Sensex crosses 82,800, Nifty trades above 25,280 on firm global cues

Indian equity benchmarks opened in the green on Wednesday, 26 June, tracking positive global cues and sustained investor interest in heavyweight stocks.

The BSE Sensex rose 142.77 points, or 0.17%, to 82,898.28 in early trade, comfortably surpassing the 82,800 mark. The index had closed at 82,755.51 on Tuesday. Meanwhile, the NSE Nifty 50 advanced 36.30 points, or 0.14%, to 25,281.05 as of 9:19 a.m., building on its previous close of 25,244.75.

Market sentiment remains upbeat thanks to firm global markets. Analysts note that resilience in IT, banking and auto stocks is supporting the indices at higher levels. Bharat Electronics and Nestlé India are among the top gainers.

Sector-wise, banking, auto and FMCG counters attracted early buying interest, while metal and IT shares were mixed.

Shrikant Chouhan, Head of Equity Research at Kotak Securities, said: “The Bank Nifty is likely to trade within a narrow range of 56,400–56,800. The strategy should be to buy if the Nifty crosses 25,320 with a stop-loss at 25,100. Conversely, if the Nifty falls below 25,100, one should sell with a stop-loss at 25,200.

As long as the Nifty and Sensex stay above 25,000 and 82,000, respectively — and above immediate supports at 25,100 and 82,300 — bullish sentiment is likely to persist. On the higher side, 25,320 and 83,000 will act as immediate resistance zones. A decisive breakout could push the indices towards 25,450–25,500 and 83,500–83,650. However, a drop below 25,100 or 82,000 may weaken the trend.”

Asian markets opened mildly higher, with investors weighing mixed cues from Wall Street and the prospect of rate cuts by major central banks later this year.

With benchmark indices hovering near record highs, analysts advise caution given elevated valuations, yet remain constructive on the long-term outlook, underpinned by macro-economic stability, policy support and improving corporate earnings.