Indian equities snapped an eight-week losing streak on Friday as easing crude oil prices helped stocks rebound from the previous session's sharp selloff.

The BSE Sensex rose 879.09 points, or 1.23%, to close at 72,472.33, while the NSE Nifty 50 advanced 288.65 points, or 1.30%, to settle at 22,520.45. For the week, the Sensex gained 0.8%, and the Nifty rose 0.4%. "Global cues offered some relief as Brent crude eased from its recent highs," said Ajit Mishra, senior vice president-research, Religare Broking. Brent crude oil prices fell to $102.90 per barrel on Friday, down roughly 1.32% from the previous day when prices went past $104 a barrel, due to supply concerns in the Middle East.

However, elevated global bond yields and persistent foreign fund outflows continue to weigh on sentiment, keeping the outlook cautious. The sharp sell-off in the previous session and uncertainty surrounding the global macroeconomic environment reinforce the need for a measured approach, Mishra said. Foreign portfolio investors were net sellers of equities worth ₹3,569 crore on Friday, while domestic institutional investors were net buyers to the tune of ₹4,743 crore. The benchmark 10-year US Treasury yield was trading at 5.27% on Friday, below the 5.34% level it hit last week, its highest since 2002. The yield, which has risen 120 basis points in 2026, could rise to 6%, the highest since 2000, on concerns over high oil prices and the growing US public debt, Dan Ivascyn, chief investment officer at bond fund manager Pimco, told the Financial Times.

At home, the Nifty Midcap 150 index advanced 1.37%, and the Nifty Smallcap 250 gained 0.49%. Both indices, however, ended the week marginally lower, declining 0.19% and 0.08%, respectively.

"We expect volatility to remain elevated as markets navigate this phase of correction and consolidation," said Kamlesh Shroff, founder, The Omniscient Securities. He advised investors against chasing short-term momentum, recommending a focus on stock fundamentals, earnings visibility and disciplined investment strategies.

On the technical front, the 22,350-22,330 zone could act as immediate support for the Nifty, according to Sudeep Shah, head of technical and derivatives research at SBI Securities. "A decisive move below this zone could trigger renewed selling pressure towards 22,200. On the upside, the 22,660-22,680 zone, coinciding with the 10-day EMA, could act as an immediate hurdle."