Closing Bell: Market Ends in Red; Sensex Flat, Nifty Closes Above 26,202; M&M, Sun Pharma Top Gainers

Stock Market Live Updates: The Indian stock market opened flat on Friday, continuing to hold on to its gain in the past three trading sessions. Nifty 50 opened at 26,237.5 points, whereas BSE Sensex opened marginally higher at 85,791 points.

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After a flat opening, the benchmark indices continued to surge supported by FMCG, metal and other sector stocks. Mahindra & Mahindra, Reliance, Hindustan Unilever, Hindalco, Titan, Adani Enterprises, etc were among the top Nifty gainers.

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"With both global and domestic interest rates expected to fall more sharply than earlier anticipated, we foresee a supportive liquidity environment, a bond rally and a gradually strengthening rupee. In this backdrop, investors should position portfolios for a falling rate cycle adding duration in government bonds and increasing exposure to rate-sensitives such as banks, NBFCs and real estate, while paring USD-heavy positions and near-term defensives. The broad-based strength across Nifty 500 names further reinforces our view that staying aligned with the trend will be rewarding over the next two year," stated Vikram Kasat, Head Advisory, PL Capital

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