Bulls Signal a Comeback: Nifty 50, Sensex Set for a Positive Start Amid Global Rally

Indian equities look set to open on a firmer note, tracking bullish trends from global markets fueled by optimism over a possible U.S.–China trade agreement and expectations of a U.S. Federal Reserve rate cut. The GIFT Nifty index hints at a higher start for both Nifty 50 and Sensex, while analysts anticipate near-term consolidation amid overbought technicals and recent profit booking.

On the previous trading day, Nifty 50 and Sensex closed lower despite a late recovery as investors booked profits following a strong multi-week rally. Market experts suggest that, while positive global cues will buoy sentiment, further gains may be capped by resistance near 25,950–26,100 on Nifty and 84,570–84,885 for Sensex.

Notable Updates:

Global Momentum: Rally in U.S. stocks and upbeat Asian markets lift domestic sentiment.

Key Levels: Nifty 50 support at 25,700 and resistance at 25,950; a decisive move either way could set intraday direction.

Strategy Outlook: Analysts recommend accumulating quality stocks on dips; broader indices enter a short-term consolidation phase.

Sector Trends: Metal and oil stocks lead on global growth optimism; BFSI and FMCG show subdued action.

Sources: Moneycontrol, Goodreturns, Trade Brains, Economic Times.