Stock Market Close: Sensex gains 544 pts, Nifty50 ends at 23,989; realty, consumer durables shine – Delhi News Daily

Stock Market LIVE Updates: Nifty 50 closed on a positive note after spending most of the session consolidating within the 23,900–23,950 range. The index witnessed a gradual improvement in momentum during the latter half of the session, steadily advancing towards the 24,000 psychological mark. From a technical perspective, the 24,000 psychological level continues to remain the immediate resistance zone. Although the index briefly tested this area, it was unable to deliver a decisive breakout. A sustained move above 24,000, could strengthen bullish momentum and open the door for a further advance towards the 24,200–24,400 region.

On the downside, the 23,900 is expected to act as an immediate support . However holding above 23800 mark range will be crucial to preserve the ongoing recovery structure and maintain the positive bias. Momentum indicators continue to remain constructive, with the RSI hovering near the 59 level. The indicator has been trending higher and remains comfortably above the neutral 50 mark, suggesting improving underlying strength and a gradual increase in buying participation. However, failure to decisively move above the 24,000 psychological hurdle may result in continued consolidation or mild profit booking in the near term. Overall, the near-term technical outlook remains positive.

View by: Ponmudi R, CEO of Enrich Money

Stock Market LIVE Updates: Domestic equity markets continued their recovery momentum, buoyed by growing optimism around a de-escalation in US–Iran tensions and softening crude oil prices. The rally was broad-based, with notable gains in IT, realty, FMCG, and oil & gas sectors. Metal stocks, however, lagged behind, weighed down by a sharp pullback in global metal prices as supply-side concerns began to subside. Investor sentiment remains measured ahead of the upcoming US Fed policy meeting, the first under the newly appointed Chair. While the benchmark interest rate is widely anticipated to hold steady, market participants will pay close attention to the forward guidance and commentary on the trajectory of monetary policy.

View by: Vinod Nair, head of research, Geojit Investments

Stock Market LIVE Updates: The broader markets also closed in the green, with Nifty Midcap 100 and Nifty Smallcap 100 indices adding 0.4 per cent each. 

 

Stock Market LIVE Updates: On sectoral front, the Nifty Realty index gained more than 2 per cent, followed by IT, FMCG and Consumer Durables. 

 

Stock Market LIVE Updates: From the 30-Sensex firms, HCL Tech, HUL, Bajaj Finserv, NTPC, TCS, and Bajaj Finance were among the biggest winners.

 

Stock Market LIVE Updates: The 50-share NSE Nifty went up by 135.25 points or 0.57 per cent to end at 23,989.15.

 

Stock Market LIVE Updates: Benchmark Sensex index rallied on Tuesday, driven by a positive trend in global markets and cooling crude oil prices following a peace deal between the US and Iran. The index closed 544.15 points or 0.71 per cent higher at 78,808.48.