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Sensex, Nifty to extend gains next week? Here is what market experts expect

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Indian stock markets finished the week with strong gains, buoyed by a sharp upmove on Friday. Sensex on Friday finished 523 points higher at 34,731, posting weekly gains of over 2.8%.

The broader NSE Nifty 50 index on Friday closed up 1.51% at 10,244, boosted by a sharp rise in Reliance Industries shares after the oil-to-telecoms conglomerate said it was net-debt free.

Shares of Reliance Industries Ltd settled 6.25% higher on Friday, a record high.Many analysts are hopeful that Indian markets may extend gains next week due to the gradual reopening of the economy but say that investors need to be watchful of geopolitical tensions and rising coronavirus cases."We feel the recent upmove indicates participations are hopeful of de-escalation of.

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