India's Stock Market Rallies as Trade Optimism Drives Friday Session

India’s stock indices maintained momentum on Friday, riding a wave of investor confidence following encouraging remarks from U.S. Trade Representative Jamieson Greer about bilateral trade negotiations. Greer’s statement that India has tabled its “best ever” proposal to Washington fueled bullish sentiment across market participants.

Market Indices Post Steady Gains

The benchmark BSE Sensex climbed 372 points, representing a 0.4 percent advance to 85,190 during morning trading. Mirroring this performance, the NSE Nifty broader index added 108 points, or 0.4 percent, settling at 26,006. The parallel movement across both indices suggests broad-based buying interest rather than concentrated sector strength.

Corporate Developments Drive Individual Stock Performance

Several companies delivered positive quarterly results and strategic announcements that caught investor attention:

Astra Microwave Products registered a 1.1 percent increase after securing a significant Rs. 171.38 crore contract from India’s Meteorological Department, signaling strong demand for indigenous technology infrastructure.

Adani Power’s shares appreciated nearly 2 percent on news that the energy conglomerate is evaluating expansion opportunities for thermal and hydroelectric generation capacity across South Asian markets, positioning itself for regional growth.

Firstsource Solutions jumped 1.2 percent following the completion of its Pastdue Credit Solutions acquisition, marking the firm’s strategic push into specialized credit management services.

Honasa Consumer edged higher by 1.6 percent after finalizing its acquisition of Reginald Men, a men’s grooming brand, alongside BTM Ventures at an enterprise valuation of Rs. 195 crore. The move reflects growing appetite for specialized consumer segments.

Kansai Nerolac Paints gained approximately 1 percent when its board gave the green light to divest its entire 60 percent shareholding in Kansai Paints Lanka, streamlining its regional footprint.

Critical Minerals Strategy Takes Center Stage

Vedanta surged 1.4 percent after being named the successful bidder for the Genjana nickel, chromium symbol, and platinum group elements block in the latest Critical Mineral Auctions Tranche III. The victory underscores the company’s aggressive positioning in securing strategically important mineral assets amid global supply chain reshuffling.

Disclaimer: These views represent market observations and do not necessarily reflect Nasdaq, Inc. opinions or positions.