Taking Stock: Market snaps 2-day fall; Nifty above 24,700, Sensex jumps 419 pts

Market Today

Indian indices started the week on a positive note, snaping two-day losing streak with Nifty above 24,700 amid buying across the sectors. At close, the Sensex was up 418.81 points or 0.52 percent at 81,018.72, and the Nifty was up 157.40 points or 0.64 percent at 24,722.75.

Amid weak global markets, the domestic indices witnessed a volatility in the initial hours but traded higher for rest of the session with Nifty closing near day’s high on expectation of Fed rate cut post dismal US job reports.

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Biggest Nifty gainers were Hero MotoCorp, Tata Steel, Bharat Electronics, Adani Ports, JSW Steel, while losers were Power Grid Corp, HDFC Bank, ONGC, ICICI Bank, Apollo Hospitals.

All the other sectoral indices ended in the green with PSU Bank, pharma, realty, IT, metal, telecom, media, consumer durables, auto up 0.5-2.5 percent.

The BSE midcap index rose 1 percent and smallcap index added 0.7 percent.

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In stock-specific action, RailTel Corporation shares rose 3% on order win worth Rs 166 crore from, Harsha Engineers International shares added 2% on order win from multinational company, Premier Explosives share price rose nearly 4 percent after winning order of Rs 190 crore, Delhivery shares jump 5% to hit fresh 52-week high after strong Q1 results.

Index	Prices	Change	Change%
Sensex	75,273.45	1,205.00	+1.63%
Nifty 50	23,306.45	394.05	+1.72%
Nifty Bank	53,708.10	1,102.45	+2.10%

Nifty 50 23,306.45 394.05 (1.72%)

Wed, Mar 25, 2026

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Shriram Finance	956.00	52.40	+5.80%

Biggest Loser	Prices	Change	Change%
Tech Mahindra	1,408.50	-24.20	-1.69%

Best Sector	Prices	Change	Change%
Nifty PSU Bank	8581.05	223.50	+2.67%

Worst Sector	Prices	Change	Change%
Nifty IT	29671.30	22.40	+0.08%

Tata Steel shares surged 4% on strong Q1 results, MCX shares jumped 5% after strong Q1 results and 1:5 stock split announcement, Dilip Buildcon shares rose 6 percent on emerging lowest bidder for the Gurugram Metro Rail project, Adani Ports shares rose 3 percent on robust July cargo handling data, Swan Defence shares added 5 percent on agreement with Varex Imaging Corporation to manufacture cargo and vehicle inspection systems in India.

More than 120 stocks touched their 52-week highs on the BSE, including Delhivery, Star Cement, eClerx Services, CCL Products, TVS Motor, Anand Rathi, JK Cement, Nuvoco Vistas, Bosch, HDFC AMC, among others. Click to View More

Outlook for August 5

Ajit Mishra – SVP, Research, Religare Broking

Markets started the week on a positive note, gaining over half a percent amid mixed cues. Despite a weak handover from the U.S. markets, the Nifty opened slightly in the green and gradually moved higher throughout the session, eventually settling near the day’s high at 24,722.75. Sector-wise, most indices contributed to the rebound, with metals, realty, and auto emerging as the top gainers. The broader markets also found some relief after the recent correction, as both the midcap and smallcap indices posted gains of nearly 1.5%.

A recurring pattern observed in recent weeks is that the benchmark tends to trade with a positive bias during the first half of the week, only to witness renewed selling pressure in the latter half. Hence, participants should avoid reading too much into a single-day rebound or pause and instead focus on the sustainability of the move.

A decisive break above 24,800 could trigger further upside toward the 25,000 marks, which acts as the next key resistance. Conversely, a close below 24,600 would indicate a resumption of the corrective phase. Despite the volatility, there continues to be no dearth of trading opportunities across sectors. Traders are advised to align their positions accordingly, with a strong emphasis on stock selection and effective trade management.

Rupak De, Senior Technical Analyst at LKP Securities

Following a positive start, the index remained in the green throughout the day. On the hourly chart, it has reclaimed the 21EMA, indicating improving sentiment.

The RSI has exhibited a positive divergence again, pointing towards improving momentum. Moreover, on the daily chart, a bullish Harami pattern has formed, signaling waning bearishness that could lead to a recovery in the short term.

On the higher end, it might move towards 24850/25000. Support on the lower end, is placed at 24650/24500.

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