Closing Bell: Sensex, Nifty end higher after volatile session — How did markets recover? Anil Singhvi explains

Closing Bell: Indian equity benchmarks ended higher on the day, recovering from intraday volatility and sharp swings during the session. The BSE Sensex closed at 75,318.39, up 117.54 points or 0.16 per cent from the previous close of 75,200.85.

The NSE Nifty 50 ended at 23,659.00, up 41.00 points or 0.17 per cent from the previous close of 23,618.00.

Sensex, Nifty End Higher After Volatile Session

During the session, both indices saw sharp volatility. The Sensex opened lower at 74,806.49, down 394.36 points from the previous close, but later touched an intraday high of 75,406.18, up 205.33 points. It also slipped to a low of 74,529.41, down 671.44 points from the previous close.

The Nifty 50 opened at 23,457.25, down 160.75 points, before hitting a high of 23,690.90, up 72.90 points, and a low of 23,397.30, down 220.70 points during the session.

How Did Stock Markets Recover?

Market expert Anil Singhvi said Indian markets are showing a “smart recovery” from lower levels, supported by selective buying and strong support zones in large-cap stocks.

He said there was no single major trigger for the recovery. Domestic fund buying and value buying at lower levels supported the bounce, even as global cues remained weak.

“This is looking very-very smart recovery. There is no big reason, but domestic funds are supporting buying at lower levels,” he said.

Singhvi said Asian markets remained weak, foreign institutional investors (FIIs) were net sellers in cash, and the rupee continued to weaken for several sessions. Crude oil also stayed range-bound near higher levels. Despite these factors, Indian markets recovered during the session.

He said Reliance Industries played an important role in supporting the recovery. The stock recovered around 3 per cent, or nearly Rs 40, from the day’s low after touching levels near Rs 1312–Rs 1314.

Reliance Industries shares closed higher in today’s session after witnessing a strong recovery from the day’s low. The stock closed at Rs 1,359.70, up 37.00 points or 2.80 per cent. It had opened at Rs 1,318.70 and touched a low of Rs 1,312.60 during the session. It also made a high of Rs 1,362.90.

Midcap and Smallcap Trend

Singhvi said midcap and smallcap stocks are showing relative strength. However, he said this should not be seen as guaranteed outperformance in all market conditions. He added that these stocks tend to do better when Nifty is stable, but may underperform if broader indices break key levels.

Nifty, Bank Nifty Levels

He said strong support for Nifty is placed at 23,325–23,425. He added that intraday resistance is seen at 23,640–23,775. He said a close above 23,700 would reduce weakness signals, while a close below 23,575 would indicate pressure.

For Bank Nifty, Singhvi said the key support zone is 52,600–52,800. He identified 52,500 as an important stop-loss level for trading positions. He said upside targets are 53,175, 53,250 and 53,400, while resistance is seen in the 53,400–53,700 range.

He added that a close above 53,800 would signal a return of strength, while sustaining above 53,200 would help maintain stability.

Trading Strategy View

Singhvi said the market has repeatedly shown a pattern where sharp intraday declines of 200–300 points are followed by recovery in the second half of the session.

He said profit booking should be considered near higher resistance zones, especially when indices approach upper ranges after recovery moves. He added that buying should be selective and based on levels, not expectations of continuous strength.