Market wrap: Top gainers and losers on Nifty and Sensex today

The Indian stock market recorded sharp gains on Friday with Sensex and Nifty rising more than 1% to end the week on a positive note as strong Q1 earnings, sharp buying in IT stocks and other factors boosted investor sentiment, despite the global market crash.

The Sensex surged over 964 points to close at 78,151, while Nifty 50 gained around 262 points to end the session at 24,334 The rally came despite weakness in the broader market, with the Nifty Midcap 100 and Nifty Smallcap 100 indices declining up to 0.4%.



Here are today’s top gainers on Nifty

Here are today’s top gainers on Sensex

Here are today’s top losers on Nifty

Here are today’s top losers on Sensex

What lies ahead?

There is a shift in market momentum, with strong traction moving toward large-cap stocks, led by the IT and banking sectors, said Vinod Nair, Head of Research at Geojit Investments. He added that this is supported by optimism around business updates and Q1 earnings expectations.

"The trend appears to be driven largely by domestic institutional investors rotating out of expensive mid- and small-cap stocks and into more attractively valued large caps that offer a better risk-reward profile. At the same time, buying interest is emerging in consumer durables on expectations of healthy domestic demand in H2FY27. The broader market remains constructive, with a combination of selective profit booking and buying, as the overall outlook for India continues to improve," he further said.

Also read: Why Dalal Street soared on Friday despite global market crash?

Technical view on Nifty

"The index has broken out of a five-day consolidation phase, indicating improving optimism among traders and investors. The overall trend remains positive as the index continues to trade above its critical moving averages. Additionally, the RSI has entered a bullish crossover, reinforcing the positive momentum. In the near term, the index is likely to remain strong, with the potential to advance towards the 24,800 level. On the downside, immediate support is placed at 24,200. A decisive fall below this level could trigger a phase of consolidation," said Rupak De, Senior Technical Analyst at LKP Securities.


(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)