๐ July 29, 2025
After three consecutive sessions of decline, Indian stock markets made a strong comeback today during the final trading hours. Both the BSE Sensex and NSE Nifty rebounded sharply, bringing relief and renewed optimism to investors.
๐ Key Highlights
- The BSE Sensex surged 700 points from the dayโs low and eventually closed 446.93 points (0.55%) higher at 81,337.95.
- The Nifty 50 crossed the crucial psychological level of 24,800, closing 140 points (0.57%) up at 24,821.10.
๐ Three Key Reasons Behind Todayโs Rally
1๏ธโฃ Value Buying at Lower Levels
After three days of persistent decline, stocks across various sectors were trading at attractive valuations. This prompted investors to step in and buy.
Notably, sectors like IT, metals, and real estate witnessed renewed buying interest.
- The Nifty Realty Index gained nearly 2% after falling for five straight sessions.
- The Nifty Auto Index also rose by about 1%.
2๏ธโฃ Drop in Market Volatility
The India VIX, a gauge of market volatility and investor fear, fell 2.9% to 11.71 today.
A decline in VIX typically indicates reduced fear among investors and a greater willingness to take risks, which supports bullish sentiment in the market.
3๏ธโฃ Positive Global Cues
Strong signals from global markets also boosted sentiment.
Major Asian indices such as Chinaโs SSE Composite and South Koreaโs KOSPI traded in positive territory.
Meanwhile, Wall Street futures pointed to a strong opening in the US markets, further supporting the bullish trend in India.
๐ง Technical View
According to technical experts:
โThe level of 24,922 remains a key resistance for Nifty, but the 24,750โ24,650 zone has repeatedly acted as support. As long as the market does not break below 24,000, there is potential for an upside reversal. On the higher side, 24,788 will act as an important level, with resistance expected between 24,922 and 25,050.โ
โ Conclusion
Todayโs sharp rebound reflects growing investor confidence and a potential shift in momentum. The combination of value buying, reduced volatility, and positive global signals played a key role in this recovery. The marketโs direction in the coming days will depend on whether these support levels hold and if Nifty can decisively break above the key resistance zone.
