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Market Commentary

Indian benchmark indices witnessed profit booking during the second half of the session amid escalating geopolitical tensions, prompting investors to reduce overnight risk exposure . Volatility remained elevated throughout the day, with sharp intraday swings driven by the weekly Sensex expiry . This cautious sentiment prevailed despite crude oil prices remaining near a three - month low, which otherwise provided some support to overall market sentiment .

* The Nifty 50 declined by 53 .35 points (- 0 .23 %) to close at 23 ,161.60 , while the Sensex fell 150 .63 points (- 0 .20 %) to settle at 73 ,832 .55 .

* On the sectoral front, Information Technology and Consumer Durables emerged as the key laggards, witnessing broad - based selling pressure throughout the session . On the positive side, Media and Private Banking stocks provided support to the market, while Healthcare and Pharmaceutical counters also ended with modest gains, reflecting a defensive bias among investors .

* Gift Nifty signals a gap up opening for the Indian market . Nifty spot in today's session is likely to trade in the range of 23 ,050 - 23 ,500 .

Global Updates

* Wall Street closed out Thursday's session in positive territory, completing a dramatic turnaround from the mid - week dump . High - flying technology and small - cap growth indices spearheaded the charge as market volatility imploded .

* Global market sentiment took a massive bullish turn after U.S . President Donald Trump announced that back - channel talks with Iran have progressed to the highest level and been approved . By dialing back immediate threats of military action, the sudden cooling of geopolitical tensions triggered an aggressive wave of short - covering and dip - buying across Wall Street, marking its best single - day performance in over two months .

* Asian markets surged this morning, aggressively reversing the mid - week tech selloff and following Wall Street’s macro - driven rebound . South Korea’s KOSPI soared 7.84 % to 8 ,372 .57 , Japan’s Nikkei 225 jumped 3.60 % to 66 ,530 .14, and Australia’s S&P/ASX 200 gained 1.72% to 8 ,781.5.

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