Nifty 50 Extends Gains, Trades Higher At 24,761 With Broad Market Support

Market Opening  
Indian equities opened on a firm note today, continuing their rebound from earlier losses this week. The Nifty 50 climbed past 24,700, while the Sensex advanced sharply, driven by sectoral strength in metals and banking. Domestic institutional inflows provided resilience, helping the market sustain momentum despite global volatility.  

Key Highlights  

• Nifty 50 last up 1.15%, trading at 24,761  
• Sensex surged over 600 points to 79,720  
• Metal index gained more than 3%, led by Hindalco and Tata Steel  
• Banking and auto sectors showed steady strength  
• IT stocks slipped nearly 1%, weighing on overall momentum  
• Mid-cap and small-cap indices rose about 0.8% each  

Sectoral Trends  
Metals continued to lead the rally, buoyed by firm global commodity prices and strong demand outlook. Banking and auto counters added stability, reflecting confidence in domestic consumption. However, IT stocks faced selling pressure amid concerns over global tech spending, keeping overall gains balanced.  

Market Context  
Analysts highlight that while domestic liquidity and retail participation continue to support Indian equities, global uncertainties including geopolitical tensions and commodity price swings are keeping investors cautious. The Nifty’s ability to sustain above 24,700 will be closely watched as traders assess near-term momentum.  

Sources: Reuters, Economic Times, Business Standard, Mint