Nifty bounced back sharply today and closed higher - Religare Broking Ltd
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* Coal India Limited (CIL) is intensifying its focus on automated coal sampling to improve domestic coal quality. The company is progressively increasing coal despatches through silo-based mechanized loading systems, which are integrated with Auto Mechanical Samplers.
* IIFL Finance declared an interim dividend of ?4 per equity share for FY25-26, with Jan 29, 2026, as the record date.
Technical
* Nifty bounced back sharply today and closed higher after a series of weak sessions, as relief on global trade and geopolitical fronts helped improve risk sentiment.
* After a gap-up opening, the Nifty witnessed an initial dip and then moved in a narrow range for the remainder of the session.
* From a technical perspective, the Nifty is hovering around its long-term moving average, the 200-day DEMA near the 25,150 level.
* Sustaining above this zone will be crucial for any further recovery towards the 25,600 mark; otherwise, the decline may resume with the next support placed in the 24,750–24,900 range. ? In this environment, participants should align their positions with a strong focus on risk management, given the likelihood of continued choppiness in the near term.
NIFTY
* Nifty bounced back sharply today and closed higher after a series of weak sessions, as relief on global trade and geopolitical fronts helped improve risk sentiment.
* From a technical perspective, the Nifty is hovering around its long-term moving average, the 200-day DEMA near the 25,150 level.
* Sustaining above this zone will be crucial for further recovery towards 25,600 mark; otherwise, the decline may resume with the next support placed in the 24,750–24,900 range.
* In this environment, participants should align their positions with a strong focus on risk management, given the likelihood of continued choppiness in the near term.
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BANKNIFTY
* The banking index halted its three-session decline and stabilized, closing above the 50-DEMA, indicating early signs of recovery.
* The index opened with an upside gap but surrendered initial gains amid heightened volatility before rebounding to close near opening levels.
* Broad-based strength was observed across constituents, barring IndusInd Bank and ICICI Bank, while IDFC First Bank and Canara Bank leading advances.
* Immediate resistance is placed near 60,000, while key support lies around 58,400
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