
Indian equity markets rose for a sixth consecutive session, closing with solid gains led by financials and PSU banks.
Nifty fifty ended at twenty six thousand thirteen, up one hundred three points or zero point four percent; Sensex closed at eighty four thousand nine hundred fifty one, up three hundred eighty eight points or zero point four six percent; Bank Nifty hit a record high at fifty eight thousand nine hundred sixty two, up four hundred forty five points or zero point seven six percent.
Market sentiment was positive, boosted by RBI policy measures favoring banks and financials.
Indian rupee closed at eighty eight point six three per US dollar, almost flat; its stability helped limit inflation, though import costs stayed elevated.
All eleven sectoral indices closed in the green; top sectoral performers were PSU banks, autos, and private banks, while IT stocks remained subdued due to global tech volatility.
Eternal, Maruti Suzuki, Kotak Mahindra Bank, Eicher Motors, Max Healthcare, Tata Consumer, and Bajaj Auto were top gainers; Tata Motors Passenger Vehicles led the losers after JLR margin guidance was cut following cyberattack and Chinese demand slowdown; Adani Enterprises, Jio Financial Services, HDFC Life, and UltraTech Cement were also notable losers.
Midcap index hit a fresh record high, up zero point seven three percent; smallcap index gained half a percent.
FIIs turned net buyers with four hundred forty two crore rupees inflow, while DIIs bought over eight thousand crore rupees, showing strong domestic support for equities.
RBI announced relief for export-oriented sectors via debt moratorium, easing asset quality worries for banks exposed to exporters.
Markets were lifted by BJP-led NDA’s landslide win in Bihar Assembly, reinforcing political stability and boosting cyclical sectors.
Nifty fifty surpassed resistance at twenty six thousand, showing bullish momentum; support at twenty five thousand eight hundred and twenty five thousand seven hundred, resistance at twenty six thousand one hundred and twenty six thousand two hundred seventy eight.
Bank Nifty made a new all-time high; support at fifty eight thousand five hundred and fifty eight thousand, resistance at fifty nine thousand and fifty nine thousand five hundred; staying above fifty eight thousand keeps the bullish trend intact.
Crude oil price stayed subdued at around sixty dollars per barrel, supportive for India’s import bill and inflation; MCX gold ended at one lakh twenty three thousand three hundred rupees per ten grams, down zero point two one percent; MCX silver closed at one lakh fifty five thousand four hundred twenty four rupees per kilogram, down zero point three eight percent; both remain strong on a weekly basis.
Global focus is on US tariff policy and Nvidia’s upcoming earnings, which could impact global tech sentiment and Indian IT stocks.
Technical setup for tomorrow expects cautious optimism—Nifty could advance if it stays above twenty six thousand one hundred, Bank Nifty likely to retest fifty nine thousand with further rally possible; focus areas include buying in financials, PSU banks, Tata Motors’ recovery, and global cues.
Actionable insight: Look for quality banking and PSU bank stocks for upside, maintain strict stop losses below twenty five thousand eight hundred on Nifty and fifty eight thousand on Bank Nifty, and prefer buy-on-dips as long as supports hold.