Indian equity benchmarks posted sharp gains on Friday, with the Nifty 50 rising 0.83% to close at 24,375.65.
The broad-based rally was driven by optimism in the information technology sector, which responded positively to softer-than-expected US jobs data that reinforced expectations for potential Federal Reserve rate cuts.
Fifteen of the 16 sectoral indices finished in positive territory, signaling widespread investor confidence despite lingering macroeconomic uncertainties.
Amid the market-wide strength, Axis Securities analyst Rajesh Palviya identified specific equities for immediate attention.
In a note to clients, Palviya highlighted Five-Star Business, Apollo Tyres, and Exide Industries as key buy opportunities for the trading session.
These recommendations align with the firm’s broader strategy of targeting resilient mid-cap names that benefit from domestic consumption trends and sector-specific tailwinds.