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Closing Bell: Nifty Closes Above 24,600, Sensex Ends At 80,364; Bajaj Auto, Tata Motors, M&M, Hero Top Gainers
Sensex and Nifty continued to trade on a bullish note after India's GDP growth came in at 7.8%. Sensex is above 80,130, and has gained nearly 325 points, at the time of writing. Furthermore, Nifty 50 traded around 24,545, up by nearly 120 points. Bank Nifty was above 125 points.
Stocks like M&M, Asian Paints, Trent, Infosys, Adani Ports, Power Grid, Tech Mahindra, Bajaj Finserv, Tata Motors, TCS, Eternal and BEL are top bulls of the day, driving the market.
Investors will be keenly monitoring auto sales statistics and HSBC Manufacturing, Services, and Composite PMIs in the domestic market going ahead. The GST Council meeting will also be a major focus, while on the stock-specific front, the most recent AGM highlighted Reliance Industries' aggressive strategy to shift towards next-generation growth engines, with a particular emphasis on digital services, green energy, and artificial intelligence (AI). The announcement of Jio Platforms' eagerly anticipated initial public offering (IPO), which is anticipated to take place in the first half of 2026, was a major highlight.
Closing Bell: Nifty Closes Above 24,600, Sensex Ends At 80,364; Bajaj Auto, Tata Motors, M&M, Hero Top Gainers
Closing Bell: Nifty Closes Above 24,600, Sensex Ends At 80,364; Bajaj Auto, Tata Motors, M&M, Hero Top Gainers
Stock Market Live: BSE, NSE Recover From Last Week's Losses
Stock Market Live: BSE and NSE have recovered from their last week's losses. BSE Sensex was up around 552 points and was trading above 80,360 points. Whereas, Nifty 50 was trading comfortably above 24,600.
Stock Market Live: Why Are Fertiliser Stocks Rallying Today?
Stock Market Live: Fertiliser stocks are rallying during Monday's intraday trade. Deepak Fertilisers, RCF, FACT, NFL, and other fertiliser stocks were trading higher after reports emerged that Russia may boost its fertiliser supply to India and Russia.
Stock Market Live Updates: Nifty At Day's High, Sensex Up 500 Pts; Auto, Fertilisers Stocks Rally
Stock Market Live Updates: Nifty At Day's High, Sensex Up 500 Pts; Auto, Fertilisers Stocks Rally
Stocks Live Updates: VST Tillers Shares Jump
The automobile stock, VST Tillers Tractors, climbed by over 1.3% on BSE. The stock touched an intraday high of Rs 5439 apiece and is nearing its 52-week high of Rs 5,519 apiece. The performance comes after VST Tillers recorded 2% surge in August auto sales to 4,499 units.
Market Live Update: M&M Stock Rallies
Mahindra Group-backed M&M rallied nearly 3%, emerging as top gainer on Sensex and Nifty. Prabhudas Lilladher has recommended BUY on the stock for target of Rs 3,750, with timeframe of 2 months.
Morning Outlook from Mandar Bhojane, Senior Technical & Derivative Analyst - Research at Choice Equity Broking Private Limited
The Nifty 50 is trading below its 100-DEMA, showing a weak trend with risks of further downside if 24,350 breaks. Key supports are at 24,350 and 24,150, while resistance lies at 24,600–24,800. Traders are advised to stay cautious, avoid aggressive positions, and consider buying near 24,350 with a stop-loss at 24,280 and profit booking around 24,700–24,800. Bank Nifty looks weak after breaking below 55,000, but strong support at 53,500–53,300 may trigger a short-term bounce. Resistance is seen at 54,150 and 54,900. Traders can consider buying near 53,300 with a stop-loss at 53,000, aiming for 54,700.
Bank Nifty Derivatives Highlights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The futures & options setup also echoes the fragile mood. Call writers were aggressive at the 54,000 strike, where open interest jumped to 9.03 lakh contracts, cementing it as a strong near-term hurdle. On the flip side, the 53,000 strike continued to command the highest put OI of 7.98 lakh contracts, acting as an immediate support base. However, the unwinding of puts at higher levels and the migration of positions to lower strikes—alongside renewed call writing across the upper band—suggests that traders lack conviction in a sustainable upside breakout. The Put-Call Ratio (PCR) dropped sharply from 0.92 to 0.85, clearly reflecting the dominance of call writers and the prevailing supply pressure at higher zones.
Bank Nifty Outlook By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Closing August on a weak note, Nifty Bank’s breakdown below critical support levels and a strong bearish monthly candle reinforce the dominance of sellers. The steady shift of resistance to lower levels, combined with aggressive call writing and unwinding of put positions, leaves the market structure fragile and tilted toward weakness. For the near term, a decisive move above 54,500 is essential for any sustainable recovery. On the downside, holding above 53,500 will be critical to prevent a deeper slide. Until then, a “sell-on-rise” strategy remains the most prudent approach, with minor rebounds in oversold conditions likely to offer fresh shorting opportunities rather than signalling any meaningful turnaround.
Nifty Cracks Key Supports, Hovering at Make-or-Break 24,400 Zone
“On the daily timeframe, the index continues to face persistent selling pressure, with every minor rebound being swiftly sold into—a clear indication of underlying market weakness. Importantly, Nifty has broken below multiple crucial support levels, turning them into resistances and leaving the current support zones increasingly fragile. The index closed the day with a loss of 74.05 points at 24,426.85, underscoring its make-or-break position. Currently, Nifty is hovering near its last visible support range of 24,400–24,350, a zone coinciding with a strong demand area and previous swing low, which lends added significance. However, the index remains firmly below its 20-, 50-, and 100-day EMAs—levels that are expected to act as stiff hurdles in the event of any rebound. The broader market structure remains tilted towards weakness, with every bounce likely to attract supply pressure. The earlier support band of 24,700–24,600 has now flipped into immediate resistance, and unless this zone is convincingly reclaimed, sellers are expected to dominate higher levels. On the downside, 24,400–24,350 remains the critical support to watch. Lower timeframes are showing oversold signals, suggesting the possibility of a short-lived pullback. Meanwhile, the daily RSI, hovering just below 40, reflects a sideways-to-bearish undertone,” said Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.
Nifty Derivatives Highlights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The options market echoed the cautious sentiment, with call writers rolling over bearish bets into the next weekly expiry. Heavy call writing was seen at the 24,600 strike, where open interest surged to 1.37 crore contracts, cementing it as a strong ceiling. On the other hand, the 24,400 strike held the second-highest put open interest at 85.88 lakh contracts, offering immediate support. However, a visible shift of put writing toward lower strikes underscores weak confidence in a sustainable upside, while call writers continued to dominate near-the-money levels. The Put-Call Ratio (PCR) slipped sharply from 0.64 to 0.54, indicating elevated supply pressure. However, with PCR now deeply oversold, the possibility of a minor technical rebound cannot be ruled out.
Nifty Outlook Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Nifty’s August close on a fragile note—breaking through key support zones and slipping beneath its two-month low—nearly confirms a bearish Harami setup on the monthly chart. The dominance of call writing at crucial strikes, coupled with unwinding and migration of put positions to lower levels, reinforces the prevailing bearish sentiment. With the index trading well below all major moving averages and resistances gradually shifting lower, the structure remains vulnerable. Unless Nifty decisively clears the 24,800 zone, upside momentum will stay capped. On the downside, holding above 24,400 is critical to prevent deeper corrections. For now, a “sell-on-rise” approach appears prudent, with any technical rebounds in oversold conditions likely to be viewed as fresh shorting opportunities.
Reliance Industries | BUY: AGM KTAs: Jio IPO planned in 1HCY26; +ve for RIL/Bharti as tariff hike now likely in next 3-4 months
“We reiterate BUY (unchanged TP of INR 1,700) as we believe RIL has industry leading capabilities across businesses to drive robust 15-20% EPS CAGR over the next 3-5 years, particularly driven by both consumer businesses with Jio’s ARPU expected to rise at 13% CAGR over FY25-28 with ARPU being on a structural uptrend given the industry structure, future investment needs, and the need to avoid a duopoly market. At CMP, the stock is trading at FY27E P/E of 18.8x (3-yr avg: 24.7x) and FY27E EV/EBITDA of 9.7x (3-yr avg: 12.6x). Key risks: a) sharp jump in capex in New Energy business, resulting in rising net debt with limited earnings visibility from new projects; b) weak subs addition and limited ARPU hike; c) muted growth in the retail business; and d) subdued O2C margins due to macro concerns,” said JM Financial Institutional Services Ltd.
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