The Indian stock market is poised for another strong session today, with the Sensex and Nifty expected to open higher, supported by positive global developments and sustained foreign investments.
Gift Nifty futures were trading at 24,484.5 as of 7:16 AM, indicating a higher start compared to Monday’s Nifty50 closing of 24,328.5.
Key Reasons Behind the Market Rally
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Positive Global Cues:
Asian markets opened higher today, with the MSCI Asia ex-Japan index rising by 0.25%, signaling a positive trend across the region. -
Easing Trade Tensions:
Statements from US officials, including Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, suggested progress in trade talks, especially potential tariff relief and a pending India-US trade deal. -
Continuous Foreign Investment:
Foreign portfolio investors (FPIs) have been net buyers for nine consecutive sessions — the longest streak since July 2023 — boosting market momentum. -
Drop in Dollar Value:
The weakening dollar is attracting more foreign investments into Indian equities, further supporting the rally.
Market Movement on Monday
On Monday, the Sensex crossed the 80,000 mark for the first time, while the Nifty50 gained 1.2%, fueled by better-than-expected earnings from Reliance Industries and robust foreign inflows.
Vinod Nair, Head of Research at Geojit Financial Services, noted,
"Domestic markets bounced back strongly after last week's losses driven by border tensions. Reliance Industries' results and steady foreign buying have boosted investor confidence."
Expert Predictions for Today
VLA Ambala, Co-Founder of Stock Market Today, shared intraday levels for traders:
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Nifty support: 24,160 to 24,000
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Nifty resistance: 24,500 to 24,680
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Bank Nifty support: 55,000 to 53,800
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Bank Nifty resistance: 56,000 to 56,350
She added that sectors like coal, crude oil, electricity, fertilizers, natural gas, steel, and cement are likely to show growth and stability.
Stocks to Watch Today
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TVS Motor Company:
Reported better-than-expected Q4 profits, driven by strong domestic two-wheeler demand and rising exports. -
Shriram Finance:
Currently trading around Rs 619, it is considered in a pullback zone. Ambala recommends buying between Rs 570 and Rs 610 with a target range of Rs 650–Rs 800 over the next 3 to 7 months, maintaining a stop loss at Rs 510.Sectoral Outlook and Growth Indicators
VLA Ambala highlighted growth expectations in sectors like:
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Coal
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Crude oil
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Electricity
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Fertilizers
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Natural gas
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Refineries
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Steel
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Cement
These sectors are expected to benefit from government incentives and policy support.
Conclusion
With global optimism, strong foreign buying, and key corporate earnings lined up, Dalal Street is poised to maintain upward momentum. Investors and traders should closely monitor the quarterly results and geopolitical developments for short-term strategies.
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