Sensex Jumps 150+ Points, Nifty Crosses 24,500 as FMCG Stocks Lead Rally

Indian Markets Recover: Sensex Up 70 Points, Nifty Reclaims 24,500; FMCG Stocks Lead Gains.

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

Investor attention is on Reliance Industries’ 48th AGM later today. Analysts expect updates on the company’s plan to double Jio and Retail earnings over the next three to four years, along with strategy details for the New Energy (NE) vertical, seen as a future counterpart to its oil-to-chemicals (O2C) business.

Markets will also monitor India’s Q1FY26 GDP data and fiscal deficit numbers for April–July.

Broader Market Trends

Nifty MidCap rose 0.14%, while Nifty SmallCap gained 0.25%.

Sectorally, Nifty FMCG led with a 1% jump, while Nifty Auto slipped 0.28%.

Kotak Securities’ Shrikant Chouhan noted that 24,600 is a key resistance for Nifty. A sustained move above could extend the rebound toward the 20-day SMA at 24,725–24,800, while trading below may drag the index to the 24,350–24,300 range.

Global Cues
Asian markets were mixed despite Wall Street hitting fresh highs on stronger-than-expected US GDP growth. Japan’s Nikkei fell 0.33%, and South Korea’s benchmark dropped 0.17%, pulling the MSCI Asia Pacific index lower.

China remains in focus ahead of earnings from Alibaba and BYD. Goldman Sachs recently raised its 12-month target for the CSI 300 Index to 4,900 from 4,500, according to Bloomberg.

Overnight, US markets rose on upbeat GDP data, with the S&P 500 climbing 0.32% and the Nasdaq gaining 0.53%.