"IT Sparks the Rally! Nifty Climbs Above 24,150 as Lower Crude & Strong Institutional Support Boost Market Sentiment."
How Did the Market Perform Today? Indian equity markets ended Thursday's session on a strong note with benchmark indices closing firmly in the green. Buying interest remained broad-based throughout the day, supported by a sharp recovery in IT stocks, easing crude oil prices, and improving global risk sentiment. The Nifty 50 closed above the 24,150 mark, while the Sensex surged nearly 580 points, reflecting renewed confidence among investors. Lower crude oil prices, easing geopolitical concerns, and sustained domestic institutional buying continued to support the positive momentum. Today's Market Status Sensex gained around 580 points. Nifty 50 closed above 24,150, reclaiming higher levels with strong momentum. IT stocks emerged as the biggest contributors to today's rally. Auto, Realty, Consumer Durables and Financial stocks also witnessed healthy buying. India VIX declined further, indicating reduced market volatility and improving investor confidence. Falling crude oil prices near $70/barrel acted as a major positive trigger for Indian equities. Top Gainers & Buzzing Stocks $INFY Infosys Limited – Strong buying after renewed strength in the IT sector. $TCS Tata Consultancy Services Limited – Gained on sector-wide momentum. $PERSISTENT Persistent Systems Limited – Witnessed strong momentum with robust buying interest. $EXIDEIND Exide Industries Limited – Outperformed with sharp gains. $SONACOMS Sona BLW Precision Forgings Limited – Among the top gainers in the auto space. $KOTAKBANK Kotak Mahindra Bank and ICICI Bank Limited – Banking stocks continued to support the broader market rally. Market Outlook The overall technical structure of the market remains constructive as the Nifty continues to trade comfortably above the 24,000 mark. Sustained strength in IT, Banking and Financial stocks, along with easing crude oil prices and continued DII buying, keeps the broader trend positive. Going forward, 24,200–24,250 will remain an important resistance zone.