Business · Markets · 3 hrs ago
Nifty rebounds 1.3% as analysts expect cautious trading
India’s Nifty index rose 1.3% on Friday after falling sharply for two sessions.
Buying in information technology shares helped lift the market.
Analysts expect Indian stocks to remain cautious because of elevated global risks.
They identified 22,180 as a support level and 22,350 as resistance, with further losses possible if the index falls below support.
Foreign portfolio investors sold shares worth 3,569 crore rupees, while domestic institutional investors bought 4,743 crore rupees.
The India VIX, a measure of expected market volatility, fell 5.9% to 14.38, but analysts said the market outlook remained weak.
The Nifty gained 1.3% on Friday after two consecutive sessions of sharp declines.
Buying in IT stocks supported the rebound.
Analysts said Indian equities were likely to remain cautious amid elevated global risks.
India VIX fell 5.9% to settle at 14.38.
Foreign portfolio investors were net sellers, while domestic institutional investors were net buyers.
- Who
- Indian equity investors and market analysts.
- What
- The Nifty rebounded 1.3% after two sessions of sharp declines.
- When
- Friday; the article was published on October 12, 2026.
- Where
- Indian equity markets.
- Why
- Buying in IT stocks supported the gain. Analysts cited elevated global risks as a reason for caution.
This story does not have two clearly opposing sides.
Everything looks bleak, and this sentiment might remain the same for a few more days.
Indian markets saw sharp declines.
The Nifty gained 1.3%, supported by buying in IT stocks.
India VIX fell 5.9% to 14.38, while foreign portfolio investors net sold shares and domestic institutional investors net bought them.
- Nifty
- Gained 1.3% on Friday
- India VIX
- Fell 5.9% to 14.38
- Foreign portfolio investors
- Net sold shares worth Rs 3,569 crore on Friday
- Domestic institutional investors
- Net bought shares worth Rs 4,743 crore on Friday
- Support level
- 22,180
- Resistance level
- 22,350
Sources
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