India’s BSE Sensex rose 1.2% to close at 77,550 on Friday, halting losses from the prior day, in line with major peers. Despite a fragile ceasefire between the US and Iran, sentiment improved on hopes of positive negotiations between the two countries on Saturday. Among sectors, almost indices saw gains, indicating broad-based buying interest. Banking and financial stocks led the rally, alongside consumer discretionary. ICICI Bank, Axis Bank, SBIN, Bajaj Finance, Bajaj Finserv and HDFC Bank rose between 1.7%-3.2%. Other top performers included Asian Paints, Mahindra & Mahindra and IndiGo. The IT sector stayed under pressure as TCS fell 2.5% after reporting an annual revenue decline in FY2026, which outweighed a quarterly earnings beat, highlighting ongoing weakness in client spending and rising costs. Sun Pharma plunged 3.7% amid reports that the company has moved to the final stage of its proposed $12-billion acquisition of US-based Organon & Co. The index gained 5.8% this week.