From mint · Dhanya Nagasundaram · · 1m 50s
Diwali 2026: Nifty 50 crosses 25,000
Nifty 50 surges past 25,000 as Indian markets enter Samvat 2083.
In brief
Nifty 50 surges past 25,000 as Indian markets enter Samvat 2083. Indian equities entered Samvat 2083 with Nifty 50 above 25,000 after biggest weekly gains since 2021. Originally reported by mint.
Market enters Samvat 2083
Indian equities entered Samvat 2083 with Nifty 50 above 25,000 and Sensex above 81,000 after biggest weekly gains since 2021.
Weekly gains drive rally
Both benchmark indices recorded their biggest weekly gains since February 2021, rising 8.6% and 8.8% as crude oil prices corrected and foreign buying surged.
Foreign buying surge
Foreign institutional investors purchased ₹ 13,749.82 crore on Friday, taking their five-day purchases to ₹ 35,781 crore.
Index performance
Nifty 50 closed at 25,030.35, Sensex at 81,028.02, both at highest levels in more than eight months.
Market context
Despite gains, Nifty down 4.2% and Sensex down 4.9% compared to 7% gain in MSCI Emerging Markets index.
Technical analysis
Nifty 50 has moved above all key exponential moving averages and 200-day simple moving average.
Overbought conditions
Momentum indicators entered overbought territory suggesting potential consolidation after sharp rally.
Key support levels
Immediate support zone 24,770, 24,500, crucial support at 24,300 for Nifty 50.
Resistance levels
Intermediate resistance at 25,150, key resistance near 25,400 for Nifty 50.
Market outlook
Analysts expect consolidation after sharp rally with potential for Nifty to reach 26,000.
Foreign institutional buying
Foreign institutional investors purchased ₹ 35,781 crore over five trading sessions, reversing October selling.
Corporate earnings
Better-than-expected corporate earnings growth supported the rally, with large-cap stocks driving the market.
Market divergence
Sensex rallied 2.6% while Nifty Smallcap 100 gained only 0.67%, indicating institutional money shift to large-caps.
Next steps
Traders advised to adopt conservative approach with selective participation during festive season.
What it means
Indian equities entered Samvat 2083 with Nifty 50 above 25,000 after biggest weekly gains since 2021.
