Indian equity markets closed the previous session on a positive note, supported by broad-based buying across key sectors. The BSE Sensex advanced 163.40 points (0.25%) to settle at 84,929.36, while the Nifty 50 gained 150.85 points (0.58%), ending at 25,966.40, reflecting a strengthening bullish undertone in domestic equities. The continuation of the bullish trend will depend on the Nifty’s ability to decisively break above the resistance zone of 26,000–26,050.
The positive close in the Nifty underscores improving investor confidence and sustained buying interest at lower levels. The index opened with a positive gap at 25,911.50 and maintained its upward momentum throughout the session, touching an intraday high of 25,993.30 before closing near the day’s highs.
From a technical perspective, the continuation of the bullish trend will depend on the Nifty’s ability to decisively break above the resistance zone of 26,000–26,050. A sustained breakout above this range could open the door for further upside in the near term. On the downside, 25,750 remains a strong support zone and is expected to act as a key cushion against corrective moves.
Sectorally, IT, Metal, and Realty indices are exhibiting a bullish structure on the daily charts, and the positive momentum in these sectors is likely to persist in the coming sessions. Meanwhile, Auto, FMCG, and Pharma stocks are consolidating after the recent correction, while Banking, Media, and financial services remain in a corrective phase.
∙Intraday Support (15-min): 25,925 – 25,850 – 25,775
∙Intraday Resistance (15-min): 26,000 – 26,050 – 26,125
∙Positional Support: 25,750 – 25,250
∙Positional Resistance: 26,350 – 27,000
The Bank Nifty closed marginally higher at 59,069.20, gaining 156.35 points (0.27%), indicating selective buying interest in banking stocks. Although the broader banking space remains in a corrective phase, select stocks such as Kotak Bank and State Bank of India continue to display a positive technical structure, which may support near-term stability.
Technically, the Bank Nifty maintains a weak-to-neutral bias. Immediate intraday support is placed at 58,900, while resistance is seen at 59,200. A sustained move above 59,200 could improve the short-term outlook and lead to further gains. Conversely, a break below 58,900 may trigger a resumption of the recent recent downtrend. However, the strong positional support at 58,580 is expected to limit downside risks.
∙Intraday Support (15-min): 58,900 – 58,700 – 58,500
∙ Intraday Resistance (15-min): 59,200 – 59,400 – 59,600
∙Positional Support: 58,580 – 57,200
∙Positional Resistance: 60,000 – 61,250
Institutional investors remained net buyers in the previous session, providing additional support to market sentiment. Foreign Institutional Investors (FIIs) purchased equities worth ₹1,830.89 crore, while Domestic Institutional Investors (DIIs) recorded strong net buying of ₹5,722.89 crore. Continued institutional inflows may help sustain the positive momentum in the near term.
U.S. equity markets closed on a positive note in the previous session, supported by strong buying interest in technology stocks and an improvement in overall risk sentiment. The Dow Jones Industrial Average advanced 183.04 points to close at 48,134.89, while the Nasdaq Composite surged 301.26 points, ending at 23,307.36. Gains were largely driven by strength in mega-cap technology shares, which continued to attract investor interest.
Major European indices also finished higher, tracking firm global cues and selective buying across industrial and financial stocks. The FTSE 100, CAC 40, and DAX closed moderately higher as investors responded positively to stable economic data and easing macroeconomic concerns.
Asian markets opened on a positive tone this morning. Japan’s Nikkei 225 rose 202.50 points, trading near 50,507.50, while Hong Kong’s Hang Seng Index edged up 2.50 points, hovering around 25,845.00.
As of 6:43 AM IST, the GIFT Nifty was trading at 26,180.50, up 150.00 points, indicating a positive opening for Indian equity markets. The gains reflect improved global sentiment and supportive cues from Asian peers.
Crude oil prices were trading at $60.91, maintaining a positive bias in early trade. Gold edged higher, hovering near the 4,400 level, while Silver traded stronger around 68.25, reflecting positive momentum in precious metals during the morning session.
The U.S. Dollar Index was trading with a mild negative bias near the 98.63 level. Meanwhile, the Indian rupee showed marginal strength against the U.S. dollar, quoted around ₹89.57 in early trade.