Bizz Buzz Bureau Mumbai

TheBSE Sensex closed at 75,415.35, gaining 231.99 points (+0.31%), amid volatile trading activity throughout the session. The index opened slightly higher by around 77 points at 75,260.39 and touched its intraday low of 75,230.75 near the opening trade.

Thereafter, strong buying momentum emerged during the first half, pushing the Sensex sharply higher to an intraday high of 75,810.97. However, the market failed to sustain at elevated levels, as profit booking erased a major portion of the early gains in the latter half. Despite the pullback, the index managed to close in positive territory at 75,415.35, indicating selective buying support at lower levels.

Sector-wise, Private Banks, BANKEX, Top 10 Banks, Financial Services, Telecommunication, Metal, and Consumer Durables witnessed buying interest and outperformed the broader market. Realty, Power, Healthcare, Focused IT, Information Technology, Utilities, and FMCG sectors remained under pressure, while Capital Goods, Auto, PSU Banks, Industrials, and Consumer Discretionary traded with a mixed to range-bound undertone during the session.

Technically, Sensex continues to trade within a broader consolidation range, as repeated recovery attempts near lower support zones are being capped near higher resistance levels. The index once again faced selling pressure near the 75,800–76,000 zone, highlighting the presence of supply at higher levels.

Immediate support is now placed around 74,800–75,000, while resistance is seen near 76,000–76,200. A sustained move beyond either side of this range could provide the next directional trend for the market in upcoming sessions.

“The overall market bias remains sideways to cautiously positive as the index continues to hold above key support levels despite intraday volatility”, says Hitesh Tailor, Technical Research Analyst at Choice Equity Broking.

Selective strength in banking and metal-related sectors is offering support to the broader market, while weakness in IT and defensive pockets is limiting stronger upside momentum. Traders may continue to witness stock-specific action until Sensex decisively breaks above the 76,000–76,200 resistance zone or slips below the 74,800 support range.