Indian equity markets closed higher on Friday, with benchmark indices extending their gains and the Nifty 50 settling at a record closing high, supported by positive technical cues and steady domestic sentiment.
The Sensex ended the session up by 573.41 points, or 0.67 per cent, at 85,762.01, while the Nifty 50 advanced 182 points, or 0.70 per cent, to close at 26,328.55. The rally marked a fresh milestone for the broader market, with buying interest visible across key sectors.
Markets opened the day on a cautious note with marginal gains, as investors assessed limited global cues amid New Year holidays in several Western markets. Sentiment, however, improved through the session, lifting both benchmarks to fresh highs.
The Indian rupee ended lower at 90.19 against the US dollar, compared to Thursday’s close of 89.96.
Rupak De, senior technical analyst at LKP Securities, said the Nifty’s move above its previous swing high reinforced a positive trend bias. He noted that a bullish crossover of the 20-day and 50-day exponential moving averages had strengthened the upward structure, while a breakout in the daily relative strength index signalled improving momentum.
De added that the near-term trend is expected to remain firm, with a buy-on-dips approach favouring bulls as long as the index sustains above 26,000. A decisive move above 26,350 could pave the way for an advance towards 26,600 in the short term.
Nilesh Jain, head of technical and derivatives research at Centrum Broking, said the Nifty extended its uptrend for the third consecutive session, breaking out of a symmetrical triangle pattern on the daily chart and touching a fresh all-time high of 26,340, supported by broad-based short covering.
Ponmudi R, chief executive officer of Enrich Money, said Indian equity markets closed on a firmly bullish note, backed by stable domestic macroeconomic fundamentals and confidence in India’s medium-term growth outlook. He said selective buying across automobile, metal and banking stocks reinforced investor confidence, even as stock-specific volatility persisted in some counters.
He added that the broader market continued to draw strength from resilient consumption trends and sustained government-led capital expenditure, with expectations around the upcoming earnings season remaining constructive, particularly for banking, infrastructure, consumer goods and manufacturing-linked sectors.
Vinod Nair, head of research at Geojit Investments, said global markets began 2026 on a positive note after the New Year holiday, while strong domestic automobile sales helped Indian equities touch fresh all-time highs. He said investor attention is now shifting to third-quarter earnings, which are expected to guide near-term market direction, amid supportive fiscal policies and gradual monetary easing.
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