India’s benchmark Nifty 50 index closed 0.58% higher, reflecting renewed investor confidence despite global uncertainties. The index gained 151.30 points to settle at 25,004.45, marking a recovery from previous sessions.
Market Performance And Sectoral Trends
- The Nifty 50 opened at 24,919.35 and touched a high of 25,079.20 before closing at 25,004.45.
- The index’s movement was influenced by gains in banking, IT, and FMCG stocks, while metal and auto sectors saw mild corrections.
- The broader market sentiment remained positive, with mid-cap and small-cap indices also registering gains.
Investor Sentiment And Global Factors
- The rebound comes amid mixed global signals, including concerns over US trade policies and geopolitical developments.
- Analysts suggest that domestic institutional buying and stable macroeconomic indicators contributed to the market’s resilience.
- The Nifty 50’s performance aligns with expectations of steady growth, supported by corporate earnings and policy stability.
Future Outlook And Technical Indicators
- Market experts anticipate near-term resistance at 25,100, with support levels around 24,600.
- The index’s movement will be closely watched for cues from global markets and upcoming economic data releases.
- Investors remain optimistic about sustained momentum, driven by strong corporate fundamentals and liquidity inflows.
Sources: Economic Times, Livemint, Moneycontrol.