Overview
- The Sensex closed at 84,818.13 and the Nifty at 25,898.55 after a volatile session that reversed early losses on value buying in banking, auto, metal and IT stocks.
- Provisional exchange data showed foreign portfolio investors sold Rs 1,651.06 crore as domestic institutions bought Rs 3,752.31 crore, helping stabilize trade.
- The rupee touched a record intraday low near 90.47 to the dollar and later settled at 90.33, with currency weakness and India–US trade uncertainty capping gains.
- Analysts flagged immediate Nifty support around 25,600–25,700 and stiff resistance near 25,950–26,000, with a decisive break likely to set the next direction.
- Looking ahead, Kotak Securities projected roughly a 12% rise in the Nifty by end-2026 in its base case, citing expectations of stronger earnings growth.