Market Outlook for Tomorrow

The NIFTY 50 closed higher by 50.90 points (0.20%) at 25,693.70, supported by strong buying in FMCG and select private banking stocks. ITC led the gains with a sharp 5.21% rally, followed by KOTAKBANK (+3.33%), HINDUNILVR (+2.83%), BAJFINANCE (+1.79%), and BHARTIARTL (+1.54%), which together provided key support to the index. Additional strength was seen in POWERGRID (+1.19%), TITAN (+1.05%), BAJAJFINSV (+1.03%), and SHRIRAMFIN (+0.91%). However, persistent selling in IT and insurance stocks capped gains, with HDFCLIFE (-2.40%), TECHM (-1.83%), TCS (-1.71%), and BAJAJ-AUTO (-1.34%) ending lower. Market breadth remained negative with 19 advances against 31 declines.

The NIFTY 50 opened at 25,605.80, touched a low of 25,491.90, hit a high of 25,703.95, and closed at 25,693.70, up 50.90 points (0.20%). Following a late-session rebound, the index closed higher, supported by short covering and strong buying in select heavyweight stocks, as the RBI’s status quo on policy rates and neutral stance provided stability alongside positive global cues. RSI remains near the 55 mark, indicating improving momentum. Near-term support levels are at 25,284/25,026, and resistance levels are at 26,119/26,377.

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

Open Account Now

Nifty Rebounds Late on RBI Cues

Bank Nifty Commentary for Tomorrow

The NIFTY BANK closed marginally higher by 56.90 points (0.09%) at 60,120.55, supported by selective buying in private sector banks, while weakness in PSU banks limited the upside. KOTAKBANK (+3.33%) led the gains, followed by AXISBANK (+0.85%), ICICIBANK (+0.82%), and AUBANK (+0.31%). Heavyweight stocks such as HDFCBANK (-0.92%) and INDUSINDBK (-0.95%) ended lower, along with PNB (-1.30%), CANBK (-0.87%), and BANKBARODA (-0.79%), which capped the upside in the banking index. Market breadth remained negative with 4 stocks advancing against 10 declining.

The NIFTY BANK opened at 59,967.10, touched a low of 59,644.55, hit a high of 60,149.90, and closed at 60,120.55, up 56.90 points (0.09%). The index opened on a flat note and traded sideways for most of the session before witnessing a late rebound, reflecting renewed buying interest. RSI rose slightly and is moving toward 60, indicating improving bullish momentum. Near-term support levels are at 59,184/58,605, and resistance levels are at 61,057/61,636.

Quick Comment on FINNIFTY And SENSEX

The NIFTY FINANCIAL SERVICES closed higher by 117.75 points (0.43%) at 27,807.10, supported by broad-based buying across NBFCs and select private financial stocks. MUTHOOTFIN (+3.53%) led the gains on strong buying interest, followed by KOTAKBANK (+3.33%), BAJFINANCE (+1.79%), CHOLAFIN (+1.09%), and BAJAJFINSV (+1.03%). Additional support came from AXISBANK (+0.85%) and ICICIBANK (+0.82%), reinforcing strength in the financial space. However, weakness in insurance and select lenders capped gains, with HDFCLIFE (-2.40%), SBILIFE (-1.54%), RECLTD (-1.30%), and JIOFIN (-0.72%) ending lower. Market breadth remained slightly positive with 11 stocks advancing against 9 declining. Near-term support levels are at 27,356/27,078, and resistance levels are at 28,256/28,535.

 The BSE SENSEX closed higher by 266.47 points (0.32%) at 83,580.40, supported by strong buying in FMCG, telecom, and select private sector banks. ITC (+5.09%) led the gains on strong buying interest, followed by KOTAKBANK (+3.44%), HINDUNILVR (+2.63%), BHARTIARTL (+2.32%), and BAJFINANCE (+1.76%), providing key support to the index. Buying interest was also seen in POWERGRID (+1.26%), BAJAJFINSV (+1.01%), TITAN (+0.90%), and AXISBANK (+0.82%). However, losses in IT and select heavyweights weighed on sentiment, with TECHM (-1.69%), TCS (-1.69%), ASIANPAINT (-1.21%), ETERNAL (-1.20%), and HCLTECH (-0.96%) ending lower. Market breadth remained mildly negative with 13 stocks advancing against 17 declining. Near-term support levels are at 82,164/81,292, and resistance levels are at 84,983/85,855.

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