Thursday brought relief to Indian investors as benchmarks reversed a grueling four-day downturn, opening strong on global positivity. Sensex debuted at 79,530.48 (+414 from 79,116.19), Nifty at 24,615.95 (+135 from 24,480.50). At 9:33 AM, Sensex stood at 79,382.41 (+0.34%), Nifty at 24,579.30 (+0.40%).
Broader indices excelled: Nifty Midcap +0.82%, Smallcap +0.83%. Realty led sectors, with Oil & Gas and Auto following. Sensex gainers: Sun Pharma, Adani Ports, L&T, BEL, NTPC, Tata Steel. Losers: HCL Tech, TCS, HUL, Tech Mahindra, Asian Paints.
Asia-Pacific glee—Kospi soaring 12%+, Nikkei 4%+—stemmed from Wall Street’s bounce, contrasting prior geopolitical jitters over US-Israel-Iran and oil spikes that tanked Wednesday’s open by 2%+.
Per Choice Broking analyst Hitesh Tayal, Nifty support lies at 24,300-24,350, resistance at 24,600-24,650; RSI 30.37 suggests caution. FII outflows hit ₹8,752 crore (day 4), balanced by DII inflows >₹12,000 crore (day 6).
Experts advise vigilance: prioritize strong fundamentals amid swings. Bullish bets on Nifty only post firm 25,000 breach, confirming upward trend.