Markets Rebound Despite IT Sector Weakness

Domestic equity benchmarks recovered from a gap-down opening and ended firm on Friday, with Nifty rising 116.90 points to 25,571.25 and the BSE Sensex gaining 316.57 points to 82,814.71. SBI Securities' Sudeep Shah said narrow consolidation and elevated volatility point to a near-term sideways phase, flagged IT-sector weakness and recommended avoiding bottom-fishing, while Bank Nifty trades near record highs and a US Supreme Court tariff ruling may lift sentiment.