Stock market news: On Friday, the domestic equity benchmark indices finished mostly unchanged, showing a slight uptick after the Reserve Bank of India’s (RBI) monetary policy committee decided to maintain the repo rate.
Investor optimism grew later in the day as the Sensex increased by 266.47 points, closing at 83,580.40, while Nifty 50 rose by 50.90 points to finish at 25,693.70. This week, Nifty 50 witnessed a 3.5% gain, and Nifty Bank saw a 2.92% increase, wrapping up on a positive note after two weeks of consecutive declines.
In terms of sector performance, PSU Bank, IT, and pharma experienced declines, whereas FMCG, oil and gas, consumer durables, private banks, and real estate sectors saw gains.
As per experts, the primary driving force behind market sentiment was the significant interim trade arrangement between India and the United States, which acts as a pathway to a detailed bilateral trade pact.
Key Monitorables:
- US and India’s Inflation print
- Brent Crude is heading towards 9 months resistance trend line placed at 72. Only a decisive close above 72 would result into extended rally.
Stocks To Buy This Week – Dharmesh Shah
Dharmesh Shah of ICICI Securities recommends buying Bharat Electronics Ltd (BEL).
Buy BEL shares in the range of ₹421-433. He has BEL share price target of ₹484 with a stop loss of ₹398.
Disclaimer: The Research Analyst or his relatives or I-Sec do not have actual/beneficial ownership of 1% or more securities of the subject company, at the end of 6/02/2026 or have no other financial interest and do not have any material conflict of interest.
The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
