Banking and metal stocks advanced while media, pharma and IT shares declined.

As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 231.99 points or 0.31% to 75,415.35. The Nifty 50 index added 64.60 points or 0.27% to 23,719.30.

In the broader market, the BSE 150 MidCap Index rose 0.11% and the BSE 250 SmallCap Index declined 0.26%.

The market breadth was positive. On the BSE, 2,225 shares rose and 1,960 shares fell. A total of 203 shares were unchanged.

In the commodities market, Brent crude for July 2026 settlement advanced $2.65 or 2.58% to $105.23 a barrel.

Buzzing Index:

The Nifty Private Bank index jumped 1.49% to 26,376.20. The index dropped 0.15% in the past trading session.

Axis Bank (up 2.64%), Bandhan Bank (up 1.88%), ICICI Bank (up 1.78%), RBL Bank (up 1.72%) and Yes Bank (up 1.58%), Federal Bank (up 1.41%), IndusInd Bank (up 1.15%), HDFC Bank (up 1.01%), Kotak Mahindra Bank (up 1%) and IDFC First Bank (up 0.98%) surged.

Stocks in Spotlight:

Maruti Suzuki India shed 0.12%. The country's largest carmaker said prices of its models will be increased by up to Rs 30,000 due to sustained rise in input costs and continued inflationary pressures. The company said it has been taking several cost reduction measures over the past few months to minimise the impact of rising costs. However, the adverse cost environment has forced the company to pass on part of the increase to customers.

Central Bank of India dropped 7.96% after the government launched an offer for sale (OFS) to divest stake in the public sector lender. The government set a floor price of Rs 31 per share for the OFS, representing a discount of about 8.6% to the previous closing price of Rs 33.91.

Quick Heal Technologies declined 7.40% after the company's consolidated net loss widened to Rs 19.94 crore in Q4 FY26 as against a net loss of Rs 3.25 crore reported in Q4 FY25. Revenue from operations declined 25.19% year on year (YoY) to Rs 48.73 crore in the quarter ended 31 March 2026.

Laxmi Dental hit an upper limit of 20% after the integrated dental products company reported strong consolidated Q4 FY26 earnings, aided by robust growth across its dental laboratory and aligner businesses.

The company's consolidated profit after tax after share of profit/loss from joint ventures surged 136.1% YoY to Rs 10.09 crore in Q4 FY26 from Rs 4.27 crore in Q4 FY25. Revenue from operations rose 21.9% YoY and 12% QoQ to Rs 73.95 crore during the quarter.

Life Insurance Corporation of India advanced 1.54% after the company reported 23.3% rise in consolidated net profit to Rs 23,467.18 crore in Q4 FY26 from Rs 19,038.67 crore in Q4 FY25. Total income for the period under review was Rs 2,79,909.41 crore, up 14.7% YoY.

Gail (India) added 0.69%. The company reported a 38.40% drop in standalone net profit to Rs 1,262.18 crore on a 2.54% fall in revenue from operations to Rs 34,797.03 crore in Q4 FY26 over Q4 FY25.

VA Tech Wabag rose 1.73% after the company reported a 28.6% jump in consolidated net profit to Rs 128.30 crore on a 22.3% rise in revenue to Rs 1,414.4 crore in Q4 FY26 over Q4 FY25.

Ramco Systems hit an upper circuit 20% after the company's consolidated net profit surged four-fold to Rs 25.04 crore in Q4 FY26, compared with Rs 5.30 crore in Q4 FY25. Revenue from operations jumped 19.39% YoY to Rs 185.36 crore in the quarter ended 31st March 2026.

Global Markets:

European market advanced despite U.K. retail sales fell 1.3% in April from the previous month, after rising 0.6% in March. Fuel sales fell more than 10%, Officials noted that fuel sales dropped more than 10%, with consumers conserving fuel due to fluctuating prices caused by tensions in the Middle East.

The GFK Consumer Confidence index rose to -29.8 in June 2026 from a revised -33.1 in May, marking an improvement of 3.3 points.

The Office for National Statistics (ONS) reported that U.K. public sector net borrowing rose to euro 24.3 billion in April 2026, up euro 4.9 billion from the same month last year. Higher market borrowing costs pushed debt interest payments to a record euro 10.3 billion for April, euro 900 million more than a year earlier.

Asian market ended higher on Friday as investors assess U.S.-Iran diplomatic efforts at reaching a peace deal in the Middle East.

Tehran intending to keep its enriched uranium stockpile within the country, according to a media report, could complicate negotiations with Washington, as President Donald Trump has made dismantling Iran's nuclear program a central objective of his military action against Tehran.

On the data front, Japan's core inflation eased more than expected in April to its lowest level since March 2022, weakening the case for an early rate hike by the Bank of Japan. Core inflation, which strips out prices of fresh food, came in at 1.4%, lower than the 1.7% figure that was widely reported in the media and below the 1.8% reading in March.

Overnight on Wall Street, the Dow Jones Industrial Average rose to a record close Thursday as oil prices and Treasury yields were volatile, with traders hoping for a resolution to the Middle East conflict.

The blue-chip index gained 276.31 points, or 0.55%, for a closing record of 50,285.66. The S&P 500 advanced 0.17% to 7,445.72, while the Nasdaq Composite increased 0.09% to end at 26,293.10.

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