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Sensex Gains Over 100 Points, Nifty Above 24,600; Bitcoin Hits Record High Amid Global Market Optimism

Indian stock market rises on strong global cues, IT and consumer durable stocks lead gains, Bitcoin touches new all-time high.

Sensex today live updates: Indian stock market opens higher as global sentiment improves. Nifty above 24,600, Sensex gains over 100 points. IT, consumer durable sectors shine; Bitcoin hits record high.

Sensex Today LIVE: Market Gains on Global Cues, Bitcoin at Record High

Opening Session Sees Positive Momentum

The Indian benchmark indices — Sensex and Nifty 50 — started Thursday’s trading session on a positive note, mirroring gains in major Asian markets. By mid-session, the Sensex was up over 100 points while the Nifty climbed above the 24,600 mark.

Market optimism was partly driven by overnight rallies in global equities, with investors responding positively to signs of economic resilience in key Asian economies.


Investor Sentiment and Global Factors

Despite the upward momentum, trading activity reflected a degree of caution. Investors remained watchful ahead of high-level Russia–U.S. discussions regarding the Ukraine conflict, which could influence global oil prices, currency markets, and risk appetite.

This trading week is also holiday-shortened, which typically results in lighter volumes and narrower market swings.


Sector Performance — IT and Consumer Durables Lead

IT Stocks Outperform

Information technology stocks posted notable gains as demand outlook improved in export markets. Several large-cap IT companies saw buying interest from both domestic and foreign institutional investors.

Consumer Durables in Focus

Consumer durable companies benefited from robust domestic demand and festive season expectations. Analysts believe upcoming promotional events could further boost the sector’s near-term earnings outlook.

Out of the 16 major sectoral indices, eight ended in the green, with IT and consumer durables leading.


Broader Market Movement

Small-cap and mid-cap indices also moved higher, signaling broad-based participation in the rally. Market breadth remained positive, with more stocks advancing than declining.


Bitcoin Hits All-Time High

In the cryptocurrency space, Bitcoin surged to a new record high, driven by strong institutional demand and a favorable macroeconomic backdrop. Analysts attribute the move to growing adoption of digital assets as an alternative investment class.


Technical Analysis and Key Levels to Watch

Market analysts are keeping an eye on the following technical levels:

  • Nifty 50 Support: 24,450
  • Nifty 50 Resistance: 24,700–24,750
  • Sensex Support: 81,000
  • Sensex Resistance: 81,400–81,500

A decisive break above resistance could trigger further buying momentum, while a fall below support may see profit-booking.

Expert Outlook for the Coming Weeks

Analysts maintain a cautiously optimistic stance. The combination of resilient global markets, sector-specific strength, and strong corporate earnings could keep the market buoyant. However, geopolitical developments and global interest rate trends remain key risks.

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