Indian equity markets opened sharply higher on Friday, with the BSE Sensex gaining more than 700 points and the Nifty 50 climbing 0.84% in early trade.
The broad-based rally was driven by a strong overnight performance in global technology stocks, which lifted sentiment across Indian IT names.
The positive momentum marks a continuation of the uptrend seen on Thursday, when the Sensex crossed the 77,400 mark and the Nifty 50 added 150 points.
Investors also welcomed signs of easing geopolitical tensions and stabilizing crude oil prices, factors that have weighed on emerging market equities in recent sessions.
The positive momentum marks a continuation of the uptrend seen on Thursday, when the Sensex crossed the 77,400 mark and the Nifty 50 added 150 points.
That previous session was fueled by falling crude prices and improving risk appetite.
Friday’s move suggests that the market is increasingly pricing in a stabilization of energy costs, a key variable for India’s trade balance and inflation outlook.