Market Outlook for Tomorrow

The NIFTY 50 closed higher by 639.15 points (2.55%) at 25,727.55, supported by broad-based buying across infrastructure, ports, financials, and consumption stocks. ADANIENT led the rally, surging 10.58% on short covering and improved risk appetite, followed by strong gains in ADANIPORTS (+9.19%), JIOFIN (+8.15%), BAJFINANCE (+6.67%), and INDIGO (+5.57%). Additional strength was seen in POWERGRID (+4.68%), SUNPHARMA (+4.56%), BAJAJFINSV (+4.20%), and SHRIRAMFIN (+3.94%). However, select IT and defensives capped the upside, with TECHM (-0.66%), BEL (-0.16%), SBILIFE (-0.08%), and NESTLEIND (-0.07%) ending marginally lower. Market breadth remained firmly positive with 46 advances against 4 declines.

The NIFTY 50 opened at 26,308.05, touched a low of 25,641.30, hit a high of 26,341.20, and closed at 25,727.55, up 639.15 points (2.55%). After yesterday's gain, the index extended its upmove as the India–US trade deal boosted investor sentiment, supported by a firmer rupee, FII short covering, and strong buying in heavyweight stocks amid positive global cues. Technically, the RSI rising toward the 55 mark indicates strengthening momentum and buying interest. Near-term support levels are at 25,314/25,056, and resistance levels are at 26,149/26,407.

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India-US Trade Deal Sparks a Rally

Bank Nifty Commentary for Tomorrow

The NIFTY BANK closed higher by 1,422.30 points (2.43%) at 60,041.30, supported by broad-based buying across PSU and private sector banks. IDFCFIRSTB (+4.42%) led the gains, followed by AXISBANK (+3.27%), SBIN (+3.25%), BANKBARODA (+3.03%), and ICICIBANK (+2.60%). Heavyweight stocks such as HDFCBANK (+2.11%), KOTAKBANK (+1.86%), UNIONBANK (+2.03%), and INDUSINDBK (+1.40%) also ended firmly in the green, reinforcing the strength in banking counters. Market breadth remained decisively positive with all 14 stocks advancing.

The NIFTY BANK opened at 61,411.20, touched a low of 59,793.20, hit a high of 61,764.85, and closed at 60,041.30, up 1,422.30 points (2.43%). The index opened sharply higher and traded sideways at elevated levels through the session, reflecting sustained buying interest. RSI rose strongly and is moving toward 60, indicating improving bullish momentum. Near-term support levels are at 59,105/58,526, and resistance levels are at 60,978/61,557.

Quick Comment on FINNIFTY And SENSEX

The NIFTY FINANCIAL SERVICES closed higher by 875.05 points (3.27%) at 27,674.05, supported by buying across the capital market and lending stocks. JIOFIN (+8.15%) led the gains, followed by BAJFINANCE (+6.67%), CHOLAFIN (+6.40%), BSE (+5.57%), and BAJAJFINSV (+4.20%). Additional support came from SHRIRAMFIN (+3.94%), AXISBANK (+3.27%), SBIN (+3.25%), MUTHOOTFIN (+3.11%), and SBICARD (+3.04%). However, SBILIFE (-0.08%) capped the upside. Market breadth remained firmly positive with 19 advances against 1 decline. Near-term support levels are at 27,221/26,943, and resistance levels are at 28,121/28,400.

The BSE SENSEX closed higher by 2,072.67 points (2.54%) at 83,739.13, supported by strong buying across infrastructure, financials, and heavyweight stocks. ADANIPORTS (+9.12%) led the gains, followed by BAJFINANCE (+6.68%), INDIGO (+5.51%), POWERGRID (+4.85%), and SUNPHARMA (+4.54%). Further support came from BAJAJFINSV (+4.29%), SBIN (+3.48%), RELIANCE (+3.43%), LT (+2.95%), and AXISBANK (+2.86%). However, gains were capped by mild weakness in TECHM (-0.57%) and BEL (-0.02%). Market breadth remained firmly positive with 28 advances against 2 declines. Near-term support levels are at 82,347/81,475, and resistance levels are at 85,166/86,038.

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