The BSE Sensex in India closed approximately 0.6% higher on Friday, reaching 83,952—its highest level since June 27. This marks the third consecutive session of gains. Positive market sentiment was bolstered by optimism surrounding corporate earnings, consistent foreign investments, and the anticipated interest rate cut in December. However, investors remained cautious due to global uncertainties, particularly the ongoing US-China trade tensions and the extended US government shutdown.
In the equities sphere, Asian Paints notably continued its upward trajectory for the third day, increasing by over 4%. This is attributed to positive expectations regarding its international growth, following the launch of commercial production at its new white cement facility in Fujairah, UAE. Nestle India shares also experienced an uptick, rising by as much as 2.5%, building on yesterday's gains, after the company's second quarter FY26 results exceeded expectations in both sales and profitability.
Additionally, major banks such as HDFC Bank and ICICI Bank saw advances of 1.5% and 0.7%, respectively. Reliance Industries climbed 1.3% ahead of its second quarter earnings report, which was scheduled to be released after trading hours. Over the course of the week, the index showed a robust increase of about 1.7%.
