Stock Market Close: Sensex surges 630 pts, Nifty tops 23,700; Oil holds $100-mark; Fed outcome eyed | Markets News

Stock Market LIVE Updates: Indian equity markets extended their upward momentum for a third consecutive session, underpinned by a steady build-up in buying interest through the day. The rally found support in mildly easing crude oil prices, even as lingering geopolitical tensions continued to cast a shadow in the background. Global cues remained constructive, with overnight gains in US equities setting the tone, followed by firm trends across Asian markets and positive indications from European bourses. This synchronised strength across regions points to the emergence of cautious optimism across global risk assets. 

 

 

Stock Market LIVE Updates: Nifty prices extended its upward move for the third straight session, however, the index once again failed to sustain above the 23850 mark. As prices approached this level, profit booking emerged. The 23850 – 24000 zone continues to act as a strong resistance band. Historically, this range has repeatedly acted as both a key support and resistance area, making it technically significant.

Additionally, the heavy concentration of call writing around these levels is capping the upside and limiting the sustainability of the ongoing rally. If prices surpass 23850 level convincingly, the index may gradually move towards 24000, followed by the 24200 -24300 zone, where the 21-day EMA is positioned.

View by: Vishnu Kant Upadhyay – AVP, research advisory – Master Capital Services.

Stock Market LIVE Updates: Sectorally, Nifty IT, Media, Auto, Chemical and Realty were among the top gainers. 

Stock Market LIVE Updates: Eternal, Tech M, Infosys were among the top gainers on Sensex. 

Stock Market LIVE Updates: Broader market indices closed higher. 

Stock Market LIVE Updates: NSE Nifty50 settled at 23,777.8, up 196.65 points or 0.83 per cent. 

Stock Market LIVE Updates: BSE Sensex closed at 76,704.13, up 633.29 points or 0.83 per cent. 

Stock Market LIVE Updates: India’s aviation sector is facing a fresh bout of turbulence, with a combination of rising fuel costs, the DGCA’s directive on free seats, and geopolitical disruptions in West Asia weighing on near-term earnings visibility. Read more.