India's Nifty 50 index (.NSEI) rose 0.27% to around 26,058.65 during Thursday's session, shrugging off early lows. Buoyed by gains in Reliance Industries and TCS, the benchmark navigated global cues and domestic volatility, with GIFT Nifty signaling cautious optimism.
The Nifty 50 advanced 0.27%, last trading at 26,058.65 after opening at 25,981.85, with a high of 26,061.25 and low of 25,938.95. This modest uptick follows a flat close on Wednesday at 25,986, amid choppy trading influenced by mixed Asian markets and weak U.S. futures. Key drivers included buying in heavyweights like Reliance Industries and TCS, offsetting drags from BEL and M&M, which fell over 2% each.
Broader sentiment remains resilient despite rupee weakness past 90/USD and ongoing FII outflows. Nifty Bank gained 0.22% to 59,477, while Nifty Next 50 rose sharper at 0.47%. Market breadth showed 28 advances against 22 declines in the index, with volatility index steady. Analysts eye support at 25,900 and resistance near 26,325 record high, with December historically positive 10/17 years.
Key Highlights:
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Nifty 50 up 0.27% (72.65 pts) at 26,058.65; day range 25,938.95–26,061.25.
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Gainers: RIL, TCS lead; losers: BEL, M&M down 2% each.
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Nifty Bank +0.22%, Next 50 +0.47%; GIFT Nifty flat.
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52-week high 26,325.80; support at 25,900 amid volatility.
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December avg positive returns; FII flows, global cues in focus.
Sources: Upstox, Economic Times, NDTV Profit, NSE India