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

The NIFTY 50 gained 220.35 points (+0.98%) to close at 22,776.10, driven by broad-based buying across key sectors. TRENT (+12.64%) recorded the strongest gain, while BSE (+3.94%), KOTAKBANK (+3.82%), NESTLEIND (+3.42%), and HINDUNILVR (+3.09%) also advanced sharply. JIOFIN (+2.78%), RELIANCE (+2.66%), ETERNAL (+2.56%), ASIANPAINT (+2.46%), and HDFCLIFE (+2.44%) were among the other stocks that posted notable gains. Meanwhile, COALINDIA (-3.16%) was the biggest laggard, with TECHM (-2.04%), MAXHEALTH (-1.58%), TMPV (-0.99%), and ULTRACEMCO (-0.92%) also ending lower. Market breadth was positive, as 32 stocks advanced against 18 declines. 

The NIFTY 50 opened at 22,603.25, touched a low of 22,561.60, hit a high of 22,776.10, and closed at 22,776.10, up 220.35 points (+0.98%). The index extended its rebound as easing crude oil prices and improving global cues, amid retreating bond yields, lifted market sentiment. The RSI moved towards the 40 level, indicating a gradual improvement in momentum. Near-term support levels are at 22,476/22,290, and resistance levels are at 23,076/23,262. 

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Nifty 50 Extends Upswing Amid Cooling Oil Price 

Bank Nifty Commentary for Tomorrow

The NIFTY BANK rose 414.30 points (+0.76%) to close at 55,128.40, helped by strength in several heavyweight banking counters. KOTAKBANK (+3.82%) posted the highest gain, followed by INDUSINDBK (+2.20%) and AXISBANK (+2.11%), while HDFCBANK (+0.94%) and ICICIBANK (+0.81%) also finished in positive territory. UNIONBANK (+0.28%) and SBIN (+0.08%) edged higher as well. FEDERALBNK (-2.25%) emerged as the weakest performer, while YESBANK (-0.95%), IDFCFIRSTB (-0.80%), CANBK (-0.57%), and PNB (-0.38%) also declined. The index ended with balanced market breadth, with 7 stocks advancing and 7 declining. 

The NIFTY BANK opened at 54,901.30, touched a low of 54,834.75, hit a high of 55,201.00, and closed at 55,128.40, up 414.30 points (+0.76%). The index opened higher, moved sideways after the initial advance, and strengthened towards the close to finish with gains. The RSI hovered near the 40 level, indicating a slight improvement in momentum. Near-term support levels are at 54,447/54,026, and resistance levels are at 55,809/56,231. 

Quick Comment on FINNIFTY And SENSEX

The NIFTY FINANCIAL SERVICES advanced 289.65 points (+1.17%) to settle at 24,946.05, backed by widespread gains across financial counters. BSE (+3.94%) led the advance, with KOTAKBANK (+3.82%), JIOFIN (+2.78%), HDFCLIFE (+2.44%), and SBILIFE (+2.37%) also registering strong gains. AXISBANK (+2.11%), RECLTD (+1.47%), MFSL (+0.96%), HDFCBANK (+0.94%), and ICICIBANK (+0.81%) contributed further to the positive performance. At the other end, MUTHOOTFIN (-1.12%) posted the steepest fall, while BAJFINANCE (-0.71%), SHRIRAMFIN (-0.65%), LICHSGFIN (-0.59%), and ICICIGI (-0.11%) ended lower. Overall, 15 stocks advanced, and 5 declined, indicating positive breadth. Near-term support levels are at 24,641/24,452, and resistance levels are at 25,251/25,440. 

The BSE SENSEX climbed 685.34 points (+0.95%) to finish at 73,067.81, buoyed by strong gains in several heavyweight constituents. TRENT (+12.78%) was the standout performer, while KOTAKBANK (+3.59%), HINDUNILVR (+2.83%), RELIANCE (+2.77%), and INDIGO (+2.23%) posted solid advances. ETERNAL (+2.08%), ASIANPAINT (+2.03%), AXISBANK (+2.01%), BHARTIARTL (+1.49%), and SUNPHARMA (+1.07%) also supported the index. In contrast, TECHM (-2.30%) registered the sharpest decline, with TITAN (-1.30%), BAJFINANCE (-0.95%), ITC (-0.76%), and ULTRACEMCO (-0.75%) also under pressure. Market breadth stayed favourable, with 19 stocks advancing, 9 declining, and 2 remaining unchanged. Near-term support levels are at 72,184/71,637, and resistance levels are at 73,952/74,499. 

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