Nifty 50 Extends Uptrend, Benchmark Index Rises 0.7% Amid Positive Global Cues

The Nifty 50 benchmark extended gains, climbing 0.7% as investors reacted positively to global market stability and domestic growth signals. The rally was broad-based, with financials, IT, and energy stocks leading the momentum. Market experts noted that while sentiment remains upbeat, technical levels will play a crucial role in sustaining the rally.

Key Highlights

• Nifty 50 up 0.7%: Gains driven by banking, IT, and energy sectors.
• Support levels: 25,250–25,300; a breakdown could trigger fresh unwinding.
• Resistance zone: 25,650 remains a critical level for sustained upside.
• Global cues: Wall Street rebound and easing inflation supported sentiment.
• Investor outlook: Optimism tempered by caution ahead of earnings and policy updates.

The index’s resilience reflects confidence in India’s economic fundamentals, though analysts advise monitoring technical levels and global signals closely.

Sources: BloombergQuint, Investing.com India, Samco Securities