Stock Market Today: Sensex Up 132 Pts, Nifty 50 Above 24,900; RIL Top Gainer; Telecom Stocks In Focus

The Indian stock market today, ie Tuesday opened flat, setting the stage for a potential bullish movement amid positive sentiment post US President Donald Trump and Ukrainian President Volodymyr Zelenskyy meeting. Nifty 50 opened 41 points higher at 24,918 points, whereas Sensex opened with a 132-point gain at 81,406.7 points.

Reliance Industries Limited (RIL) shares were among the top gainers after the Reliance Consumer Products Limited (RCPL) announced its entry into the healthy functional beverage category. RCPL is set to enter into an acquisition in a joint venture with Natureedge Beverages.

Telecom sector stocks and textile sector stocks rallied on Tuesday and may see some further action in the coming hours.

Stock Market Opening Today

Nifty 50 opened above the 24,900 mark with nearly all the broad market indices trading in green. Nifty Microcap 250 was trading around 0.46% higher at 9:30 am. Meanwhile, India Vix was down 1.37% on Nifty indicating a decline in volatility.

Coming to sectoral indices, Nifty Auto was down around 0.22%, whereas Nifty IT, Nifty Media, Nifty Metal were up around 0.24%, 0.86% and 0.16%, respectively. Nifty Oil & Gas rallied around 0.69%.

On BSE, nearly 1,917 stocks were advancing, whereas 959 stocks were declining indicating a positive sentiment prevailing across the stock market today. Additionally, around 47 stocks were trading to their 52-week high mark and around 23 stocks dipped to their 52-week low mark.

Stock Market Today: Top Gainers, Losers

Reliance, Bharti Airtel, Hero Moto Corp, Adani Ports, Eicher Motors, etc were among the top Nifty 50 gainers. Whereas, Shriram Finance, Mahindra & Mahindra,SBI Life, BEL, etc were among the top laggards on Nifty 50 today,

The stock market opening today came hours after Gift Nifty had indicated a weak opening of the Nifty and Sensex today. The Indian stock market started the week on a strong note amid buzz around the positive impact of the proposed Goods and Services Tax (GST) reforms. While Nifty 50 touched the 25,000 mark, Sensex was up by more than 1,000 points during Monday's intraday trading session.

However, both the benchmark indices failed to retain their day's high and pared gains by the end of Monday's trading session. Nifty 50 closed at 24,877 points, whereas the BSE Sensex closed 670 points higher.

Will Stock Market Surge Today?

Nifty 50 may see an immediate support at 24,800 and may see a further upside movement if it exceeds 24,970 mark, according to Nirmal Bang's technical review of the benchmark index.

"Nifty Technical Outlook Nifty is expected to open on a flattish note and likely to witness range bound move during the day. On technical grounds, Nifty has an immediate support at 24800. If Nifty closes below that, further downside can be expected towards 24740-24670 mark. On the flip side 24970-25070 will act as strong resistance levels. Action: Nifty has an immediate Support at 24800 and on a decisive close below expect a fall to 24740-24670 levels," noted the brokerage in its report.

The Indian equities are likely to stay strong in the long-term duration because of positive reasons like Goods and Services Tax reforms proposal, potential tariff relief, etc. according to experts.

"A combination of policy reforms (GST 2.0), sovereign rating upgrade, potential tariff relief, RBI and government stimulus, monsoon-led consumption revival and festive demand could trigger a strong recovery in the corporate earnings in 2HFY26. Thus, we maintain a positive view on Indian equities over the next 6-9 months," noted Siddhartha Khemka - Head Of Research, Wealth Management, Motilal Oswal Financial Services Ltd.

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