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• Equity Benchmark Sensex gained over 200 points and Nifty closed above 23700 levels supported by a sharp decline in crude oil prices, optimism around a potential US-Iran peace agreement, record-high closes in U.S. markets, and a strong recovery in the rupee.

• Brent crude prices declined more than 3% to fall below $105 per barrel, while the USD/INR dropped nearly 1% from its recent peak to close near the 95.7 level, significantly improving overall market sentiment. Investors remained optimistic that easing geopolitical tensions in the Middle East could reduce pressure on global energy markets and inflation expectations.

• Nifty gained 94points or 0.4% to close at 23748, while Sensex rose 231 points or 0.3% to close at 75415. Sector-Wise, most of the sectors ended on a flat note, while Nifty Pharma witnessed profit booking and fell over 1%.

• Among the global markets both Asia and European market gained along with US Index Future surge as investor sentiment strengthened through on hopes that diplomatic progress between US-Iran could stabilise energy supplies after turbulence from the Middle East conflict, even as crude prices ticked higher on the day. +231.99 (+0.31%)

Technical Outlook:

• Nifty index opened positive and inched upwards in the first half of the session but failed to cross 23850 zones and sunk lower in the latter part of the day. It respected the morning low and finally closed near 23750 zones with gains of around 100 points. It formed a bullish candle on daily frame with longer upper shadow and a bullish candle and an inside bar on the weekly frame which suggests lack of follow up buying. Now it has to hold above 23700 zones for an up move towards 23950 then 24100 zones while on the downside support can be seen at 23600 then 23500 zones.

• S&P BSE Sensex index opened on a flattish note and witnessed buying interest right from the first tick. In the second half momentum faded as the index failed to hold above its hurdle zones and witnessed some profit booking. It formed a bullish candle on the daily chart with longer upper shadow indicating lack of strength at higher levels. On the weekly scale it formed an inside bar and now requires a breakout of the range for the next leg of the rally. Now it has to hold above 75000 zones for an up move towards 75800 then 76200 levels while support is placed at 75000 then 74700 zones.

Derivative Outlook:

• Nifty future closed positive with gains of 0.61% at 23776 levels. Positive setup seen in Astral, Dixon, VBL, MFSL, Trent, Page Industries, Axis Bank, Siemens, Sonacoms and Wipro while weakness seen in Auro Pharma, Glenmark, LTM, Waaree Energies, Alkem, Powergrid, CAMS, Kfintech, Max Health and Sun Pharma.

• On option front, Maximum Call OI is at 24000 then 23800 strike while Maximum Put OI is at 23000 then 23500 strike. Call writing is seen at 23800 then 24000 strike while Put writing is seen at 23700 then 23750 strike. Option data suggests a broader trading range in between 23200 to 24200 zones while an immediate range between 23500 to 24000 levels

• Dalmia Bharat – Company inks deal to acquire 5.2 MnTPA cement capacity from Jaiprakash Associates (Adani Group) for Rs 2,850 Cr, boosting its total capacity to 54.7 MnTPA.

• LTM – Company via LTIMindtree UK, plans to acquire Randstad's $500M tech and consulting business in Europe and Australia, expanding AI-driven solutions and regional presence.

• Va Tech Wabag – Compnay secures a medium-value order from Delhi Jal Board to design, build, and operate a 17 MGD wastewater treatment plant in Delhi, enhancing water sustainability.

• Transformers and Rectifiers (India) Ltd – Company wins Rs. 228.26 Cr order from GETCO for manufacturing transformers and reactors, to be delivered by August 2028.

• MTAR Technologies secures a $48.68M (Rs 467.30 Cr) international purchase order, marking significant business growth with execution by mid-2027.

• SPML Infra – Company secures Rs 165.41 Cr contract from RRVPNL to build a 400 kV Grid Substation in Kota, Rajasthan, boosting its power infrastructure portfolio.

• Alembic Pharmaceuticals – Company secures USFDA final approval for Levothyroxine Sodium Tablets USP, a key generic drug with a $1.87B market size, boosting its US portfolio.

• Godrej Properties – Company partners with Tata Projects for INR 1,100 crore construction contracts across 3 luxury projects on Golf Course Road, Gurgaon, marking its largest single contract award to date.

Global Market Update

• European Market - European stocks look set to end the week on the front foot and signs of stabilizationin German business expectations will add to their appeal. UK, Germany and France Index gained up to 0.5% as investor sentiment strengthened through the session on hopes that diplomatic progress could stabilise energy supplies after weeks of turbulence from the Middle East conflict, even as crude prices ticked higher on the day.

• Asian Market – Asian markets rallied Friday as optimism over US-Iran talks boosted regional equities, while rising oil prices kept inflation concerns in focus.. Japan, Australia and China and South Korea Index gained up to 3%.

• US Data - 1-Year Inflation expectation.

• Commodity - Oil prices jumped 3% to above $105/bbl on Friday as investors saw few signs of concrete progress in talks to establish a peace deal between the United States and Iran.

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