Indian Stock Market Today: Bulls Charge Ahead as Sensex and Nifty Rally on Banking & IT Strength

# Indian Stock Market Today: Sensex and Nifty Close Higher Amid Broad-Based Buying

## Indian Stock Market Report – Updated With Corrected Data

The Indian stock market closed on a positive note today, supported by gains in banking, IT, and auto stocks. Benchmark indices ended higher after witnessing intraday volatility driven by global cues, institutional flows, and sectoral rotation.

## Benchmark Indices – Closing Data (Updated)

– **BSE Sensex** closed at approximately 72,400+ levels, gaining around 300–450 points during the session.
– **NSE Nifty 50** settled near the 22,000 mark, up by nearly 80–150 points.
– **Nifty Bank** outperformed broader indices, closing with gains of over 0.8%.
– **Nifty Midcap 100** and **Nifty Smallcap 100** indices ended marginally higher, indicating selective buying.

(*Note: Exact figures may slightly vary depending on final exchange settlement data.*)

## Market Breadth

Market breadth remained positive on the NSE:

– Advancing stocks: Approximately 1,500+
– Declining stocks: Around 1,000+
– Unchanged: Limited stocks

Positive breadth indicates broader participation beyond index heavyweights.

## Sectoral Performance – Corrected Overview

### Banking & Financial Services
Banking stocks led the rally, supported by sustained credit growth and stable asset quality expectations.

Top contributors:
– HDFC Bank
– ICICI Bank
– Axis Bank
– SBI

### Information Technology (IT)
IT stocks gained following stable global tech sentiment and currency movement.

Key movers:
– TCS
– Infosys
– HCL Technologies
– Tech Mahindra

### Automobile Sector
Auto stocks traded higher on expectations of improved monthly sales data and steady rural demand.

### FMCG Sector
FMCG stocks traded mixed but defensive buying was visible in select large-cap names.

### Realty & Capital Goods
Realty and infrastructure stocks witnessed selective accumulation amid positive domestic growth outlook.

## Top Gainers (Indicative Large Caps)

– ICICI Bank
– Larsen & Toubro (L&T)
– HDFC Bank
– Tata Motors
– Infosys

## Top Losers (Selective Pressure)

– Select Pharma counters
– Defensive utilities
– Profit booking in select PSU stocks

## FII & DII Data (Recent Trend)

– **Foreign Institutional Investors (FIIs):** Mixed activity with selective buying in financials and IT.
– **Domestic Institutional Investors (DIIs):** Continued support through steady inflows.

Institutional participation remains a key pillar of market stability.

## Global Market Impact

– Asian markets closed mixed.
– European indices traded cautiously positive.
– US futures indicated a stable opening.

Crude oil remained range-bound, while the Indian Rupee traded near stable levels against the US Dollar.

## Technical Analysis – Updated Levels

### Nifty 50 Technical Levels
– Immediate Support: 21,850
– Strong Support: 21,700
– Immediate Resistance: 22,100
– Major Resistance: 22,300

Momentum indicators suggest a mildly bullish bias with consolidation at higher levels.

### Sensex Technical Levels
– Immediate Support: 72,000
– Resistance Zone: 72,800–73,000

Trend remains positive as long as indices sustain above short-term moving averages.

## Outlook for Next Trading Session

Markets may remain range-bound with positive bias. Traders should watch:

– Global cues overnight
– Institutional flow data
– Movement in banking heavyweights
– Crude oil price volatility

Stock-specific action is likely to dominate near-term sessions.

## Investment Strategy

### Short-Term Traders
– Focus on momentum in banking and IT stocks.
– Maintain disciplined stop losses.

### Long-Term Investors
– Accumulate quality large-cap stocks on dips.
– Diversify across sectors including banking, IT, FMCG, and infrastructure.

## Conclusion

The Indian stock market maintained resilience despite global uncertainties. Banking and IT stocks supported benchmark indices, while broader markets showed selective participation. Institutional flows and stable macroeconomic indicators continue to provide support to equities.

Investors are advised to stay cautious yet optimistic, focusing on fundamentally strong stocks and maintaining proper risk management strategies.

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*Disclaimer: Market data is based on publicly available exchange information and is for informational purposes only. Investors should verify live data from official sources before making investment decisions.*