NSE's Nifty rose 20.15 points or 0.1% to close at 24,252. BSE's Sensex ended flat at 77,540.83 on Friday. The indices declined 0.5% and 0.6% for the week, respectively, after ending marginally lower in the previous week as well.
"The US-Iran geopolitical tensions continued to weigh on markets this week, resulting in subdued trading and range-bound moves," said Sunny Agrawal, head of research at SBI Securities.
Agrawal said the US Fed's intervention to cool 30-year US bond yields provided some interim relief during the week, while the results season wrapped up far better than expected, with most companies delivering double-digit revenue and PAT growth.
Ruchit Jain, head - equity technical research, Motilal Oswal Financial Services, said going ahead, crude remains the market's biggest worry. "If it starts to cool off, the Nifty may soon break past its near-term resistance of 24,500-24,600," he said.
Nifty's Volatility Index rose 4.1% to 11.2 Friday, indicating some caution among market participants. Nifty Midcap 150 gained 0.1% and Nifty Small-cap 250 rose 0.4%. Of the total 4,564 stocks traded on Friday, 2,177 advanced and 2,152 declined at the close. The midcap index remained flat for the week, while Smallcap 250 rose 0.7%.
"We saw the Nifty recently correct from its recent highs, with the index failing to surpass the previous day's highs for 12 straight sessions," said Jain. "However, mid-week, the index started rising again and has respected its 24,000 support. In every correction since March, the Nifty has formed higher bottoms, which remains a positive sign," he said.
Elsewhere in Asia, Japan fell 0.3%, China remained flat, while Hong Kong rose 1.2%, South Korea gained 0.9% and Taiwan rose 0.7%. The pan-Europe index Stoxx 600 was up 0.2% at the time of going to print. Foreign portfolio investors net sold shares worth ₹543 crore. Domestic institutions were buyers to the tune of ₹2,124 crore.
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price