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

The NIFTY 50 declined 24.60 points (-0.10%) to close at 24,055.80, as selling in select financial, auto, and consumer stocks offset gains in IT and telecom counters. SHRIRAMFIN (-4.58%) and MARUTI (-4.41%) declined sharply, followed by NESTLEIND (-3.90%), MAXHEALTH (-3.75%), and INDIGO (-3.48%). ASIANPAINT (-2.94%), SUNPHARMA (-2.81%), BAJAJFINSV (-2.42%), SBIN (-2.41%), and JIOFIN (-2.28%) were among the other notable laggards. On the upside, ITC (+4.34%), BHARTIARTL (+3.60%), ADANIPORTS (+3.41%), HCLTECH (+2.99%), and RELIANCE (+2.51%) registered the strongest gains. Market breadth was weak, with 20 stocks advancing against 30 declining.

The NIFTY 50 opened at 24,077.55, touched a low of 23,952.55, hit a high of 24,143.15, and closed at 24,055.80, down 24.60 points (-0.10%). The index continued its downtrend amid rising crude oil prices and elevated global yields, keeping market sentiment cautious. The RSI remained below the 50 level, indicating continued negative momentum. Near-term support levels are at 23,943/23,873, and resistance levels are at 24,169/24,239.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Nifty Downtrend Continues on Oil Pressure

Bank Nifty Commentary for Tomorrow

The NIFTY BANK fell 615.35 points (-1.06%) to close at 57,409.60, dragged lower by widespread weakness across banking counters. AXISBANK (-3.23%) and YESBANK (-3.20%) posted the steepest declines, followed by SBIN (-2.41%), INDUSINDBK (-2.36%), and FEDERALBNK (-2.09%). UNIONBANK (-1.98%), IDFCFIRSTB (-1.24%), ICICIBANK (-1.10%), and CANBK (-1.02%) were among the other notable decliners. In contrast, KOTAKBANK (+1.34%), PNB (+0.87%), and HDFCBANK (+0.41%) ended higher. Market breadth remained negative, with 3 stocks advancing against 11 declining.

The NIFTY BANK opened at 57,560.30, touched a low of 57,150.70, hit a high of 57,766.25, and closed at 57,409.60, down 615.35 points (-1.06%). The index opened lower and remained under pressure throughout the session, ending lower. The RSI fell below the 50 level, indicating weakening momentum and a bearish bias. Near-term support levels are at 57,168/57,019, and resistance levels are at 57,651/57,800.

Quick Comment on FINNIFTY And SENSEX

The NIFTY FINANCIAL SERVICES slipped 289.75 points (-1.10%) to close at 26,003.90, reflecting broad-based pressure across non-bank financials and major banking stocks. SHRIRAMFIN (-4.58%) and AXISBANK (-3.23%) led the declines, while RECLTD (-2.86%), MUTHOOTFIN (-2.45%), and MFSL (-2.44%) also came under pressure. BAJAJFINSV (-2.42%), SBIN (-2.41%), CHOLAFIN (-2.30%), JIOFIN (-2.28%), and SBICARD (-1.92%) featured among the other significant losers. Meanwhile, PFC (+2.82%), KOTAKBANK (+1.34%), and HDFCBANK (+0.41%) were the only notable gainers. Market breadth was weak, with 3 stocks advancing against 16 declining and 1 remaining unchanged. Near-term support levels are at 25,863/25,775, and resistance levels are at 26,145/26,232.

The BSE SENSEX edged down 12.99 points (-0.02%) to close at 76,944.28, with gains in IT, telecom, and select index heavyweights largely offset by weakness in financials and automobiles. MARUTI (-4.16%) was the biggest laggard, followed by SBIN (-2.51%), INDIGO (-2.48%), BAJAJFINSV (-2.40%), and M&M (-2.36%). AXISBANK (-1.80%), TITAN (-1.58%), SUNPHARMA (-1.31%), BAJFINANCE (-1.09%), and TRENT (-1.03%) were among the other stocks weighing on the index. On the positive side, ITC (+3.98%), HCLTECH (+3.21%), INFY (+2.44%), BHARTIARTL (+2.30%), and RELIANCE (+1.74%) posted the strongest gains. Market breadth was subdued, with 12 stocks advancing against 17 declining and 1 remaining unchanged. Near-term support levels are at 76,599/76,385, and resistance levels are at 77,290/77,503.

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