The Indian stock market displayed a positive momentum today, driven by strong performances in banking and IT sectors. The benchmark indices ended on a high note, with the NIFTY 50 gaining 141.55 points (+0.61%) to close at 23,344.75, and the SENSEX advancing 454.11 points (+0.59%) to settle at 77,073.44. The NIFTY Bank outperformed, soaring 810.20 points (+1.67%) to close at 49,350.80, while the NIFTY IT also added 160.60 points (+0.38%) to end at 42,192.80. Small-cap stocks were upbeat as well, with the BSE SmallCap index rising by 427.70 points (+0.82%) to 52,739.01.
Index Performance Table
| Index | Closing Value | Change | Percentage Change |
|---|---|---|---|
| NIFTY 50 | 23,344.75 | +141.55 | +0.61% |
| SENSEX | 77,073.44 | +454.11 | +0.59% |
| NIFTY Bank | 49,350.80 | +810.20 | +1.67% |
| NIFTY IT | 42,192.80 | +160.60 | +0.38% |
| BSE SmallCap | 52,739.01 | +427.70 | +0.82% |
Top Gainers
| Stock | Closing Price | Change | Percentage Change |
|---|---|---|---|
| Kotak Mahindra Bank | ₹1,920.50 | +9.21% | +9.21% |
| Wipro | ₹300.25 | +6.49% | +6.49% |
| Bajaj Finance | ₹7,440.10 | +3.59% | +3.59% |
| Bajaj Finserv | ₹1,735.20 | +3.25% | +3.25% |
| NTPC | ₹336.05 | +3.04% | +3.04% |
Top Losers
| Stock | Closing Price | Change | Percentage Change |
|---|---|---|---|
| SBI Life Insurance | ₹1,499.70 | -2.65% | -2.65% |
| Trent | ₹6,090.00 | -2.04% | -2.04% |
| Shriram Finance | ₹516.70 | -1.86% | -1.86% |
| Adani Ports | ₹1,148.70 | -1.27% | -1.27% |
| HDFC Life | ₹634.05 | -1.27% | -1.27% |
FII and DII Activity
| Investor Type | Buy (₹ Crores) | Sell (₹ Crores) | Net Activity (₹ Crores) |
|---|---|---|---|
| DII | 15,339.21 | 11,017.25 | +4,321.96 |
| FII/FPI | 9,473.16 | 13,809.70 | -4,336.54 |
Sectoral and Market Insights
The banking sector led today’s rally, with Kotak Mahindra Bank driving the gains. IT stocks also contributed positively, reflecting optimism amidst recent global developments. On the other hand, the pharma and metal sectors struggled, weighed down by concerns over policy uncertainties and weakening demand.
Technical Overview
Nifty 50:
The NIFTY 50 showcased resilience, closing above its key support level of 23,200. Immediate resistance stands at 23,600, and a breakout above 23,400 could lead to targets of 23,570 and 23,670. The RSI indicates improving buying momentum at 41.34.
Bank Nifty:
Bank Nifty maintained its bullish trajectory, closing above its 10-day EMA at 49,274. With support at 49,050, the index is poised to test the 50,200 level if current momentum sustains.
Options Analysis:
The maximum call open interest (OI) is concentrated at the 24,000 strike, while the maximum put OI is at the 23,000 strike, suggesting a trading range between 23,000 and 24,000.
Sectoral Impact of US Policies Post Trump’s Win
Recent US policy changes have had varying effects across sectors:
- Pharma: Declined by 2.13% amid tariff and budget cut concerns.
- IT: Gained 3.81%, benefiting from tax cuts but facing stricter outsourcing policies.
- Metals: Dropped 9.28%, impacted by anti-China tariffs.
- Energy: Fell by 10%, due to challenges from anti-ESG measures.
Small-Cap Segment Outlook
Small-cap stocks continued their upward momentum, delivering 17% annualized returns over two decades. Despite occasional corrections, the segment remains a promising wealth creation tool for long-term investors.
Budget 2025 Expectations
The market anticipates renewable energy initiatives to feature prominently in Budget 2025. Notably, the power sector allocation has already increased by 16% to ₹20,502 crore, reflecting the government’s commitment to sustainable growth.