FX.co ★ Sensex, Nifty Extend Gains With All Eyes On Budget 2025

Indian stocks concluded on a positive note for the fourth consecutive session on Friday. This upward trend was fueled by optimism surrounding the forthcoming Union Budget and anticipated interest rate cuts by the Reserve Bank of India (RBI) expected next week.

The market also responded favorably to the Economic Survey 2025 presented in Parliament, which projected GDP growth to be between 6.3 and 6.8 percent for the fiscal year 2026. The survey underscored the potential benefits of domestic investment, output expansion, and disinflation in that period, while also warning of significant, external risks.

On the global front, the general outlook was positive. Encouraging financial reports from major players like Apple and Intel overshadowed concerns relating to President Trump’s renewed tariff threats and apprehensions about China's advancements in artificial intelligence.

The S&P BSE Sensex, the benchmark index, closed the day with a gain of 740.76 points, or 0.97 percent, settling at 77,500.57, having earlier reached a peak of 77,605.96. Likewise, the broader NSE Nifty index touched an intraday high of 23,546.80 before trimming some of its gains to finish at 23,508.40, which marked an increase of 258.90 points, or 1.11 percent, from the previous closing mark.

The BSE’s mid-cap and small-cap indices both saw a rise of about 1.8 percent. The market exhibited a positive breadth, with 2,736 shares advancing, while 1,188 shares fell, and 123 remained unchanged.

In the Nifty grouping, Larsen & Toubro, Coal India, Trent, BEL, and Tata Consumer Products experienced a surge of 4 to 6 percent. Conversely, Bharti Airtel and ITC Hotels registered a decline of approximately 1 percent each.