Synopsis : The Indian stock market rebounded after a flat start, with Sensex climbing over 300 points and Nifty crossing 24,600. Heavyweight earnings, technical cues, and strong investor sentiment are driving optimism towards the 25,000 mark.
Indian markets opened on a cautious note but quickly regained momentum, turning green in early Tuesday trade. The Sensex surged 356.13 points (0.44%) to 80,960.21, while the Nifty advanced 108.50 points (0.44%) to 24,693.55.
Initially, both indices dipped slightly, with the Sensex starting at 80,508 and the Nifty slipping to 24,563. However, a positive technical setup and sectoral resilience lifted sentiment.
Market Movers:
Early gainers included L&T, UltraTech Cement, Bharti Airtel, and Kotak Bank, while ICICI Bank, HCL Tech, Sun Pharma, and ITC lagged behind.
Technical Outlook:
Analysts suggest key support zones at 24,525/80,500 and 24,450/80,200. Sustaining above these levels could push Nifty towards 24,700–24,800 and Sensex to 81,000–81,300. A dip below 24,400/80,000 may trigger mild profit booking.
Earnings Watch:
The day is packed with heavyweight Q1 earnings announcements from Hindustan Aeronautics, ONGC, Hindalco, Apollo Hospitals, Jindal Steel & Power, and Zydus Lifesciences. Several mid- and small-cap companies, including Suzlon Energy, Nykaa, Oil India, and MRF, are also set to report results.
Market Sentiment:
Following Monday’s 222-point Nifty surge, traders are eyeing the 25,000 milestone amid upcoming US and India CPI data and the Trump–Putin summit. Record mutual fund inflows in July, along with strong SIP contributions, continue to underpin market confidence.
Preferred trades include buying Nifty in the 24,450–24,475 zone with targets of 24,700–25,300, and Bank Nifty in the 55,200–55,300 zone with targets of 55,850–56,600.
Disclaimer : This article is for informational purposes only and does not constitute financial advice. Readers are advised to consult with a certified financial advisor before making investment decisions.
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