Indian equity markets closed mixed on Friday as softer crude oil prices provided relief, with the Nifty 50 edging higher and the Sensex dipping marginally amid global and foreign investment influences.
Indian shares finished mixed on Friday, with the Nifty 50 edging higher while the Sensex closed fractionally lower, as softer crude oil prices helped offset some of the pressure from foreign investor selling and a firm dollar, according to reports from ANI and other local outlets.
The Nifty 50 added 75.80 points, or 0.33%, to end at 23,346.40, while the Sensex slipped 19.63 points, or 0.03%, to 74,294.96. Market participants stayed focused on global cues, oil prices and institutional flows, with Vikram Kasat of PL Capital saying the session was supported by positive overseas sentiment and bargain buying at lower levels.
Sector performance was broad-based, with real estate, media and metals among the strongest areas. Nifty Realty rose 1.64%, Nifty Media gained 1.38% and Nifty Metal added 1.24%, while IT was the only sector to finish in negative territory, falling 1.73%.
Brent crude fell 1.39% to $103.31 a barrel, a decline that offered some relief to domestic equities even though oil remained elevated by longer-term standards. Gold and silver also traded firmer, while Asian markets ended mostly higher, led by gains in Japan, South Korea, Hong Kong and Taiwan, underscoring a broadly constructive regional tone.
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