Stock Market Outlook: The equity benchmark indices Sensex and Nifty rebounded by over 1 percent on Friday. Lower crude prices also aided investor sentiment. The Sensex jumped 918.60 points or 1.2 percent to settle at 77,550.25. During the day, it surged 990.85 points or 1.29 percent to 77,622.50. The Nifty climbed 275.50 points or 1.16 percent to end at 24,050.60.
For the week, the Sensex and Nifty gained nearly 6 percent each, marking their best weekly performance since February 2021 and snapping a six-week losing streak.
Stock Market Outlook: US-Tran Talks
Meanwhile, the US and Iran failed to reach an agreement to end their war despite marathon talks that concluded on Sunday in Islamabad, with both sides blaming each other for the breakdown of the 21-hour negotiations. The conflict, which began on February 28, has pushed global oil prices higher.
In a brief press conference, US Vice President J D Vance did not mention reopening the Strait of Hormuz, a key route for global energy supplies that has remained blocked since the conflict began. The development is expected to remain in focus for market movement this week.
Stock Market Outlook: Q4 Earnings
Meanwhile, the Q4 FY26 earnings season has already begun, with key results from companies such as Wipro, HDFC Bank and ICICI Bank due during the week.
Stock Market Outlook: Support, Resistance Levels
Ajit Mishra, SVP, Research, Religare Broking Ltd, said the index has witnessed a swift recovery and retraced nearly four weeks of losses, indicating potential for further upside towards the 24,300–24,700 zone.
"A moderation in the volatility index, India VIX, now around 19, is adding to investor comfort. Traders should maintain a positive yet cautious stance, with the index needing to hold decisively above the key level of 23,500 (20 DEMA)," he added.
The markets will remain shut on April 14 to observe Dr. Baba Saheb Ambedkar Jayanti.
