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Below the Quote on Post-market comment by Mandar Bhojane , Research Analyst, Choice Broking Ltd

Indian benchmark indices ended the start of the week on a strong note, with the Nifty closing above 22,650. At close, the Sensex was up 494.28 points or 0.67 percent at 74,742.50, and the Nifty was up 152.60 points or 0.68 percent at 22,666.30.

The Nifty50 began the week with a positive trajectory, steadily increasing its gains to surpass its previous peak and closing the session at a new high of 22,666.30, with a gain of 152.60 points. The index exhibited a bullish candle, signaling a breakout from a Rounding Bottom pattern, suggesting a continuation of the ongoing upward trend. According to this pattern, the potential target is around 23,330, while a robust support level lies at 22,500.

Analysis of the Open Interest (OI) data reveals the highest OI on the call side at the 23,000 strike price, followed by the 23,200 strike price. On the put side, the highest OI was observed at the 22,500 strike price.

The biggest gainers on the Nifty included Eicher Motors, Maruti Suzuki, M&M, SBI Life Insurance, and NTPC, while losers were Adani Ports, Nestle India, Apollo Hospitals, Wipro, and Sun Pharma.

On the sectoral front, except for Information Technology and PSU Bank, all other indices ended in the green, with auto, metal, oil & gas, and realty up 1 percent each. The BSE Midcap index was up 0.26 percent, while the Smallcap index ended on a flat note.

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