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Sensex & Nifty extend a four-day rally, with Sensex up 1,059 points and Nifty above 25,100.
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Indian stock market gains fueled by global cues, RBI lending reforms, and Q2 corporate updates.
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Analysts predict short-term consolidation, with support near 24,950–25,000 and resistance around 25,250–25,300.
Sensex & Nifty Extend Four-Day Market Rally
Sensex & Nifty continued their strong upward trend for the fourth consecutive session on Tuesday. The Sensex rose 136.63 points, or 0.17%, closing at 81,926.75, adding 1,059 points over four days. The Nifty50 advanced 30.65 points, or 0.12%, to 25,108.30.
This market rally was supported by firm global cues, RBI lending reforms, and positive business updates from companies reporting September-quarter earnings. Investors remained confident, boosting the Indian stock market sentiment across BSE & NSE stocks.
Market Rally Faces Resistance, Short-Term Consolidation Likely
Technical analysts expect the market rally to face short-term resistance near 25,200–25,250. Vatsal Bhuva from LKP Securities noted that bulls might pause, leading to a brief consolidation before the next upward move.
As long as Sensex & Nifty sustain above 24,900 (near Nifty’s 50-day EMA), the outlook remains positive. Analysts predict Nifty will trade in a range of 24,950–25,300, with support at 24,950–25,000 and resistance at 25,250–25,300. This forms an important stock market outlook for short-term traders.
Sensex & Nifty Leaders and Sectoral Performance
Among BSE & NSE stocks, Bharti Airtel led gains on the Sensex, rising 1.55% to ₹1,932. HCL Technologies added 1.40%, while UltraTech Cement, Tata Steel, Bajaj Finance, and Power Grid rose 1.18%, 1%, 0.98%, and 0.92%, respectively.
Five major stocks — HDFC Bank, ICICI Bank, Bharti Airtel, Reliance Industries, and M&M — drove the Sensex’s gains. Sectorally, the BSE Oil & Gas index jumped 0.47% to 27,489.18, and the BSE Telecommunication index gained 2.13% to 2,918.87.
Within the BSE 100 pack, Canara Bank and Hero MotoCorp hit fresh 52-week highs of ₹128.40 and ₹5,649, demonstrating strength in key BSE & NSE stocks during the market rally.
Market Rally: Stock Breadth and Circuit Movements
During the session, out of 4,322 actively traded BSE & NSE stocks, 1,858 closed higher, 2,305 declined, and 159 remained unchanged. A total of 175 stocks hit 52-week highs, 130 slipped to 52-week lows, 242 were locked in upper circuits, and 178 in lower circuits.
This broad participation indicates that the market rally is not limited to select stocks, making the overall Indian stock market movement healthy and diversified.
Sensex & Nifty: Analyst Insights and Stock Market Outlook
Vinod Nair, Head of Research at Geojit Investments, said that the Sensex & Nifty opened positively, supported by global cues and expectations for the September-quarter earnings. However, the session ended with moderate gains as Q2 earnings expectations remain modest.
The short-term stock market outlook will focus on corporate commentary for insights into Q3 recovery. Financial stocks advanced due to RBI reforms, while FMCG stocks underperformed due to subdued pre-result updates.
Sensex & Nifty: Key Takeaways for Investors
In summary, the Sensex & Nifty have rallied over 1,000 points in four sessions, with the Nifty crossing 25,100. The market rally has been supported by global cues, central bank reforms, and strong earnings updates. Analysts suggest monitoring support near 24,950–25,000 and resistance at 25,250–25,300 for short-term trading.
Investors following the Indian stock market and BSE & NSE stocks should watch the upcoming corporate results to guide medium- to long-term investment decisions. The current stock market outlook remains cautiously positive, with potential consolidation before further gains.
