Market Outlook for Tomorrow - NIFTY, BANK NIFTY, SENSEX and FINNIFTY

The NIFTY 50 closed higher by 255.15 points (1.12%) at 22,968.25, rebounding after recent weakness amid broad-based buying across sectors. Gains were sharply led by TRENT (+8.00%) after reporting a strong Q4 revenue update, significantly outperforming the index, followed by SBILIFE (+3.74%) and TITAN (+3.58%), with additional support from ADANIENT (+3.56%) and SHRIRAMFIN (+3.50%). Financials and heavyweights, including HDFCBANK (+2.66%), AXISBANK (+3.31%), and ICICIBANK (+1.05%), also contributed to the upside, strengthening the rally. On the downside, RELIANCE (-3.30%) capped gains, along with declines in ONGC (-2.04%) and MAXHEALTH (-1.23%). Market breadth remained strongly positive, with 43 stocks advancing and only 7 declining. 

The NIFTY 50 opened at 22,780.30, touched a low of 22,542.95, hit a high of 22,998.35, and closed at 22,968.25, up 255.15 points (+1.12%). The index extended gains for the third consecutive session, facing some early pressure amid mixed global cues. The late recovery was driven by value buying and short covering, supported by strength in banking and financial stocks along with a firmer rupee and easing crude oil prices. The RSI is moving above the 40 level, signalling a gradual recovery in momentum. Near-term support levels are at 22,572/22,327, and resistance levels are at 23,365/23,610. 

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Nifty Extends Gains as Banking Stocks Lead Rally

Bank Nifty Commentary for Tomorrow

The NIFTY BANK closed higher by 1,060.35 points (2.06%) at 52,609.10, as strong buying interest lifted both PSU and private banking stocks. The rally was led by BANKBARODA (+4.38%), followed by AXISBANK (+3.31%) and CANBK (+3.11%), while heavyweight HDFCBANK (+2.66%) and FEDERALBNK (+2.15%) added to the gains. Stocks such as PNB (+2.12%) and SBIN (+1.47%) also traded higher, indicating broad-based participation across the index. Market breadth remained positive, with all 14 constituents ending in positive territory. 

The NIFTY BANK opened at 51,747.60, touched a low of 51,111.10, hit a high of 52,704.55, and closed at 52,609.10, up 1,060.35 points (+2.06%). The index opened on a positive note but saw early profit booking, leading to a brief dip. It then recovered through the session and gained momentum in the latter half to close near the day’s high. The RSI is rising near the 40 level, indicating improving momentum. Near-term support levels are at 51,288/50,470, and resistance levels are at 53,931/54,748. 

Quick Comment on FINNIFTY And SENSEX

The NIFTY FINANCIAL SERVICES closed higher by 561.55 points (2.34%) at 24,603.10, as buying interest was seen across financial stocks. The upside was led by BSE (+4.02%), followed by SBILIFE (+3.74%) and MUTHOOTFIN (+3.59%), while SHRIRAMFIN (+3.50%) and AXISBANK (+3.31%) also supported the move. Key heavyweights such as BAJFINANCE (+2.80%), HDFCBANK (+2.66%), and JIOFIN (+2.71%) traded higher, indicating broad participation within the index. However, LICHSGFIN (-0.17%) and SBICARD (-0.53%) ended in the red, marginally limiting the overall gains. Market breadth remained positive, with 18 stocks advancing and 2 declining. Near-term support levels are at 25,986/25,477, and resistance levels are at 27,629/28,138. 

The BSE SENSEX closed higher by 787.30 points (1.07%) at 74,106.85, staging a recovery after early volatility on the back of widespread buying across sectors. Strength was primarily seen in TRENT (+7.89%), AXISBANK (+3.94%), and TITAN (+3.58%), while LT (+3.19%) and ULTRACEMCO (+3.06%) added to the upward momentum. Additional support came from BAJFINANCE (+2.87%) and INDIGO (+2.75%), reflecting sustained interest in select heavyweights. On the flip side, RELIANCE (-3.41%) weighed on the index, with SUNPHARMA (-0.03%) also ending marginally lower. Market breadth remained positive, with 28 stocks advancing and only 2 declining. Near-term support levels are at 72,820/72,023, and resistance levels are at 75,394/76,190. 

Intraday levels for NIFTY, BANK NIFTY, SENSEX and FINNIFTY Levels: