Indian Markets Recover Above 24800 Amid Sectoral Shifts

By Mandar in Indian Market Insights —

#### Indian Equity Market Closes Positively on July 29, 2025The Indian equity markets closed on a positive note on July 29, 2025, with the Nifty 50 index surpassing the 24,800 mark and the Sensex increasing by approximately 447 points. This recovery followed a period of bearish trends.* The Nifty saw a dip below 24,700.* The Sensex saw a drop of over 570 points earlier in the week.The market's rebound was driven by sector-specific gains despite prevailing weaknesses and global uncertainties.#### Key Market Highlights1. **Nifty Performance** * The Nifty index rose above 24,800, closing higher after a week of declines. * This signals a potential short-term reversal from the bearish momentum.2. **Sensex Performance** * The benchmark Sensex ended the day 0.55% higher. * Buying interest returned, particularly in selected blue-chip stocks.3. **Sectoral Analysis** * The pharma sector continued to gain. * Sectors like realty and media, which had declined sharply, showed some stabilization. * Financial stocks saw mixed action after recent selling pressure eased.4. **Technical Indicators** * The Nifty traded below its 100-day EMA and moving averages with a bearish RSI near 37, indicating strong selling pressure. * With the put-call ratio nearing oversold territory, a short-term bounce could be in play.5. **Institutional Activity** * Foreign Portfolio Investors (FPIs) were net sellers with significant outflows. * Domestic Institutional Investors (DIIs) were net buyers, supporting market resilience.#### Market OutlookThe Nifty's ability to sustain above 24,800 will be crucial to confirm strength.* Important support lies near 24,600-24,550.* A breach below could trigger further decline.* Resistance zones are identified around 24,800-24,900.Market participants should monitor sectoral performances and global cues amid ongoing volatility.#### ConclusionToday's session reflected cautious optimism with a technical rebound that may be temporary but offers some relief to investors after a challenging phase.