Indian Markets Open Strong; Nifty Above 25,000 In Early Trade

Stocktwits - Indian equity markets opened sharply higher, with the Nifty50 crossing the psychological 25,000 mark, led by broad-based buying across sectors.

As of 9:40 a.m. IST, the Nifty 50 had climbed 180 points to 25,034, while the Sensex rallied 626 points to 82,347.

The rally extended to broader markets, with the Nifty Midcap index gaining nearly 1%, reflecting bullish sentiment across the board.

Sectorally, a sea of green dominated the screen. Real estate, metals, and auto stocks led the charge, lifting overall market breadth.

However, retail sentiment on Stocktwits remained ‘bearish’.

Nifty sentiment and message volume on May 26 as of 10:00 am IST. | source: StocktwitsEternal ( Zomato (NSE:ETEA)) was the top Nifty laggard, plunging 3% after global index providers FTSE and MSCI slashed its weightage. This followed a reduction in Eternal’s foreign ownership limit from 100% to 49.5%, potentially triggering outflows worth approximately $840 million.

GNFC shares surged 7% on the back of strong March quarter results. Despite flat revenue, profitability improved significantly, boosting investor confidence.

Balkrishna Industries (NSE:BLKI) tumbled 10% after weak March quarter earnings disappointed the street.

JSW Steel (NSE:JSTL) traded nearly 1% higher post a decent earnings report. The stock was also in focus ahead of a Supreme Court hearing on the Bhushan Power liquidation case.

Divi’s Labs rose over 3% after announcing a long-term manufacturing and supply agreement with a global pharmaceutical player. The company also disclosed plans to invest ₹650–750 crore to expand capacity to support the deal.

Paytm (NSE:PAYT) gained 2% after the Supreme Court stayed a ₹5,712 crore GST notice, offering temporary relief to the fintech firm.

Looking ahead, investors will monitor Aurobindo Pharma (NSE:ARBN), KEC International (NSE:KECL), Nazara Tech, among others, as they report quarterly numbers later in the day.

From a technical standpoint, SEBI-registered analysts on Stocktwits shared the trade setup.

Prabhat Mittal pegged immediate support for the Nifty at 24,780 and resistance at 25,153, while he placed Bank Nifty support at 55,100 and resistance at 56,100.

A&Y Market Research anticipates that the Nifty will likely consolidate in the near term, with a critical support zone established around 24,500. Until Nifty can decisively clear the 25,200 level, a “buy on dips and sell on rise” approach is advised, especially as foreign institutional investor (FII) inflows and a strengthening rupee point to improved risk appetite.

For intraday trading, resistance levels for Nifty are identified at 25,187 and 25,238, while immediate support lies between 24,746 and 24,811.

In the case of Bank Nifty, resistance is pegged at 55,443 and 55,557, with support between 54,334 and 54,470.

Asian markets traded mixed as investors digested U.S. President Donald Trump’s decision to delay the imposition of 50% tariffs on European Union goods from June 1 to July 9. And U.S. markets will remain shut today for Memorial Day.

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