Markets rebound amid gains in Banks IT & Metal stocks

The Indian benchmark indices closed higher on Friday, buoyed by strength in ITC and IT sector stocks. At close, the Sensex was up 769.09 points or 0.95 percent at 81,721.08, and the Nifty was up 243.45 points or 0.99 percent at 24,853.15.About 2238 shares advanced, 1557 shares declined, and 152 shares unchanged while India VIX stood at 0.06%.
ITC, Power Grid, Bajaj Finserv, Jio Financial, and HDFC Life were the top gainers on the Nifty, while losers included Sun Pharma, Grasim.On the sectoral front,Capital goods, real estate and metal reported gains for the week.The BSE Midcap index was up 0.50 percent, while the Smallcap index ended with a 0.45 percent gain.
Rupee Close:
On 23 May'25,the Indian rupee  snapped its three-day losing streak and settled for the day higher by 70 paise at 85.25 against the US dollar on Friday, on a sharp fall in the dollar index and surge in domestic equities, amid rise in risk appetite for riskier assets.
Forex traders reportedly stated, the rupee which had lost 53 paise in the last three trading sessions, settled with significant gains on Friday largely supported by the weakness of the American currency in the overseas market.However, a slight recovery in crude oil prices and foreign fund outflows capped the appreciation bias in the local unit to some extent.
Trading Guide: 
In the view of analysts, investor optimism may be tempered in the coming sessions due to macroeconomic concerns stemming from the U.S. fiscal outlook and fluctuating foreign fund activity.
Market experts recommended five shares to buy-Shilpa Medicare, Surya Roshni, Finolex Industries, Clean Science and Technology, and Mahindra Lifespace Developers.

(Business Correpondent)