Indian stock market indices, Sensex and Nifty 50, are expected to open flat to weak on Friday, following soft global cues. Gift Nifty signals a negative start, trading near 25,613 — about 43 points lower than Nifty futures’ previous close.
On Thursday, the market extended its rally for the second session, with the Sensex jumping 862 points to 83,467.66 and the Nifty 50 closing 262 points higher at 25,585.30. Analysts believe the short-term outlook remains bullish, though some consolidation may occur. Sensex support lies at 83,200–82,900, while resistance is expected around 83,800–84,000.
For Nifty, strong bullish momentum continues, supported by a breakout above key resistance levels. Experts project targets of 25,800–26,000 in the near term, with firm support near 25,420. Some analysts anticipate the index may test its record high of 26,250 before month-end if momentum persists.
Bank Nifty also remains positive after gaining 622 points to 57,422. Immediate support lies around 56,900–57,000, while resistance is seen near 57,630–58,000. Analysts advise a buy-on-dips approach, expecting the index to move toward 58,000–58,500 amid sustained bullish momentum.
