Curiosity Peaks As Nifty Edges Toward New Resistance Levels

India’s benchmark Nifty 50 index extended its positive run in Monday’s morning trade, climbing 0.51% as investors continued to place bets on large-cap stocks amid renewed optimism in global and domestic markets. The upbeat sentiment comes ahead of key macroeconomic data and corporate earnings, keeping trading floors abuzz.

 

Key Takeaways From Market Action

Nifty 50 last traded up 0.51%, marking consistent strength across multiple sessions.

 

Banking, IT, and auto stocks spearheaded the rally while selective profit-booking kept gains measured.

 

Broader market indices also showed resilience, reflecting improved investor risk appetite.

 

Sector-Wise Highlights

Global Cues Driving Sentiment

Asian equities traded firm in early sessions as fears of aggressive US Federal Reserve tightening eased. Global fund flows remained supportive of Indian equities despite lingering uncertainty on oil prices and geopolitical developments. This positive backdrop lent further support to key indices.

 

Outlook For The Day

With Nifty extending gains, market participants are eyeing whether the index can sustain momentum to test fresh resistance zones. Analysts caution that while market breadth remains healthy, heightened volatility cannot be ruled out as investors prepare for September quarter earnings updates and key inflation numbers.

 

Source: NSE, Bloomberg, Reuters