Sensex Gains 150+ Points, Nifty Surpasses 24,500 Amid FMCG Stock Rally

Sensex Gains 70 Points, Nifty Reclaims 24,500 as FMCG Stocks Rally.

Indian equities opened higher on Friday, rebounding after a two-day sell-off. The BSE Sensex rose 70 points (0.09%) to 80,217, while the Nifty50 gained 44 points (0.18%) to 24,545, crossing the 24,500 mark.

Investor focus is on Reliance Industries’ 48th AGM later today, where updates on doubling Jio and Retail earnings and strategy for the New Energy vertical are expected. Markets will also track India’s Q1FY26 GDP data and April–July fiscal deficit numbers.

Market Snapshot:

• Nifty MidCap +0.14%, Nifty SmallCap +0.25%
• Sectoral leaders: FMCG +1%; laggards: Auto -0.28%

Kotak Securities’ Shrikant Chouhan said Nifty’s 24,600 level is a key resistance. A sustained move above could extend gains to 24,725–24,800, while a dip below may drag it to 24,350–24,300.

Global Cues:

• Asian markets were mixed; Japan’s Nikkei -0.33%, South Korea -0.17%
• China eyes Alibaba and BYD earnings; Goldman Sachs raised CSI 300 target to 4,900
• US markets closed higher overnight: S&P 500 +0.32%, Nasdaq +0.53%