BSE Sensex ends virtually unchanged at 77,541 as oil, bonds cap gains

India’s BSE Sensex finished virtually unchanged at 77,541 on Friday, with elevated oil prices, higher global bond yields and persistent geopolitical uncertainty keeping investors cautious. Financial stocks gained, helping offset weakness in technology, autos and FMCG shares. Kotak Mahindra Bank and ICICI Bank led advances among private lenders, which rose more than 1%, after Goldman Sachs began coverage of 14 Indian banks and pointed to improving earnings prospects. Bernstein expects healthy bank growth in FY2027, supported by robust liquidity and a recovery in nominal credit growth. Earlier coverage had placed the Sensex at 77,595, or about 0.1% higher, indicating a revised closing level in the latest report. Atomberg Technologies filed IPO papers proposing a fresh issue of up to 4.5 billion rupees and an offer for sale of up to 76.5 million shares. Welspun rose about 12.1% after winning a $1.8 billion contract to supply pipes from its US manufacturing facility, its largest-ever single order. Netweb, Dhoot Transmission, Hindustan Copper and Hindustan Zinc gained between 1.4% and 3.4%, while Shiprocket, Shadowfax Tech and TVS Motor fell 3.0%, 2.2% and 0.7%, respectively.

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