Market Momentum: Nifty50 Nears Record Highs

By Mandar in Indian Market Insights —

Good morning, investors! Here's your market update for Thursday, July 24, 2025:

Global Market Overview:

Overnight, U.S. markets closed higher, with the S&P 500 and Nasdaq reaching record highs. This was driven by strong performances from tech giants like Alphabet.

European markets also traded positively. Asian indices, including Japan's Nikkei 225, surged following a U.S.-Japan trade agreement.

  • S&P 500 and Nasdaq reached record highs
  • European markets traded positively
  • Asian indices surged, including Japan's Nikkei 225.

Indian Market Highlights:

On Wednesday, the Nifty50 closed at 25,219.90, up 159 points (0.63%), and the BSE Sensex rose by 539.83 points (0.66%) to 82,726.64.

Notable gainers included Tata Motors, Bharti Airtel, and Bajaj Finance, while Hindustan Unilever and ITC saw declines.

  • Nifty50 closed at 25,219.90 (up 0.63%)
  • BSE Sensex rose to 82,726.64 (up 0.66%)
  • Gainers: Tata Motors, Bharti Airtel, Bajaj Finance
  • Decliners: Hindustan Unilever, ITC

Key Developments:

  • SBI Life Insurance Q1 Results: Scheduled for release today.
  • Analysts anticipate a 2%-8% year-on-year increase in Annual Premium Equivalent (APE), estimated between ?3,720 crore and ?3,936 crore.
  • Monarch Surveyors IPO: Opened on July 22, with a ?94 crore IPO.
  • A 64% grey market premium indicates strong investor interest.

Technical Outlook:

  • Nifty50: Trading near record highs, support is at 25,000, with resistance around 25,500.
  • Bank Nifty: Currently at 58,000, support is at 57,500, and resistance at 58,500.
  • Fin Nifty: At 18,000, support is at 17,800, with resistance at 18,200.

Given the positive global cues and strong domestic performance, the market sentiment remains bullish. Investors should monitor upcoming earnings reports and global trade developments for potential impacts.