Nifty Breaks Past 26,200 After Sept 2024; Sensex Gains 446 Points as Markets Advance Again

Indian Stock Market Today Rallies on Global Tech Surge as Nifty Crosses 26,200 and Sensex Climbs 446 Points

Index	Price	Change	% Chg
Nifty 50	26,192.15	139.50	+0.54%
Nifty Bank	59,347.70	131.65	+0.22%
Nifty Financial	27,861.35	217.65	+0.79%
BSE SENSEX	85,632.68	446.21	+0.52%

The Indian stock market today extended its upward momentum on Thursday, buoyed by strong global cues, renewed foreign inflows and a broad risk-on sentiment across Asian markets. A stunning set of earnings from Nvidia fuelled a global tech rally, lifting equities across regions and reinforcing optimism among domestic investors.

By the closing bell, the market showcased strong resilience. The Nifty 50 closed at 26,192.15, up 0.54%, while the Sensex climbed 446.21 points, or 0.52%, to end the session at 85,632.68. The Bank Nifty, a major contributor to the broader momentum, continued its record-breaking run, closing 0.22% higher at 59,347.70.

The sustained gains come as investors gear up for potential developments on an India–US trade partnership, along with healthy macro indicators at home. The upbeat sentiment propelled the Indian stock market today to its highest levels in nearly three months.

Also Read : Sammaan Capital Shares Rebound 4% After Clarification on SC Case Involving Ex-Promoter

Sensex and Nifty Push Higher as Global Tailwinds Reinforce Domestic Rally

The session began on a strong note, with benchmark indices opening in the green and holding their gains throughout the day. The Nifty 50 crossed 26,200 for the first time since September 2024, touching an intraday high of 26,246.65—just shy of its record level of 26,277.35, last hit on September 27, 2024.

Meanwhile, the Sensex maintained steady momentum, helped by heavyweight counters such as Reliance Industries, HDFC Bank, and financial heavyweights that continued to attract institutional flows.

Though the broader markets lagged, the sustained buying in frontline stocks ensured that the upward momentum remained intact. The BSE Midcap and Smallcap indices ended marginally lower, signalling selective profit-booking outside the benchmark pack.

Bank Nifty Hits Fresh Record High as Financials Maintain Leadership

A standout performer in the Indian stock market today was the banking index. The Bank Nifty marched ahead for the fourth consecutive session, touching a fresh record high of 59,440.10 before settling at 59,347.70.

HDFC Bank, Axis Bank, ICICI Bank and other major lenders contributed to the index’s momentum, reflecting persistent buying interest in financials. Analysts note that strong macro stability, improving credit growth and a robust earnings outlook continue to favour the sector.

Top Gainers and Losers as Market Shows Sectoral Divergence

A mix of heavyweight performers and sector-specific moves shaped the day’s trade.

Top Nifty Gainers

• Eicher Motors +3.31%

• Bajaj Finance +2.30%

• Bajaj Finserv +2.29%

• Reliance Industries +2.01%

• Tech Mahindra +1.82%

Top Nifty Losers

• Asian Paints -1.16%

• HCL Tech -1.09%

• Titan Company -0.84%

• Hindustan Unilever -0.52%

• ONGC -0.48%

Sector-wise performance was mixed, highlighting the ongoing rotation in the Indian stock market today.

Top Gaining Sectors

• Oil & Gas +0.55%

• Auto +0.44%

• FMCG +0.08%

• Metal +0.02%

Top Losing Sectors

• Media -1.54%

• Consumer Durables -0.53%

• Pharma -0.18%

• Realty -0.14%

Market Breadth Remains Weak Despite Index Gains

The advance–decline ratio hinted at a softer undertone, even as frontline indices rallied.

• Advancers: 1,385

• Decliners: 1,721

• 52-week highs: 82

• 52-week lows: 138

The India VIX rose 1.35% to 12.14, signalling increased volatility expectations as markets hover near record levels.

Multiple stocks also saw significant moves. More than 140 stocks touched their 52-week highs, including MCX India, SBI Life, Hero MotoCorp, Axis Bank, Airtel, Bharat Forge and Canara Bank. On the other hand, over 180 stocks hit fresh lows, including Page Industries, United Breweries, Orient Cement, Man Infra and KNR Construction.

Stock-Specific Movers Add Buzz to Indian Stock Market Today

Several companies saw sharp action during the day:

• NBCC (India) jumped 2.5% after winning an order worth ₹2,966 crore.

• VA Tech Wabag gained on securing a contract from Melamchi Water Supply Development Board.

• ACME Solar rose after commissioning 16 MW of its wind power project in Gujarat.

• Mahindra Holidays rallied 2.7% after entering the ‘leisure hospitality’ segment.

The surge in project-based stocks contributed to steady sentiment in infrastructure and industrial themes.

Technical View: Nifty Inches Toward Record High, Trend Remains Bullish

From a technical standpoint, the Nifty 50 formed a robust bullish candle with wicks on both ends, indicating volatility but an underlying positive bias. Analysts expect the index to test 26,350, followed by 26,500, in the short term.

Support has now moved higher to the 26,050–26,000 region, which may act as a cushion for any dip. From a broader perspective, 25,800 remains the positional support.

The Indian stock market today continues to reflect a strong V-shaped recovery, with heavyweight participation expected to sustain the momentum. Traders continue to favour the “buy on dips” approach given the market’s structural bullishness.

Global Markets Extend Gains as Tech Rally Lifts Sentiment

Asian and European markets echoed the optimism, with global indices rallying sharply:

• Stoxx Europe 600: +0.8%

• S&P 500 futures: +1.1%

• Nasdaq 100 futures: +1.6%

• Dow Jones futures: +0.6%

• MSCI Asia Pacific Index: +1.2%

• MSCI Emerging Markets Index: +0.9%

The strong global rally provided a positive backdrop for the Indian stock market today, especially as Nvidia’s blockbuster earnings lifted tech stocks worldwide.

Rupee Weakens Amid Strong Dollar Index

Despite strong equity markets, the rupee fell 23 paise to ₹88.71 against the US dollar following a broad strengthening in the greenback. Markets also priced in lower odds of a near-term rate cut by the US Federal Reserve.

F&O Ban List: Sammaan Capital, SAIL in Ban; Bandhan Bank Near Limit

On the derivatives front, several stocks entered the F&O ban list today, including:

In Ban List:

• Sammaan Capital

• SAIL

Possible Entrants:

• Bandhan Bank

• Kaynes

• Amber

• HFCL

• IRCTC

• RBL Bank

• Tata Elxsi

This reflects heightened participation and rising open interest levels as markets approach record peaks.

Outlook: Indian Stock Market Today Signals Strong Momentum With Room for Upside

With the Nifty approaching its lifetime high—only 40 points away—and the Bank Nifty hitting another record, sentiment remains broadly bullish. Heavyweight contributions from Reliance, HDFC Bank and auto names indicate strong market leadership.

As global cues remain favourable and domestic fundamentals stay resilient, analysts expect the Indian stock market today to maintain its upward bias, with dips likely to attract buying interest across sectors.

• Nifty 50
• Bank Nifty
• Sensex

FAQs Nifty Crosses 26,200 and Sensex Climbs 446 Points

Why did the Indian stock market rise today even though global volatility remains high?

The Indian stock market rose today largely due to robust foreign inflows, strong earnings from global tech giants like Nvidia, and renewed optimism over potential India–US trade talks. These catalysts offset global volatility and strengthened domestic investor confidence.

What pushed the Nifty 50 index above the 26,200 level for the first time since September 2024?

Nifty crossed the 26,200 mark due to broad-based buying in heavyweights such as Reliance, HDFC Bank, Bajaj twins, and auto stocks. A global tech rally, supportive macro data, and a positive risk-on mood added further momentum.

How significant is the Bank Nifty hitting another record high in today’s market movement?

Bank Nifty’s fresh record high is significant because it reflects strong credit demand, improved earnings visibility for lenders, and steady institutional buying. Sustained strength in banking stocks often signals continued market bullishness and supports rallies in benchmark indices.

Why did midcap and smallcap stocks underperform the benchmark indices today?

Midcap and smallcap indices underperformed due to selective profit-booking, higher valuations, and rising volatility indicated by a jump in India VIX. Investors preferred frontline stocks amidst global uncertainty, causing a temporary shift away from broader market segments.

What are the key technical levels to watch for Nifty in the short term after today’s bullish close?

After today’s strong close, Nifty faces immediate resistance near the record high of 26,277, followed by 26,350 and 26,500. On the downside, support has shifted higher to the 26,050–26,000 zone, with positional support near 25,800.

How did global markets influence the Indian stock market today, particularly the rally in tech shares?

Global markets—especially US futures and Asian indices—rallied after Nvidia reported exceptional quarterly earnings and upbeat guidance. This lifted global tech sentiment, which spilled over into Indian markets, driving gains in IT, financials, and energy stocks.

Why did the Indian rupee weaken even though the stock market closed higher today?

The rupee weakened by 23 paise due to a stronger US dollar and lowered expectations of a Federal Reserve rate cut. Forex markets were driven more by global dollar strength and shifting monetary cues than domestic equity performance.