Investors were upbeat , pushing benchmark stock indices up 1%, buoyed by domestic factors including corporate earnings from blue chips.
Benchmark 50-share Nifty and 30-share Sensex were up 1% to 24,334.30 and 78,151.45 points on Friday, over the previous session ,.
The indices opened mild , up just 0.23% over the previous close and steadily improved to the day’s close.
Expectations of healthy quarterly earnings from index heavyweights, including Reliance Industries and leading private sector banks, supported the positive momentum
This came despite the key global indicators not favouring the market, suggesting domestic factors led to the gain. Brent crude has remained elevated (US$85.5/bbl) while the rupee remains near a one-month low of ₹96.3/US dollar.
“Indian equities are expected to witness a gradual uptrend next week, on the back of a strong Q1FY27 earnings season so far, which is likely to remain the key driver of sectoral and stock-specific performance. With several index heavyweights reporting earnings over the weekend, investor focus will remain on management commentary and earnings reactions, which are expected to shape sectoral performance and define the near-term market narrative,” said Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd
Published - July 17, 2026 06:56 pm IST