The positive trend will continue if the Nifty stays above the intraday support of 24750. 

Market optimism persists; selling pressure looms; positive global cues; crude oil below $76

The Nifty 50 closed at 71 points, or 0.29 percent, higher at 24,770.20; the Sensex finally settled 102 points, or 0.13 percent, higher at 80,905.30.

All three shipyards rose by more than 4%.

Reliance-Disney merger faces hurdles; metal prices rise; crude oil remains Low

The index formed a white candle on the daily chart and closed above  the previous day's close; this pattern indicates the possibility of continuing the uptrend.

The overall market capitalisation rose to nearly ₹456.7 lakh crore, making investors richer by over ₹2 lakh crore in a single session.

Retail investors own more stocks now. Their share hit a record high in June, while HNI investors' stake dipped slightly. Overall, Indian investors hold more shares than before.

IT companies performed well today, with TCS rising by over 1.5%.

Technical outlook: The positive trend will continue if the Nifty stays above the intraday support of 24525.