India's benchmark Nifty 50 index (.NSEI) has turned positive, climbing 0.03% in real-time trading as buying interest counters early pressures. Top performers like Shriram Finance and SBI lead advances, while select heavyweights drag. This subtle rebound reflects steady accumulation near key supports, with eyes on sustained momentum.
The Nifty 50 traded at approximately 25,860 after dipping to 25,801.80 intraday, marking a recovery from a -0.13% prior close of 25,860.10. Volume surged to over 723 million shares, with turnover exceeding ₹6,616 crore, underscoring robust participation despite mixed sectoral cues.
Key Highlights
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Top Gainers: Shriram Finance (+1.49%), SBI (+1.64%), Eicher Motors (+1.32%), Axis Bank (+1.26%), and Hindalco (+1.11%) spearhead the uptick, buoyed by banking and auto sector strength.
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Notable Laggards: HDFC Bank (-0.87%), ICICI Bank (-1.26%), Adani Enterprises (-0.57%), and Max Healthcare (-2.26%) weigh on the index amid profit-taking.
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Technical Outlook: Index hovers near 25,900 support; resistance at 25,950-26,000. Advances (23) edge declines (26), hinting at consolidation before potential breakout.
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Broader Context: 52-week range 21,743-26,325; 30-day change -0.19%, with P/E at 21.85 signaling fair valuation.
Markets remain cautious ahead of global cues, but this green flip offers bulls a foothold.
Sources: NSE India (nseindia.com), The Economic Times (economictimes.indiatimes.com)