Nifty ends 222 points higher, while the Sensex was up by 746 points
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, August 11, 2025: Today, the benchmark indices bounced back sharply, with the Nifty ends 222 points higher, while the Sensex was up by 746 points. Among sectors, almost all the major sectoral indices traded in positive territory, but the PSU Bank index outperformed, rallying over 2 percent. Technically, after a long correction, the market has formed a reversal pattern on daily charts. Additionally, a bullish candle on daily charts also supports further uptrend from the current levels.
We believe that 24,500/80400 and 24,445/80200 would act as key support zones for day traders. Above these levels, the pullback move is likely to continue till 24,700-24,750/81000-81200. On the flip side, below 24,445/80200, sentiment could turn negative. Traders may then prefer to exit their long positions.
Gaurav Garg, Lemonn Markets Desk, adds:
"On August 11, Indian equity benchmarks Sensex and Nifty snapped a six-week losing streak, rebounding sharply on the back of value buying, positive global cues, and sector-specific gains. The Sensex surged 746.29 points (0.93%) to 80,604.08, reclaiming the 80,000 mark, while the Nifty climbed 221.75 points (0.91%) to 24,585.05. The rally came after a prolonged period of weakness triggered by steep U.S. tariff measures, with traders viewing the recent correction as an opportunity to re-enter. Gains were supported by strength in Grasim Industries and State Bank of India, upbeat quarterly earnings, and optimism over potential progress in U.S.-Russia talks that could ease geopolitical tensions and tariff pressures.
Global sentiment added to the momentum as Asian markets edged higher on strong corporate earnings in the tech sector, while Wall Street futures pointed to continued strength after the Dow, S&P 500, and Nasdaq ended the week on a positive note. Falling oil prices, driven by expectations of sanctions relief on Russian crude, also supported investor mood. Additionally, robust domestic liquidity conditions were evident in the latest AMFI data, which showed an 81% month-on-month surge in equity mutual fund inflows to Rs42,672 crore in July. Analysts cautioned, however, that despite this rebound, the market remains technically vulnerable, with geopolitical developments—particularly the outcome of the Trump-Putin meeting—likely to dictate the near-term trajectory.”
