Market Outlook for Tomorrow

The NIFTY 50 closed higher by 173.60 points (0.68%) at 25,867.30, supported by broad-based buying across financials, metals, cement, and select consumption stocks. SBIN led the rally, surging 7.63% on strong Q3 earnings, followed by gains in SHRIRAMFIN (+6.03%), GRASIM (+3.11%), TITAN (+3.04%), and DRREDDY (+2.80%). Additional strength was seen in ULTRACEMCO (+2.59%), HINDALCO (+2.23%), TATASTEEL (+2.18%), and BEL (+1.71%). However, select defensives and energy names capped the upside, with MAXHEALTH (-2.82%), NTPC (-1.05%), ITC (-0.95%), ONGC (-0.84%), and ICICIBANK (-0.78%) ending lower. Market breadth remained positive with 34 advances against 16 declines.

The NIFTY 50 opened at 25,888.70, touched a low of 25,780.90, hit a high of 25,922.25, and closed at 25,867.30, up 173.60 points (0.68%). Extending its gains during the session, the index remained firm, supported by strong buying in PSU banks, metals, and select heavyweight stocks. Positive developments around the India–US interim trade framework and renewed FII participation improved overall market sentiment, while broad-based sectoral participation further reinforced the uptrend. RSI is rising above the 55 mark, indicating improving momentum. Near-term support levels are at 25,449/25,191, and resistance levels are at 26,284/26,542.

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Nifty Extends Rally as PSU Banks Ignite the Spark

Bank Nifty Commentary for Tomorrow

The NIFTY BANK closed higher by 548.80 points (0.91%) at 60,669.35, supported by broad-based buying across PSU and select banking stocks. SBIN (+7.63%) led the gains, followed by INDUSINDBK (+2.76%), KOTAKBANK (+1.28%), YESBANK (+1.22%), and AUBANK (+1.16%). PSU lenders such as UNIONBANK (+1.02%), BANKBARODA (+0.57%), PNB (+0.41%), and CANBK (+0.37%) also ended in the green, reinforcing overall strength across banking counters. However, the upside was capped by weakness in ICICIBANK (-0.78%), HDFCBANK (-0.24%), IDFCFIRSTB (-0.46%), FEDERALBNK (-0.10%), and AXISBANK (-0.04%). Market breadth remained positive with 9 advances against 5 declines.

The NIFTY BANK opened at 60,805.20, touched a low of 60,495.70, hit a high of 60,876.20, and closed at 60,669.35, up 548.80 points (0.91%). The index opened slightly higher and traded with moderate volatility through the session before ending on a firm note near the day’s highs. RSI is hovering near 60, indicating strengthening bullish momentum. Near-term support levels are at 59,730/59,148, and resistance levels are at 61,609/62,190.

Quick Comment on FINNIFTY And SENSEX

The NIFTY FINANCIAL SERVICES closed higher by 346.95 points (1.25%) at 28,154.05, driven by buying across NBFCs and financial services stocks. SBIN (+7.63%) led the gains, followed by SHRIRAMFIN (+6.03%), BSE (+3.07%), MUTHOOTFIN (+1.97%), and CHOLAFIN (+1.61%), while additional support came from SBILIFE (+1.47%), KOTAKBANK (+1.28%), ICICIGI (+1.26%), and SBICARD (+1.16%). However, the upside was capped by declines in RECLTD (-3.57%), PFC (-1.11%), ICICIBANK (-0.78%), ICICIPRULI (-0.65%), and HDFCBANK (-0.24%). Market breadth remained positive with 13 advances against 7 declines. Near-term support levels are at 27,704/27,425, and resistance levels are at 28,604/28,882.

The BSE SENSEX closed higher by 485.35 points (0.58%) at 84,065.75, supported by steady buying across financials, metals, and select industrial heavyweights. SBIN (+7.46%) led the gains, followed by TITAN (+2.78%), TATASTEEL (+2.56%), ULTRACEMCO (+2.52%), and ETERNAL (+1.91%). Further support came from BEL (+1.85%), KOTAKBANK (+1.52%), TRENT (+1.30%), INDIGO (+1.11%), and M&M (+1.04%), which also ended firmly in the green. However, gains were capped by weakness in POWERGRID (-1.11%), ITC (-1.07%), NTPC (-0.89%), ICICIBANK (-0.68%), and INFY (-0.65%). Market breadth remained positive with 21 advances against 9 declines. Near-term support levels are at 82,664/81,792, and resistance levels are at 85,483/86,355.

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