Business

Sensex Rises 136 Points, Nifty Closes Above 25,100 As Banking Stocks Drive Gains

The Indian stock markets extend their winning streak for the fourth consecutive session on Tuesday, supported by buying in heavyweight banking and telecom stocks such as ICICI Bank, HDFC Bank, and Bharti Airtel.

The Sensex rises 136 points, or 0.17 per cent, to close at 81,926, while the Nifty advances 30.65 points, or 0.12 per cent, to finish at 25,108.3.

Market experts note that the Nifty maintains an uptrend, sustaining its strength above the key 25,000 mark, with an overall constructive sentiment.

Market analysts state that the immediate hurdle for the Nifty lies between 25,100 and 25,220. A breakout and sustained move above this range could trigger the next phase of gains, they add.

However, they caution that failure to cross this level may result in a brief pullback toward 25,000, which could attract renewed buying interest rather than selling pressure.

After three consecutive confident closings, Nifty faces resistance near the 25,200–25,250 zone, suggesting that bulls may pause for short-term consolidation.

Experts further observe that as long as the index sustains above 24,900, where its 50-day exponential moving average (EMA) is placed, the market outlook remains positive.

Sectoral Trends and Broader Market Performance

In the broader market, midcap and smallcap indices continue to show resilience. The Nifty Midcap 100 gains 0.47 per cent, while the Nifty Smallcap 100 advances 0.31 per cent, indicating continued investor interest beyond large-cap stocks.

Among sectors, realty leads the rally with the Nifty Realty index climbing 1.09 per cent. Strong buying also emerges in the oil and gas, pharmaceutical, consumer durables, healthcare, banking, automotive, and energy sectors.

Meanwhile, FMCG, PSU Bank, media, metal, and IT stocks witness mild selling pressure, ending the session lower.

Analysts attribute the ongoing uptrend to sustained buying in index heavyweights and improving investor sentiment, even as market participants stay watchful ahead of upcoming corporate earnings and global cues.

Also Read: Navi Mumbai International Airport Set To Transform Lives Of Millions

Geetanjali Mishra

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