period.
On a weekly basis, both benchmark indices posted gains of nearly 1 per cent, marking their fourth consecutive week of positive returns. The sustained upward momentum reflects continued domestic institutional buying and resilient investor sentiment despite global uncertainties.
Market experts said investors will closely monitor upcoming macroeconomic data, corporate earnings announcements and global developments for fresh trading cues in the coming sessions.
While broader market participation remained subdued compared with frontline indices, the overall trend continued to favour large-cap stocks, particularly in defensive and technology-orientated sectors.
–ENDS–
Disclaimer:Â Views expressed are those of experts and do not reflect APAC Media. This is for informational purposes only, not financial advice. We are not responsible for investment decisions. Please consult a qualified financial advisor before investing.
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