business

Can Nifty Bulls Finally Break The 25,000 Barrier On A Closing Basis? | Opening Bell Live

The Nifty 50 staged a strong performance on August 18, rising 1 percent on buzz around GST reforms. The index opened with a robust gap-up and is trading above key moving averages, supported by bullish momentum indicators. Experts say as long as it defends the gap between 24,670–24,850, the index could advance toward 25,000 and even 25,250, while the 24,700–24,600 zone remains strong support and 24,337 is seen as the near-term bottom. Global cues remain mixed—Asian markets are cautious with the Nikkei retreating, GIFT Nifty signals a mildly positive start, and Wall Street ended lower ahead of Jackson Hole and retail earnings. Meanwhile, geopolitical headlines are in focus with Zelenskyy signaling readiness for talks with Putin, followed by potential trilateral discussions involving Trump. Stocks in action today include Vodafone Idea, Trent, and Vedanta. Catch Nandita Khemka in conversation with Ajit Mishra, SVP Technical Research at Religare Broking, and market expert Ambareesh Baliga for insights and strategies.

first published: Aug 19, 2025 09:00 am