Amid significant declines in global and Asian markets, the Indian stock market demonstrated impressive growth. While US markets lost over 0.50%, Japan's Nikkei fell by 4%, and South Korea's Kospi dropped by more than 6%, the Indian market showed a strong upward trend.
On Friday, the Sensex index traded at 77,750.31, showing a rise of 563.44 points or 0.73%. The Nifty index increased by 138.45 points to reach 24,211.50, and the Bank Nifty demonstrated a rise of 274 points.
However, not all market segments grew: Nifty Midcap 100 decreased by 176.20 points, and Nifty Smallcap declined by 117.60 points.
Among the 30 leading stocks on the BSE, 27 stocks showed steady growth, while 7 stocks declined. Significant gains were recorded in the IT sector, where shares of TCS, Infosys, and Tech Mahindra rose by 2.57%. Banking stocks, including SBI and ICICI Bank, as well as Reliance Industries shares, also showed growth.
Impressive growth was noted among individual stocks: Fcons Infra shares rose by 8.71% and traded at 311 rupees. Axis Logistic shares increased by 2%, Geo Financial Services rose by 5%, HCL Tech showed a growth of 3.30%, Adani Energy Solution grew by 2.31%, Grow increased by 3%, and Excide Industries by 3%.
After a significant fall in the stock market, Thursday marked a partial recovery. On this day, some stocks demonstrated impressive growth, including one of the prominent companies. During intraday trading, this stock rose by almost 20%, but by the close of trading, it reached a growth of 18.40%.
This stock is seeing a steady inflow of purchases from foreign investors (FII). This refers to Kalyan Jewellers, whose shares rose by 18.40% on Thursday, reaching the mark of 443 rupees. This growth occurred against the backdrop of the stock being under strong pressure for a long time.
Despite a recent rise of 25% over the last two days, which eased the negativity, the stock has fallen by 24% over the year. Over the last six months, there has been a decline of 14%, and over three months—a decline of 1%.
Regarding the ownership structure of Kalyan Jewellers shares, in the third quarter of 2025, the share of foreign investors suddenly decreased to 14.12%. However, in the fourth quarter of the same year, it increased to 14.54%, and in the first quarter of 2026—to 14.55%. Meanwhile, shareholders also increased their stake from 62.76% to 62.87%.
Interest in purchases increased after the good revenue increase of the jewelry retailer located in Thrissur, Kerala, in the first quarter of the 2027 fiscal year. The company reported that the recently concluded quarter was very satisfactory, noting a growth in consolidated revenue of approximately 38% compared to the same period last fiscal year.
Osho Krishna, Chief Manager of Technical and Derivatives Analysis at Angel One, noted that signs of potential growth are visible in the shares, and there is a possibility of a new surge if the price continues to rise steadily above 450 rupees. Currently, the level in the range of 415–400 rupees may help smooth out short-term fluctuations, while the 450 rupee level currently acts as resistance.
Ravi Singh, Chief Research Director at Master Capital Services, stated that Kalyan Jewellers shares look strong on the chart and could reach 470 rupees in the near future. He recommended setting a stop-loss at the 400 rupee level.
