BSE Sensex and Nifty50 Show Positive Trends Amid Global Caution

Market Overview

As trading commenced on Friday, the BSE Sensex opened at 77,180.16, reflecting an increase of 548.51 points or 0.72%. Meanwhile, the NSE Nifty50 was positioned at 23,938.95, up by 163.85 points or 0.69%. Investors are exercising caution due to the unstable geopolitical situation in West Asia. The GIFT Nifty indicated a slightly positive start for the benchmark indices, trading around 23,919, up by 35 points or 0.15%. Early trading in Asian markets also showed gains, with the Nikkei and Kospi indices rising by 1-2%.

All sectors experienced upward movement, particularly banking, automotive, real estate, and oil & gas, which saw increases of approximately 1–1.3%.

Shares of Tata Consultancy Services (TCS) are expected to attract attention following the company's announcement of its quarterly results on Thursday. TCS reported a 9.6% year-on-year revenue increase to Rs 70,698 crore for the quarter ending March 2026, alongside a 12% rise in profit to Rs 13,718 crore. The board also approved a final dividend of Rs 31 per share.

On Thursday, the Indian stock market faced a downturn, with the Sensex dropping by 931.25 points or 1.20%, closing at 76,631.65, while the Nifty fell by 222.25 points or 0.93%, ending at 23,775.10. Despite a temporary ceasefire between the US and Iran, tensions remain elevated. Brent crude oil prices have continued to rise, with futures increasing by 83 cents, or 0.87%, to $96.75 per barrel, while West Texas Intermediate futures climbed by $1.04, or 1.06%, to $98.91 per barrel.

Despite ongoing market fluctuations, analysts are optimistic about a significant rebound, projecting the Sensex to reach 95,000 by December 2026. Morgan Stanley has set a base-case target of 95,000 for the Sensex, suggesting a potential upside of about 22% from the April 8 closing figure of 77,563. The brokerage has valued the index at 23.5 times trailing earnings, slightly above its 25-year average of 22 times.