Synopsis: Indian stock markets opened strong on Tuesday, with Nifty breaching the 24,400 mark and Sensex rising over 400 points amid positive global cues and broad-based buying. PSU banks, auto, and IT stocks led the early trade momentum.
 "Stock Market Rally: Nifty Crosses 24,400, Sensex Soars Over 400 Points!")
The Indian stock market kicked off Tuesday’s trading session on a bullish note, with Sensex climbing 409.4 points to 80,627.85 and Nifty gaining 118.10 points to hit 24,446.60 by 9:25 AM. The positive opening was fueled by optimism from global markets and active buying in key sectors including PSU banks, auto, and IT.
Market Snapshot
- Sensex: +409.4 points (0.51%) at 80,627.85
- Nifty: +118.10 points (0.49%) at 24,446.60
- Nifty Bank: +492.90 points (0.89%) at 55,925.70
- Nifty Midcap 100: +490.90 points (0.43%) at 54,931.15
- Nifty Smallcap 100: +183.15 points (1.10%) at 16,860.05
Key Technical Levels
According to market analysts:
- Nifty Support Levels: 24,250
- Nifty Resistance Zones: 24,500 (immediate), 24,600 & 24,700 (extended)
- Bank Nifty Support: 55,300, 55,000 & 54,700
- Bank Nifty Resistance: 55,600, 55,900 & 56,200
Vaishali Parekh from PL Capital noted that Sensex has found strong support around the 200DMA at 79,100, and is now approaching the 61.8% retracement level. A breakout above 80,400 could pave the way for further gains.
Top Gainers & Losers
Gainers:
IndusInd Bank, Bajaj Finserv, Axis Bank, Tata Motors, M&M, Titan, SBI, Bajaj Finance, Maruti Suzuki, Power Grid
Losers:
UltraTech Cement, Nestle India, Sun Pharma, Asian Paints
Global Market Influence
Asian markets showed mixed cues:
- Positive: Hong Kong, Seoul, Jakarta, Japan
- Negative: China, Bangkok
In the US, the Dow Jones rose 0.28%, S&P 500 edged up by 0.06%, while Nasdaq slipped 0.10%, reflecting a cautious yet steady global investor sentiment.
Institutional Activity
Foreign Institutional Investors (FIIs) continued their ninth consecutive session of net buying with inflows worth ?2,474.10 crore. Domestic Institutional Investors (DIIs) followed suit for the second session, injecting ?2,817.64 crore into the markets.
With solid institutional support and upbeat global signals, the Indian markets are well-poised for further upside—especially if resistance levels are decisively broken.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investors are advised to consult certified professionals before making any investment decisions.
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