Indian equity markets closed sharply higher on Friday, driven by robust buying in index heavyweights ahead of the ongoing first-quarter fiscal 2027 earnings season.
The BSE Sensex surged 964.58 points, or 1.25%, to settle at a new session high, reflecting broad investor confidence in the upcoming corporate results.
5% following their earnings reports, marking a positive reception to their financial performance.
The rally was underpinned by strong performance in large-cap stocks, with investors positioning for earnings reports from the country's largest lenders and conglomerates.
The positive sentiment suggests that market participants are optimistic about the resilience of corporate earnings despite broader macroeconomic uncertainties.
The banking sector faces a critical quarterly test as more than 20 companies, including major lenders, announce their Q1 fiscal 2027 results.
Earlier in the week, shares of HDFC Bank and Axis Bank climbed as much as 2.5% following their earnings reports, marking a positive reception to their financial performance.