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Below the Quote on Post market comment 28th August 2025 by Amruta Shinde, Research Analyst, Choice Broking

Indian equity markets ended higher on Tuesday, driven by strength in IT, pharma, and FMCG stocks, though auto and realty sectors saw some selling pressure. Market sentiment improved after Infosys announced a share buyback proposal, sparking strong buying in IT names and lifting overall mood. The Sensex rose 314 points to close at 81,101, while the Nifty gained 95 points to end at 24,869. The broader markets also moved up, with the BSE Midcap and Smallcap indices rising 0.2% each, showing steady interest beyond large-cap stocks.

On Tuesday, the Nifty moved higher and closed with a gain of 95 points at 24,869, supported by strength in IT and pharma stocks. The index formed a bullish candle on the daily chart, reflecting positive sentiment after Infosys’s buyback news. Strong buying interest was visible at lower levels, though the zone of 24,900–25,000 continues to act as a stiff resistance. On the positive side, Nifty managed to stay above its 10- and 20-day EMAs near 24,730, keeping the short-term trend intact. However, unless the index sustains above 25,000, some consolidation or mild profit booking cannot be ruled out. Immediate support is placed near 24,620.

On September 9, 2025, Bank Nifty closed at 54,216, up 30 points, after a volatile session where it traded between 54,079 and 54,350. Gains were supported by Kotak Mahindra Bank, IDFC First Bank, Icici Bank while Hdfc Bank, Indusind Bank and Axis Bank weighed on the index. The overall sentiment remained steady, though upside was capped by weak participation from heavyweight banks. Key resistance is seen at 54,500–55,000, with support at 53,600–53,000. A decisive move above 55,000 may trigger fresh buying, while the index is likely to remain range-bound between 53,600 and 55,000 in the near term.

Volatility remained contained, with India VIX steady around 10.8, reflecting a stable trading environment despite intraday swings. In the derivatives segment, the highest Call open interest was placed at 25,000, while the highest Put open interest was at 24,800, suggesting firm resistance at 25,000 and solid support at 24,800.

Overall, markets closed on a positive note, with IT outperformance being the key highlight. Traders will closely watch the 24,900–25,000 range on Nifty and the 55,000 level on Bank Nifty for the next breakout.

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