India’s benchmark indices rose 1% on Friday, after shuttling between gains and losses for most of the week amid uncertainty over the near-term outlook, with the US financial health lingering in traders’ minds.

NSE’s Nifty rose 243.45 points or 0.99% to close at 24,853.15, while the BSE’s Sensex rose 769.09 points or 0.95% to end at 81,721.08. Both indices ended the week about 0.7% lower.

“Fresh long positions were added in Nifty futures on Friday, following early short covering, which contributed to the index’s upward movement,” said Vipin Kumar, assistant vice president-derivatives and technical research at Globe Capital Market.

Kumar said key heavyweight sectors like banks and financial services appear poised for a breakout and may lead the market higher in the coming week.

“We expect the Nifty to test its near-term target of 25,120, and if it sustains above this level, it could potentially rise to 25,500 in the days ahead,” he said.

Elsewhere in Asia, markets ended mixed. Japan’s Nikkei advanced 0.5%, Hong Kong’s Hang Seng rose 0.2%, and China’s declined 0.9%, whereas South Korea’s and Taiwan’s benchmarks remained flat. The pan-Europe index Stoxx 600 was flat at the time of going to print.

At home, Nifty’s Volatility Index or VIX-the market’s fear index-gained 0.1% to 17.28 levels. The index has advanced 0.8% in the past five trading sessions, indicating sustained caution among traders in the market.

“The setup favours a cautious bull, ready to strike on weakness but wary of resistance overhead,” said Dhupesh Dhameja, derivatives research analyst at Samco Securities.