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Nifty Seen Flat After Three-Day Rally as 25,500 Caps Near-Term Upside

A 25-basis-point U.S. rate cut drove a risk-on tone.

Overview

  • Nifty rose for a third session to 25,423.60 (+0.37%), holding a higher high–higher low pattern into Thursday’s close.
  • GIFT Nifty traded slightly lower before the open, signaling a muted start as DIIs logged strong net buying and provisional FPI figures remained inconsistent across sources.
  • Traders flag 25,500 as immediate resistance and 25,300 as key support for Nifty, with Bank Nifty bias positive toward the 56,000–56,150 zone if momentum persists.
  • U.S. stocks finished at record highs after the Federal Reserve cut rates by 25 basis points, reinforcing global risk appetite.
  • Policy headlines stayed in focus as India’s CEA indicated possible U.S. tariff relief on Indian goods and SEBI dismissed Hindenburg’s manipulation allegations against the Adani group.