Domestic equity markets extended their winning streak for the second straight session on Friday, with both the Sensex and Nifty closing higher, lifted by renewed foreign investor interest and optimism around India–US trade negotiations.

At the closing bell, the Sensex rose 328.72 points, or 0.40 per cent, to close at 82,500.82, while the Nifty50 gained 103.55 points, or 0.41 per cent, to settle at 25,285.35. The 50-pack index remained strong as it broke out of the recent consolidation range, said Rupak De, Senior Technical Analyst at LKP Securities. Advertisement

“The trend continues to stay positive as it is sustaining above critical moving average. The setup looks favorable for a further rise in the short term. Any dip would provide a good opportunity to enter long trades,” De said.

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