Market Outlook for Tomorrow - NIFTY, BANK NIFTY, SENSEX and FINNIFTY

The NIFTY 50 advanced by 89.80 points (+0.37%) to close at 24,102.90, supported by strength in pharmaceuticals, autos, IT, and select financial stocks. CIPLA (+4.82%), TECHM (+2.16%), DRREDDY (+1.56%), BAJAJ-AUTO (+1.47%), and SUNPHARMA (+1.40%) led the gains. Further buying was visible in INFY (+1.29%), RELIANCE (+1.16%), HDFCLIFE (+1.04%), BEL (+0.97%), and GRASIM (+0.92%), which reinforced the positive momentum. In contrast, ASIANPAINT (-2.20%), TITAN (-1.20%), NESTLEIND (-1.05%), SHRIRAMFIN (-0.99%), and TRENT (-0.93%) stayed under pressure. Market breadth remained positive, with 27 stocks advancing and 23 declining. 

The NIFTY 50 opened at 24,106.60, touched a low of 24,073.15, hit a high of 24,168.05, and closed at 24,102.90, up 89.80 points (+0.37%). The index ended higher as reports of progress in US-Iran peace talks and a decline in crude oil prices boosted investor sentiment. The RSI remained above the 60 mark, reflecting sustained bullish momentum. Near-term support levels are at 23,839/23,675, and resistance levels are at 24,367/24,530. 

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Nifty Firms Up on Progress in US-Iran Peace Talks

Bank Nifty Commentary for Tomorrow

The NIFTY BANK advanced by 249.85 points (+0.43%) to close at 57,935.60, as buying interest in private and public sector banks kept the index in positive territory. IDFCFIRSTB (+2.38%), Bank of Baroda (+1.71%), PNB (+0.86%), CANBK (+0.83%), and HDFCBANK (+0.74%) emerged as the top gainers. Additional support was provided by AUBANK (+0.67%), SBIN (+0.57%), UNIONBANK (+0.52%), KOTAKBANK (+0.49%), and ICICIBANK (+0.33%). On the downside, INDUSINDBK (-3.02%), YESBANK (-1.81%), FEDERALBNK (-0.05%), and AXISBANK (-0.03%) capped further upside. Market breadth remained favourable, with 10 stocks advancing and 4 declining. 

The NIFTY BANK opened at 57,906.90, touched a low of 57,720.10, hit a high of 58,009.10, and closed at 57,935.60, up 249.85 points (+0.43%). The index opened on a positive note and traded with a positive undertone through the session before closing higher. The RSI hovered near the 70 mark, reflecting strong bullish momentum. Near-term support levels are at 56,698/55,969, and resistance levels are at 59,055/59,784. 

Quick Comment on FINNIFTY And SENSEX

The NIFTY FINANCIAL SERVICES index advanced by 154.40 points (+0.58%) to close at 26,585.55, supported by broad-based buying across banks, insurers, and financials. The rally was led by RECLTD (+4.02%), MUTHOOTFIN (+2.84%), PFC (+2.30%), SBICARD (+1.80%), and CHOLAFIN (+1.63%). Gains were further supported by HDFCLIFE (+1.04%), MFSL (+1.02%), BAJAJFINSV (+0.77%), BAJFINANCE (+0.60%) and HDFCBANK (+0.74%), which reinforced the positive momentum. In contrast, SHRIRAMFIN (-0.99%), ICICIGI (-0.39%), JIOFIN (-0.39%), LICHSGFIN (-0.31%), and AXISBANK (-0.03%) ended lower, limiting the upside to some extent. Market breadth remained positive, with 15 stocks advancing and 5 declining. Near-term support levels are at 26,089/25,782, and resistance levels are at 27,082/27,389. 

The BSE SENSEX advanced by 291.17 points (+0.38%) to close at 77,094.07, supported by gains in pharma, IT, banking, and select heavyweight names. TECHM (+1.87%), SUNPHARMA (+1.39%), RELIANCE (+1.31%), INFY (+1.29%), and BEL (+1.01%) led the move higher. Further support came from BAJAJFINSV (+0.89%), KOTAKBANK (+0.83%), HDFCBANK (+0.79%), BAJFINANCE (+0.71%), SBIN (+0.57%), and ICICIBANK (+0.36%), which extended the day’s gains. However, ASIANPAINT (-2.15%), TITAN (-1.11%), POWERGRID (-0.87%), TRENT (-0.78%), and ITC (-0.75%) capped part of the upside. Market breadth remained positive, with 18 stocks advancing and 12 declining. Near-term support levels are at 76,109/75,500, and resistance levels are at 78,079/78,688. 

Intraday levels for NIFTY, BANK NIFTY, SENSEX and FINNIFTY Levels: