Nifty momentum hinges on five factors determining D-Street's fate next week.
Context
What happened: Nifty 50 rose 288.65 points, or 1.30%, to 22,520.45, and Sensex gained 879.09 points, or 1.23%, to 72,472.33, with IT stocks leading Friday's recovery after TCS reported September-quarter results.
Key numbers: Nifty +288.65 points (+1.30%) to 22,520.45. Sensex +879.09 points (+1.23%) to 72,472.33. Brent crude above $100 a barrel, WTI above $90.
Why it matters: Analysts remain cautious on the rebound, citing elevated crude prices, foreign selling and global uncertainty. Next week's inflation data, bond yields, oil prices and earnings will decide whether the recovery extends.
What changed
Nifty 50 rose 288.65 points, or 1.30%, to 22,520.45, and Sensex gained 879.09 points, or 1.23%, to 72,472.33, with IT stocks leading Friday's recovery after TCS reported September-quarter results.
Why it matters
Analysts remain cautious on the rebound, citing elevated crude prices, foreign selling and global uncertainty. Next week's inflation data, bond yields, oil prices and earnings will decide whether the recovery extends.