Indian equity markets closed strong with Nifty fifty at around twenty six thousand two hundred twenty eight points, up about one hundred seventy five points or zero point six seven percent.
The BSE Sensex surged to about eighty five thousand six hundred sixty eight, gaining nearly five hundred points or zero point six percent.
BankNifty hit fresh record highs near fifty nine thousand six hundred sixty eight, up roughly four hundred fifty points or zero point seven six percent.
The rupee remained steady at approximately eighty eight point sixty against the US dollar amid moderate foreign flows.
Rally driven by sustained buying, positive global cues, and optimism around India-US trade negotiations nearing first tranche closure.
Top gainers: Eicher Motors (up two point seven percent), Bajaj Finserv and Bajaj Finance (both up two point three percent), Reliance Industries (up one point nine percent).
Tech sector supported by HCL Technologies, Tech Mahindra, and Infosys gains.
Losers include Coal India, Maruti Suzuki, and Hindalco.
Fujiyama Power Systems debuted after oversubscribed IPO, listed at two hundred eighteen point forty rupees, down four point two one percent from issue price but recovered intra-day.
Nifty showed strong momentum above twenty six thousand, with resistance at twenty six thousand one hundred twenty and targets toward twenty six thousand two hundred to two hundred fifty; strong support at twenty six thousand and twenty five thousand nine hundred.
BankNifty resistance around fifty nine thousand eight hundred to sixty thousand, support near fifty eight thousand nine hundred.
Strongest sectors: Information Technology (up zero point three nine percent) and Auto sector (up zero point four seven percent), led by two wheelers and commercial vehicles.
Oil and Gas sector declined marginally due to softer global crude prices.
Nifty Midcap and Smallcap indices posted modest gains.
Positive macro updates from advancing India-US trade talks; SEBI futures and options trading guidelines tightening intraday monitoring, no major regulatory changes today.
Commodities: crude oil softer at about sixty three point seventy five dollars per barrel; MCX gold dipped slightly to around one hundred twenty three thousand ten rupees per ten grams; silver up to about one hundred fifty five thousand nine hundred fifty rupees per kilogram.
Precious metals influenced by global central bank policies and Fed’s current stance.
Looking ahead, Nifty's uptrend likely to continue if it holds above twenty six thousand one hundred, with potential to test all-time highs near twenty six thousand two hundred seventy seven.
BankNifty’s new highs suggest banking sector momentum to continue; watch the twenty six thousand one hundred level for clues.
Market volatility subdued around eleven point nine seven, favoring directional trades.
Actionable tip: focus on IT and Auto stocks for momentum, be cautious near resistance (twenty six thousand two hundred twenty eight), use dips as buying opportunities while keeping positions light.