Green Screens All Around: Nifty 50 Extends Morning Rally With 0.75 Percent Jump

The index opened on a positive note, tracking firm global cues and supportive GIFT Nifty indications, and has gradually built on gains through the first half of the session. Market breadth on the NSE is moderately positive, suggesting participation beyond a handful of heavyweights even as some IT and FMCG names lag.

Intraday Market Snapshot

By around 11:15 am IST, the Nifty 50 was trading roughly 0.75 percent higher, reclaiming key technical levels watched by short term traders. Financials, auto and PSU stocks are among the notable gainers, while defensives are seeing mild profit booking as money rotates back into cyclicals and high beta names.

Flows, Levels And What To Track

Analysts point to healthy domestic institutional and retail flows cushioning any global volatility, even as FPIs remain selective. Traders are watching the intraday resistance zones highlighted by recent trade setup notes near the 23,530–23,550 band and immediate support around 23,250–23,270 for cues on whether this bounce can extend into a stronger uptrend.

Nifty Action Highlights

• Nifty 50 last up around 0.75 percent in late morning trade
• Index builds on a firm open, aided by financials and autos
• Breadth mildly positive with participation beyond index heavyweights
• Key support seen near recent 23,250 zone, resistance closer to 23,550

Sources: NSE, Moneycontrol and NDTV Profit