Mumbai, July 1 (SocialNews.XYZ) Indian equity benchmark indices ended higher on Wednesday, supported by strong buying in FMCG, banking, financial and realty stocks.
The Nifty climbed 140.10 points, or 0.59 per cent, to close at 24,005.85, while the Sensex advanced 443.97 points, or 0.58 per cent, to settle at 76,922.64.
Commenting on Nifty technical outlook, experts said that the 24,100–24,200 region, which coincides with the 100-day Exponential Moving Average (EMA), continues to act as the immediate resistance zone.
"A sustained breakout above this band would reinforce bullish momentum and could pave the way for an advance towards the 24,400 region," an analyst stated.
"On the downside, the 23,900–23,800 zone continues to serve as a crucial support area, closely aligned with the 20 and 50-day Exponential Moving Averages (EMAs)," a market expert added.
Among the Nifty constituents, Eternal, Adani Enterprises and Nestle India emerged as the top gainers, helping lift the benchmark index.
The broader market also finished in positive territory, with the Nifty MidCap index rising 0.34 per cent and the Nifty SmallCap index gaining 0.36 per cent.
On the sectoral front, the Nifty Realty index led the gains, followed by the Nifty FMCG and Nifty Auto indices, as investors accumulated shares in these sectors. However, the Nifty IT, Nifty Metal and Nifty Pharma indices underperformed the broader market and ended with relatively weaker gains or losses.
Analysts said that domestic equities extended their upward momentum, with gains across key sectors outweighing weakness in information technology, metal and pharmaceutical stocks.
"The domestic markets entered H2 CY26 on an optimistic footing as multiple headwinds began to abate, with the anticipated US-India trade agreement, easing Middle East tensions, and benign oil prices emerging as the key drivers of positive sentiment," an analyst added.
Source: IANS
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