Indian Markets Surge Amid Budget Optimism

By Mandar in Indian Market Insights —

Stock Market Surge on July 23, 2025

India's stock markets experienced a significant rally on July 23, 2025, driven by positive investor sentiment regarding the Union Budget.

  • The BSE Sensex increased by over 500 points.
  • The Nifty50 surpassed the 25,200 mark.
  • The auto and banking sectors showed strong performances.

Notable Momentum Stocks

Shares of these automotive giants experienced gains:

  • Tata Motors
  • Maruti Suzuki
  • Mahindra & Mahindra: These stocks rose up to 3%.

This surge was influenced by a global increase in auto stocks following the U.S.-Japan trade agreement. This event raised expectations of a similar deal between India and the U.S.

Technical Analysis

  • Nifty50: The index closed at 25,060.9, encountering resistance near 25,100 due to significant call writing.
    • A breakthrough above this level could trigger more gains.
    • Support is at 25,000.
  • Bank Nifty: The index closed at 56,756.
    • Resistance is around 56,800.
    • Support is at 56,500.
  • Fin Nifty: The index closed at 18,500.
    • Resistance is at 18,600.
    • Support is at 18,400.

Overall, the market sentiment is positive, with investors keeping a close watch on global trade developments and domestic policy announcements.