Markets Rebound on Metal, Power & Banking Strength; Geopolitical Tensions Absorbed
Cautiously OptimisticIndian equity markets ended the week on a positive note despite intra-week volatility triggered by rising US-Iran geopolitical tensions. The Sensex closed at 82,815, up 0.38% on Friday, while Nifty 50 settled at 25,571, gaining 0.46%. Metal, power, and banking stocks led the recovery. Bank Nifty closed at 61,172 after staging a strong rebound from intra-week lows. Gold surged past Rs 1.59 lakh per 10 grams on safe-haven demand. The rupee weakened further to Rs 90.73 against the US dollar.
Key Points This Week
- 1Sensex closed at 82,815, up 316 points (+0.38%) on Friday. Nifty 50 gained 117 points (+0.46%) to settle at 25,571. Markets recovered well after geopolitical jitters earlier in the week.
- 2Bank Nifty closed at 61,172, rebounding sharply after opening 112 points lower. Banking sector formed a bullish candle, signalling strong recovery momentum with support at 60,950.
- 3Gold prices surged to Rs 1,59,430 per 10 grams (24K), rallying for the fourth consecutive session. MCX April futures crossed Rs 1.59 lakh driven by global uncertainty and central bank buying.
- 4USD/INR crossed Rs 90.73 as the rupee continued its weakening trend. The currency has depreciated significantly from Rs 83 levels seen a year ago, impacting import costs but benefiting IT exporters.
- 5Nifty Midcap 150 traded near its 52-week high zone around 22,094. Midcap space showed resilience with selective stock-picking opportunities emerging in quality names.
- 6Top gainers included NTPC (+2.70%), L&T (+2.33%), and HUL (+1.71%), while IT names like Infosys (-1.28%) and Tech Mahindra (-1.03%) dragged.
SIP Investor Advice
Markets absorbing geopolitical tensions and still closing positive is a sign of underlying strength. Your SIP continues to buy units at current levels. The rupee depreciation actually benefits equity markets long-term through export competitiveness. Gold at all-time highs reminds us why equity SIP remains the best wealth creator over 10+ year horizons. Continue your SIPs without interruption.
Market data shown is illustrative/sample only. Not real-time. All information is for educational purposes and should not be construed as investment advice. Past performance does not guarantee future returns.
