Stock Market Close: Sensex soars 1,205 pts, Nifty ends at 23,306 on West Asia de-escalation hopes | Markets News

Stock Market LIVE Updates: Going ahead, the immediate resistance for Nifty is placed in the 23400-23450 zone. Any sustainable move above this zone could result in Nifty extending its pullback towards 23600, followed by 23800 in the short term. On the downside, the zone of 23150–23100 zone is likely to act as a strong support.

 

View by: Sudeep Shah, head – technical and derivatives research at SBI Securities

Stock Market LIVE Updates: Markets continued to build on the previous day’s momentum as global risk sentiment improved, with hopes of peace emerging on the radar. Potential diplomatic progress between the US and Iran—despite mixed geopolitical commentary—led to easing crude oil prices below $100, which was welcomed by the market. Early signs of normalisation in maritime movement through the Strait of Hormuz are likely to further support investor confidence, although it may be early to comment. The domestic rally was broad-based, supported by value-driven buying across sectors. India’s valuation premium, which had remained elevated for some time, has corrected to more reasonable levels, offering investors greater comfort at current market levels.

 

View by: Vinod Nair, head of research, Geojit Investments 

 

Stock Market LIVE Updates: The BSE Sensex index surged 1,205 points or 1.63 per cent to end at 75,273.45 as a drop in crude oil prices and a rally in Asian markets sparked hopes of de-escalation in the West Asia war.

 

 

Stock Market LIVE Updates: The Nifty Chemical index jumped over 2 per cent as PCBL Chemical and Deepak Fertilizers leading rally. 

Nifty Chemical Heatmap

Stock Market LIVE Updates: Trent share price today: Shares of Tata Group’s fashion and lifestyle retailer, Trent, surged around 5 per cent to hit an intraday high of ₹3,532 on the NSE amid broad-based buying driven by a sharp fall in crude oil prices amid rising hopes of de-escalation in the West Asia conflict. Read more. 

Stock Market LIVE Updates: Ambit Institutional Equities has initiated coverage on Urban Company with a ‘Sell’ rating, projecting a 12 per cent downside on the stock. The bearish forecast stems from the brokerage’s belief that the company’s growth outlook looks ‘messy’, given high competition along with core business expansion reaching saturation point. The brokerage has a target price of ₹97 for the stock. Read more.