India’s main stock index, the Nifty, started the short trading week on a strong note, climbing past 26,150.
Market snapshot
At the close, the Sensex was up 638 points (0.77%) at 85,567, and the Nifty rose 206 points (0.79%) to 26,172. Mid‑cap and small‑cap indices outperformed, gaining about 0.8% and 1% respectively.
Top gainers and losers
- Gainers: Shriram Finance, Trent, Wipro, Infosys, Bharti Airtel
- Losers: State Bank of India, HDFC Life, Cipla, Tata Consumer, Kotak Mahindra Bank
Sector performance
All sectoral indices ended higher. Capital goods, metals and IT each rose between 1% and 2%.
Notable stock moves
- Hindustan Zinc +2.7% as silver prices hit record highs
- GE Vernova T&D India +5.7% after winning a multi‑year contract
- RITES +2.7% on a memorandum of understanding with Botswana
- Sudeep Pharma –3% after its Q2 profit fell 6%
- Shriram Finance +3.5% on a deal with MUFG Bank
- Apollo Micro Systems +5% after two DRDO technology transfers
- Concord Control +5% on a Rs 139 crore order from Indian Railways
- Fortis Healthcare +2% after buying a 125‑bed hospital in Bengaluru
- Jupiter Wagons +20% after its promoter bought a 0.55% stake
- Varun Beverages +3.6% after acquiring South African company Twizza
- Bondada Engineering +2.7% on a Rs 945 crore order from NLC India
Broad market strength
More than 120 stocks touched 52‑week highs, including names such as NALCO, MCX India, Kirloskar Oil, Hindalco, Ashok Leyland, Vedanta, and many more.
Technical outlook
On the daily chart the Nifty formed a large bullish candle and broke the short‑term barrier of 26,050. The next resistance lies between 26,250 and 26,325, while support is now around 26,050. Short‑term traders may consider taking profits near the 26,250‑26,325 zone and watch for a clear breakout above 26,325.
The Bank Nifty closed at 59,304, forming a small green candle above the previous high. Immediate resistance is near 59,550; a firm move above that could push the index toward the 59,800‑60,000 range.
Bottom line for retail investors
The broad rally, strong foreign inflows and many stocks reaching new highs suggest a positive short‑term bias. However, keeping an eye on the key resistance levels and using stop‑losses can help manage risk.
Disclaimer
Remember, this is my view, not a prediction. Do your own research and consider speaking with a qualified advisor before making any investment decisions.