Market Snapshot:
Indian benchmarks extended their winning streak for a fourth straight session on Tuesday. The Sensex added 137 points to close at 81,926, while the Nifty rose 31 points to 25,108, led by strong gains in financials.
Top Movers:
Financials climbed 0.5%, marking their sixth straight day of gains, fueled by robust loan growth and RBI’s eased lending norms.
Bajaj Finance surged 1.5% after a strong pre-quarterly update.
Bank of India jumped 2.7% post Q2 numbers.
Meanwhile, Trent fell 2% as same-store sales slowed.
Global Cues:
Global markets were mostly higher. Japan’s Nikkei hit a record close, while Europe remained mixed—France’s CAC 40 gained, Germany’s DAX slipped, and the UK’s FTSE was flat. Wall Street continues to rally on AI enthusiasm, especially after OpenAI’s $500 billion valuation and global deals.
Crude & Currency:
Oil prices were steady: Brent at $65.38, WTI at $61.59. The rupee closed at 88.77 vs the dollar, moving in a narrow range amid RBI intervention.
Expert Take:
Vatsal Bhuva of LKP Securities notes that Nifty may see short-term consolidation near 25,200, with support at 24,950–25,000 and resistance at 25,250–25,300.
So, the bulls remain in control, but watch for consolidation before the next leg up.
