The Indian stock market ended the holiday-shortened week on a positive note, with the Sensex rising 0.39% to close at 77,100.47 and the Nifty gaining 0.18% to finish at 24,056. The Nifty reclaimed and sustained levels above the key 24,000 mark on Friday, reflecting resilience despite ongoing global uncertainties related to the US-Iran conflict, according to livemint.com.
Throughout the week, the market registered gains in three of the four trading sessions. The recovery was driven by investor confidence as the Nifty maintained its position above 24,000, a psychological and technical support level. The Sensex's steady advance to 77,100.47 was supported by buying interest across sectors, despite geopolitical tensions that have unsettled global markets, livemint.com reported.
This performance underscores the Indian market's ability to absorb external shocks, contrasting with volatility seen in other global indices amid the US-Iran war. The Sensex's weekly gain of 0.39% and the Nifty's hold above 24,000 are notable given the broader context of geopolitical risk, which has pressured markets worldwide. The resilience may attract foreign institutional investors seeking relatively stable emerging market opportunities, according to livemint.com.
Market participants will closely watch the upcoming trading sessions for confirmation of the Nifty's support level and the Sensex's momentum. The next week’s market direction will be influenced by developments in the US-Iran situation and domestic economic data, with the Nifty's ability to stay above 24,000 serving as a key indicator of investor sentiment, per livemint.com.