Indian stock markets opened sharply higher on Tuesday, with the Sensex rising over 600 points to 79,120 and the Nifty climbing 167 points to 24,531 in early trade.
The rally was driven by easing crude oil prices, positive Asian market cues, and strong buying in banking stocks. Brent crude cooled towards the $94–95 per barrel range, giving relief to investors after recent concerns around Middle East tensions and supply disruptions.
Financial stocks led the upmove, with private banks and NBFCs showing strong momentum. Buying was also seen across realty, metal, auto, and infrastructure sectors, while India VIX declined, indicating lower near-term market fear.
Analysts now see 24,500 as an immediate resistance zone, and a sustained move above this level may open the door for the next rally leg.
Do you think Nifty can sustain above 24,500 and move towards 25,000 this week?
Aaj Indian stock market ne strong opening di, jahan Sensex 600 points se zyada chadhkar 79,120 par pahunch gaya aur Nifty 24,531 ke level par trade karta dikha.
Is rally ka sabse bada reason raha crude oil prices ka soft hona, positive Asian cues aur banking stocks mein strong buying. Brent crude ab $94–95 range ke aas-paas aa gaya hai, jisne investors ko kaafi relief diya hai.
Private banks, NBFCs ke saath-saath realty, metal aur auto sectors mein bhi broad-based buying dekhne ko mili. Saath hi India VIX mein girawat ne short-term fear ko bhi kam dikhaya hai.
Ab market experts ke hisaab se 24,500 ek important resistance level hai. Agar Nifty iske upar टिकता hai, to next target 25,000 ho sakta hai.