However, sentiment remains fragile as crude oil prices have climbed to multi-week highs following fresh US-Iran hostilities and renewed concerns over disruptions in the Strait of Hormuz.
Brent crude surged to nearly $85 a barrel, while the rupee weakened 30 paise to close at 95.68 against the US dollar, raising concerns over inflation and imported costs. Investors will closely track developments in the Middle East, global markets, oil prices and the rupee for further cues.
The BSE Sensex surged 827.57 points (1.08%) to close at 77,569.39 on Friday, while the NSE Nifty50 climbed 244.10 points (1.02%) to settle at 24,206.90, driven by gains in heavyweight stocks including Reliance Industries, ICICI Bank and HDFC Bank.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
