Sensex, Nifty end higher ahead of US-Iran talks; FMCG stocks lead gains

MUMBAI: Indian equity markets ended on a strong note on Friday, with benchmark indices Nifty and Sensex closing higher as investors remained cautiously optimistic ahead of the second round of US-Iran talks scheduled over the weekend.

The Nifty rose 0.65 per cent, or 156.80 points, to settle at 24,353.55, while the Sensex gained 504.86 points, or 0.65 per cent, to end the session at 78,493.54.

Commenting on Nifty technical outlook, experts said that the immediate hurdle is seen at the 50-DMA, placed around 24,410, and a decisive breakout above this level could pave the way for an upside move towards 24,700.

“The overall structure remains positive, favouring a buy-on-dips approach, with the support base now shifting higher to around 24,000,” an analyst stated.

Among the top gainers on the Nifty were Hindustan Unilever, Nestle India, JSW Steel and Power Grid Corporation of India, which supported the upward momentum in the market.