Taking Stock: Nifty near 24,900 at day's high, Sensex up on buying in metal, banks

Market Today

Benchmark equity indices ended near the day's high, with Nifty reclaiming the 24,900 level on broadbased rally in metal, financial and consumer durable shares, closing higher on a weekly basis as well.

After a weak opening, indices recovered in the early hours but stayed rangebound for most part of the session, however, the last-hour buying helped the markets end near the day's high.

At close, the Sensex was up 223.86 points or 0.28 percent at 81,207.17, and the Nifty was up 57.95 points or 0.23 percent at 24,894.25. The BSE midcap index was up 0.8 percent and smallcap index added 1 percent.

For the week, BSE Sensex and Nifty added 1% each.

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Tata Steel, Power Grid Corp, Hindalco, Axis Bank and L&T were among major gainers, while losers included Max Healthcare, Coal India, Maruti Suzuki, Tech Mahindra and SBI Life Insurance.

Except pharma, realty, FMCG, all other sectoral indices ended in the green with metal index rose nearly 2 percent, PSU Bank up 1 percent.

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Index	Prices	Change	Change%
Sensex	73,583.22	-1,690.23	-2.25%
Nifty 50	22,819.60	-486.85	-2.09%
Nifty Bank	52,274.60	-1,433.50	-2.67%

Nifty 50 22,819.60 -486.85 (-2.09%)

Fri, Mar 27, 2026

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
ONGC	281.95	11.75	+4.35%

Biggest Loser	Prices	Change	Change%
Shriram Finance	903.80	-52.20	-5.46%

Best Sector	Prices	Change	Change%
Nifty IT	29541.65	-129.65	-0.44%

Worst Sector	Prices	Change	Change%
Nifty PSU Bank	8249.45	-331.60	-3.86%

In stock-specific action, Nuvama Wealth shares added more than 3% on Sebi's approval for mutual fund, Tata Steel shares rose 3% after a block deal of 1.59 million shares, Adani Power shares slipped 3% after blocks, while Sammaan Capital shares fell nearly 3% despite an open offer from International Holding Company.

Paras Defence share price added 5.4% on order win, V-Mart Retail and V2 Retail shares price surged 16% and 3.5% respectively on strong Q2 business update, while UPL shares rose 2% on a likely deal with PepsiCo.

Nearly 180 stocks touched their 52-week high on the BSE, including Tera Software, Netweb Technologies, V2 Retail, L&T Finance, Lumax Industries, Jindal Steel, Goodluck India, Fortis Healthcare, among others. Click to View More

Outlook for October 6

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After showing a sustainable bounce back from the lows on Wednesday, Nifty continued with follow-through upmove amidst range bound action on Friday and closed the day higher by 57 points. Nifty opened on a weak note and recovered immediately after the opening. It later shifted into a range bound action for better part of the session. Further upside was seen towards the end and finally Nifty closed at the highs.

A long bull candle was formed on the daily chart at the lows, which indicates a buy on dips opportunity in the market. This market action also confirms the formation of short-term bottom reversal around the Tuesday's low of 24600 levels.

The underlying short-term trend of Nifty is positive. The next upside target to be watched around 25200 levels by next week. Immediate support is placed at 24750.

Ajit Mishra – SVP, Research, Religare Broking

Markets traded range-bound but managed to end in the green, extending Wednesday’s surge. After a subdued start, the Nifty moved in a very tight range for most of the session; however, the tone remained positive, supported by strength in select heavyweights across sectors. Renewed buying interest in the latter half pushed the index higher, and it eventually closed near the day’s high at 24,894.25 (+0.23%). Sector-wise, strong traction in metals, energy, and banking kept traders engaged, while auto and realty lagged. Broader market sentiment stayed upbeat, with both the Midcap and Smallcap indices advancing in the range of 0.7% to 0.9%.

The day’s move was largely driven by domestic factors. The RBI’s recent monetary policy—holding rates steady while upgrading the growth outlook and lowering inflation guidance—continued to boost confidence in rate-sensitive sectors, particularly banking. Additionally, earnings updates ahead of the reporting season reinforced the positive undertone.

On the technical front, the Nifty tested resistance at 24,900, coinciding with its 20-DEMA. A sustained move above this level could further strengthen the recovery, with upside targets at 25,150 initially, followed by a major hurdle at 25,400. On the downside, immediate support has shifted to the 24,600–24,750 zone. Going ahead, participants should focus on sectors demonstrating relative strength—such as metals, autos, and PSUs—while remaining selective in others.

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