Sensex Surges 484 Points, Nifty Tops 25,700; Asian Paints Soars 4%

India’s benchmark stock indices closed Friday on a strong note, propelled by gains in FMCG leaders and a rebound in Reliance Industries Limited (RIL).

The S&P BSE Sensex climbed 484.53 points to settle at 83,952.19, while the NSE Nifty50 rose 124.55 points to close at 25,709.85. Broader market indices also ended higher despite intra-day volatility, reflecting sustained institutional participation and broad-based buying.

Ponmudi R, CEO of Enrich Money, highlighted positive domestic sentiment: “The Indian markets ended the week on a strong footing, with both the Nifty50 and Bank Nifty surging past key psychological resistance levels amid robust buying interest. Strength in financials, autos, and FMCG stocks supported the rally.”

Technical Outlook

The Nifty50 broke above horizontal resistance near 25,700, confirming continuation of its uptrend. The index touched a new 52-week high at 25,781.50, with analysts identifying the next resistance zone between 25,800–26,000. A decisive breakout above this range could open the path toward 26,300, setting new lifetime highs.

Immediate support lies around 25,600–25,450, aligning with the rising trendline and short-term moving averages.

Open interest (OI) data from Nifty options reinforces the bullish trend. Total Put OI stands at 17.2 crore against Call OI at 21.3 crore, indicating mild profit-booking at higher levels. Put writers remain active at 25,600 and 25,500, creating strong support, while call writing at 25,800–26,000 reflects near-term resistance. The Put-Call Ratio (PCR) of 0.81 suggests balanced sentiment and a possible consolidation before the next upward move.

Bank Nifty Performance

Bank Nifty outperformed the broader market, registering a new lifetime high of 57,830, above its previous peak of 57,650. The index faces resistance between 58,000–58,300, with support at 57,500–57,250. A sustained move above 58,300 could push the index toward 59,000, while a dip below 56,500 may lead to mild consolidation.

Rupak De, Senior Technical Analyst at LKP Securities, noted: “Large-cap stocks are leading the rally—a classic sign in early bull markets. Nifty looks strong for further upside, and a ‘buy on dips’ strategy could work well. Support is meaningful at 25,500, with resistance around 25,850–26,000.”

Sector Highlights

Among top gainers, Asian Paints surged 4%, contributing significantly to index strength. FMCG and financials saw broad-based buying, while autos also supported the positive momentum ahead of the festive season.

Conclusion

India’s equity markets are displaying firm momentum, supported by robust institutional inflows and improving domestic sentiment. Traders should, however, remain cautious near resistance zones as indices approach record highs.