ETMarkets.com Indian stocks recovered as IT shares rallied, lifting Nifty and Sensex, while lower volatility and easing crude prices offered additional support to market sentiment.
Synopsis Indian equities rebounded on Friday, ending a two-session losing streak as heavyweight IT stocks led gains.
Analysts expect consolidation amid mixed global cues and geopolitical uncertainty.
By Kumar Gaurav, ETMarkets.com Aug 28, 2026, 04:34:00 PM IST Follow us Indian equity markets ended higher on Friday, August 28, snapping a two-session losing streak, as a sharp rally in heavyweight IT stocks helped lift the benchmark indices.ADVERTISEMENT The NSE Nifty50 closed at 24,175.65, up 84.80 points, or 0.35%, while the BSE Sensex settled at 77,264.51, gaining 330.92 points, or 0.43%.Buying interest extended to the broader markets, with the Nifty Midcap100 and Nifty Smallcap100 indices ending 0.05% and 0.20% higher, respectively.
Among sectors, the Nifty IT index emerged as the top performer, surging more than 3.5% during the session.
The Nifty Metal index also gained 0.75%.
In contrast, the Nifty FMCG and Nifty Consumer Durables indices declined nearly 0.5% each.
The India VIX, which measures expected market volatility, fell 3.72% to settle at 10.66.Market breadth was positive, with 1,918 stocks advancing on the NSE against 1,561 declines, while 124 stocks remained unchanged.ADVERTISEMENT Analysts expect Indian equities to trade within a broader range amid a lacklustre market environment, mixed global cues and persistent geopolitical tensions.
Brent crude has cooled to around $88 a barrel, down about 8% over the past nine days.
Jefferies names stocks set to benefitADVERTISEMENT ADVERTISEMENT Here are today’s top gainers on the Nifty Here are today’s top gainers on the Sensex Here are today’s top losers on the Nifty Here are today’s top losers on the Sensex Technical View The Nifty50 formed a bullish candle on Friday but largely remained within the previous session’s trading range, signalling consolidation amid stock-specific activity.According to Bajaj Broking Research, a move above Friday’s high and the 50-day EMA, placed around 24,190, could open the way for a pullback towards the 24,300–24,350 levels in the coming sessions.
On the downside, a breach of the weekly low of 24,076 could lead to a test of the key support zone at 24,000–23,800.ADVERTISEMENT “Overall, we expect the index to extend the recent consolidation and trade in the broad range of 23,800–24,600 amid stock-specific action,” the brokerage said.
Within this range, the two-week high around 24,380 remains an immediate hurdle.
