04 September,2026 05:14 PM IST | Mumbai | mid-day online correspondent
Representational Image. File pic.
The domestic equity benchmark indices recovered on Friday to snap their four-day losing streak on positive global cues as concerns over a US Federal Reserve rate hike eased, although the renewed tensions between USA and Iran made investors cautious.
The 30-share BSE Sensex advanced 362.57 points, or 0.48 per cent, to settle at 76,515.43. The 50-share NSE Nifty too traded in the positive territory, climbing 24.25 points, or 0.10 per cent, to end at 23,897.70.
"Indian benchmark indices ended marginally higher, snapping a four-session losing streak, supported by positive global cues after US Fed Governor Christopher Waller indicated that he would support keeping interest rates unchanged at the next policy meeting. However, the initial optimism faded as the Nifty touched an intraday high near the 24,000 mark before witnessing profit booking and closing near the lower end of the day's range," Pabitro Mukherjee, Deputy Vice President Research, Bajaj Broking said.
Among the 30 Sensex constituents, 20 ended higher. Tata Steel, Reliance Industries, Bajaj Finance, Trent, Adani Ports, HDFC Bank were the major gainers, while Bharti Airtel, HCL Technologies, Eternal, Asian Paints, Tata Consultancy Services, Tech Mahindra were among the laggards.
According to Vinod Nair, Head of Research at Geojit Investments, on the domestic front, stock and sector-specific buying remained evident across the broader market, with small-cap indices touching fresh intraday lifetime highs.
"Strong earnings momentum, resilient economic growth, and robust domestic demand continue to underpin investor confidence in the broader market," he said.
On Thursday, paring their early gains, the 30-share Sensex declined 417.49 points, or 0.55 per cent, to close at 76,152.86, while the 50-share Nifty dipped 41 points, or 0.17 per cent, to settle at 23,873.45.
According to news agency PTI, Brent crude, the global oil benchmark, fell 0.40 per cent to USD 95.14 per barrel.
"Indian equities witnessed a relief rally as concerns over an imminent US Fed rate hike eased. However, gains remained capped due to profit booking at higher levels and persistent geopolitical tensions in the Middle East," Nair said.
In Asian markets, Hong Kong's Hang Seng rose 1.74 per cent, South Korea's KOSPI advanced 1.64 per cent, and Japan's Nikkei 225 settled 1.28 per cent higher. Shanghai's SSE Composite index ended 0.30 per cent lower, as per PTI.
Foreign Institutional Investors (FIIs) sold equities worth Rs 2,345.87 crore on Thursday, while Domestic Institutional Investors (DIIs) remained net buyers, buying equities worth Rs 4,977.46 crore, as per PTI.
(With inputs from PTI)
