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Nifty’s Sprint To 24,600 Just A One-Day Wonder Or Will The Bulls March Higher?| Opening Bell Live

The Nifty 50 staged a sharp rebound on August 11, climbing 222 points and recovering nearly all of the previous day’s losses, signalling the possibility of a bullish trend reversal. Experts say follow-through buying is key, with 24,330 acting as crucial support. A move past 24,650 could pave the way toward the 24,800–24,850 resistance zone, potentially triggering a larger rally, while failure to sustain may keep the index in consolidation mode. Global cues are mixed with Wall Street paused ahead of key CPI data, while Asian markets are upbeat after former US President Trump extended the China tariff deadline by 90 days. Stocks to watch include ONGC, Bata India, and Medi Assist among others. Catch Nandita Khemka in conversation with Ruchit Jain of Motilal Oswal Financial Services and Sandeep Bagla of TRUST Mutual Fund.

first published: Aug 12, 2025 09:01 am