Closing Bell| Sensex ends 158 pts higher, Nifty above 25,000; Adani Ports, Tata Steel, Kotak Mahindra Bank, Ultratech Cement top gainers

Sensex Today| Views from Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices witnessed a volatile trading session. After a roller coaster activity, the Nifty ends 72 points higher, while the Sensex was up by 158 points. Among sectors, the PSU Bank index gained the most, rallying 1.40 percent, whereas the Defense index lost the most, shed 2.35 percent. Technically, on the backdrop of strong global sentiment, our market opened with a gap up, but once again, it registered selling pressure at higher levels. From the day's highest level, the market corrected over 300/1000 points. It also formed a bearish candle on the daily charts, indicating temporary weakness. However, the medium-term outlook of the market remains positive.

We are of the view that 25,000/82000 would act as a key support zone for day traders. Above this level, we could expect a technical bounce back up to 25,200–25,300/82500-83000. On the flip side, if the market falls below 25,000/82000, it could extend the correction up to 24,850–24,800/81600-81500. The current market texture is volatile and non-directional; hence, level-based trading would be the ideal strategy for day traders.

Sensex Today| Views from Vinod Nair, Head of Research, Geojit Investments

Initial gains in the domestic market, driven by the ceasefire announcement and sharp drop in crude prices, were short-lived as renewed geopolitical tensions in the Middle East unsettled investor sentiment. Adding to the uncertainty was heightened volatility due to expiry day dynamics. Although the market attempted to break out of its recent consolidation range, persistent global risks continue to impede momentum. Going forward, the sustainability of an uptrend will hinge on the strength of domestic earnings, with optimism surrounding the upcoming Q1 results supported by favourable domestic macroeconomics.

Sensex Today| Views from Ajit Mishra – SVP, Research, Religare Broking

It turned out to be an eventful day for market participants, as the benchmark index witnessed sharp swings in both directions before finally closing with marginal gains. Initially, sentiment was buoyed by reports of a potential ceasefire between Iran and Israel, along with a sharp decline in crude oil prices. However, concerns resurfaced in the latter half following reports of a possible ceasefire violation by Iran, which led to a pullback and erased most of the early gains. Eventually, the Nifty ended with marginal gains, up 0.3% at the 25,044.35 level.

Meanwhile, most sectors ended in the green, with metals, financials, and banking stocks leading the gains. The broader markets also advanced, with both the midcap and smallcap indices rising over half a percent.

The Nifty's failure to surpass the 25,200-resistance level indicates that the bears are still active and not ready to give in. However, rotational buying across key sectors, along with notable strength in the midcap and smallcap segments, continues to offer trading opportunities. Participants are advised to maintain a positive yet cautious stance, with a strong focus on stock selection driven by sectoral trends.

Closing Bell| Nifty tops 25,000; Sensex gains 158 points as PSU Banks, metals lead rally

Benchmark indices ended higher on Tuesday, with the Sensex rising 158 points and the Nifty closing above the 25,000 mark. Adani Ports, Tata Steel, Kotak Mahindra Bank, and Ultratech Cement emerged as the top gainers.

Among sectoral indices, Nifty PSU Bank led the rally with a 1.5 percent gain, followed by Nifty Metal, which added 1 percent. Nifty Bank, Auto, Private Bank, and Consumer Durables also advanced, each rising 0.7 percent. Meanwhile, Nifty Media was the sole major laggard, slipping 1 percent.

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