Nifty Today | Stock Market Live: Nifty Today | Stock Market Live

Sensex, Nifty Ride the Bulls: 

The Sensex and Nifty extended their gains through late-morning trade on Friday, and this wasn't a one-sector show — it was a full-fledged, broad-based rally with buyers stepping in across the board.

The Numbers at a Glance

As of 12:50 pm:

• Sensex: Up 755.09 points (0.92%) → trading at 77,419.91
• Nifty: Up 224.55 points (0.93%) → trading at 24,180.35
• India VIX: Down nearly 7.39%, signaling a sharp cooldown in volatility

What's Driving the Rally

Three sectors took the lead in today's session:

• Metals — outperforming on strong sector-wide buying
• IT — riding the momentum alongside metals
• Banking (private banks in particular) — adding significant weight to the rally

Markets kicked off the session on a strong note, opening with a gap-up that set a bullish tone from the get-go. Driving today's move on the Nifty were three heavyweight names — Reliance Industries, ICICI Bank, and HDFC Bank — which together accounted for the lion's share of the index's advance. Meanwhile, IT stocks staged a comeback, buoyed by the market's reaction to TCS's newly announced quarterly numbers.

Where Nifty Stands — The Levels That Matter:

• Support cushion: 24,020 – 24,040
• Resistance ceiling: 24,270 – 24,290
• If support breaks: A dip below 24,020 could pull the index down toward the next floor at 23,870 – 23,890
• If resistance breaks: Clearing 24,290 convincingly could pave the way for a push toward 24,490

The VIX Angle.

The VIX in India falling nearly 7% is worth noting on its own. Typically, a falling VIX shows that the anxiety of traders is decreasing, as the market participants believe that there will be less volatility within the markets.

This is not investment advice. Please perform your own research or consult with a financial advisor prior to making trading decisions.