Stock Market Live Today: Stock market round-up of Thursday’s session
“Sensex closed at 77,410.00, gaining 254.40 points (+0.33%). The index opened marginally lower by around 24 points at 77,131.65 and witnessed initial consolidation with mild profit booking, slipping to an intraday low of 76,953.00. However, buying interest emerged from lower levels, helping the index recover steadily and touch an intraday high of 77,492.35. The benchmark eventually settled near the day’s higher levels at 77,410.00, indicating continued strength in market sentiment.
Technically, the index formed a bullish candle with a higher high and higher low structure, reflecting sustained buying interest on declines. The successful rebound from the 76,950 zone highlights strong demand at lower levels, while the index continues to trade comfortably above its key short-term moving averages and recent breakout zone. The prevailing trend remains positive, with momentum indicators supporting the ongoing upward move.
Sector-wise, Utilities, Hospitals, Services, Power, Telecommunication, Healthcare, Top 10 Banks, Financial Services, Bankex, and Private Banks led the gains. Buying interest was also visible in Consumer Discretionary, PSU Banks, Realty, Commodities, Metals, Capital Goods, and Industrials. On the other hand, Information Technology and Focused IT witnessed profit booking, while Energy remained marginally weak.
The overall market bias remains positive to bullish as Sensex continues to maintain its higher-high higher-low formation and sustains above key support levels. As long as the index holds above the 76,800–77,000 support zone, the broader uptrend is likely to remain intact. On the upside, immediate resistance is placed around 77,800–78,000, where some consolidation may emerge, while stock-specific action is expected to remain positive,” says Hitesh Tailor, Technical Research Analyst at Choice Equity Broking Private Limited.
