Nifty Gains 126.75 Points to Close at 25,175.40 Amid India-EU FTA Optimism

1 min read Updated on 27 Jan 2026, 05:52 PM

Reviewed by

Jubin VScanX News Team

Overview

Indian stock markets ended higher on Tuesday with NSE Nifty gaining 126.75 points (0.51%) to close at 25,175.40 and BSE Sensex rising 319.78 points (0.39%) to 81,857.48. The trading session was marked by high volatility, with Nifty touching a high of 25,246.65 and low of 24,932.55. Market sentiment was primarily driven by optimism over India-EU FTA developments.

*this image is generated using AI for illustrative purposes only.

Indian stock market indices closed higher on Tuesday amid highly volatile trading conditions, with investor sentiment lifted by optimism over the India-European Union Free Trade Agreement (FTA) developments.

Market Performance Overview

The benchmark indices demonstrated resilience despite experiencing significant intraday fluctuations. Market participants responded positively to developments regarding trade negotiations between India and the European Union.

Index	Closing Value	Points Change	Percentage Change
NSE Nifty	25,175.40	+126.75	+0.51%
BSE Sensex	81,857.48	+319.78	+0.39%

Intraday Trading Range

The NSE Nifty exhibited considerable volatility throughout the trading session on Tuesday. The index demonstrated a wide trading range, reflecting the mixed sentiment and active participation from both buyers and sellers.

Parameter	Value
Day's High	25,246.65
Day's Low	24,932.55
Closing Level	25,175.40
Trading Range	314.10 points

Market Drivers

The primary catalyst for Tuesday's positive market movement was the optimism surrounding the India-EU Free Trade Agreement negotiations. This development appears to have overshadowed other market concerns and provided the necessary momentum for the indices to close in positive territory.

The volatile nature of the trading session suggests that while there was underlying positive sentiment, investors remained cautious about broader market conditions. The significant intraday range in the Nifty indicates active profit-booking at higher levels and buying interest at lower levels.

Bank Nifty Surges 732 Points as Axis Bank Leads Banking Sector Rally

2 min read Updated on 27 Jan 2026, 04:32 PM

Reviewed by

Ashish TScanX News Team

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Overview

Bank Nifty surged 732.35 points to close at 59,205.45 on Tuesday, gaining 1.25% and ranking as the second-biggest sectoral gainer. Axis Bank led the rally with over 5% gains following strong Q3 FY26 results, while major banks like PNB, BoB, and SBI gained over 2% each. Kotak Mahindra Bank declined 3% post quarterly results. Technical analysts expect continued volatility ahead of the Union Budget, with key resistance at 59,500 and support at 58,800.

*this image is generated using AI for illustrative purposes only.

The Bank Nifty index delivered a strong performance on Tuesday, closing 732.35 points higher at 59,205.45, representing a gain of 1.25%. The banking sector emerged as the second-biggest gainer among major indices, trailing only the metals sector in terms of performance.

Axis Bank Leads Sectoral Rally

Axis Bank shares dominated the banking sector's upward momentum, surging over 5% to trade at Rs 1,322 per share. The private sector lender's strong performance came on the back of better-than-expected results for Q3 FY26, which boosted investor confidence in the stock.

Broad-Based Gains Across Banking Stocks

The rally extended across multiple banking stocks, with both public and private sector lenders participating in the upward move:

Bank Category	Performance
Top Gainers (2%+):	Punjab National Bank, Bank of Baroda, Federal Bank, State Bank of India, Canara Bank
Strong Performers (~2%):	Union Bank of India, ICICI Bank
Moderate Gains (1%+):	HDFC Bank, Yes Bank
Marginal Gains:	IndusInd Bank

AU Small Finance Bank shares closed with marginal losses, being the only notable decliner among major banking stocks.

Kotak Mahindra Bank Declines Post Results

Contrary to the broader sector trend, Kotak Mahindra Bank shares fell around 3% following the release of its results for the October-December quarter of the ongoing financial year. The decline highlighted mixed investor reactions to quarterly earnings across the banking sector.

Technical Analysis and Market Outlook

Technical analysts noted that Bank Nifty closed with a long bullish candlestick on the daily chart, indicating strong buying interest. Vatsal Bhuva, Technical Analyst at LKP Securities, observed that the index found crucial support near the 58,100 zone and witnessed a sharp rebound after the previous selling session.

Key Technical Levels

Parameter	Level
Current Close:	59,205.45
Key Resistance:	59,500
Support Level:	58,800
Critical Support:	58,100

Analysts cautioned that volatility is expected to remain elevated in coming sessions due to the upcoming Union Budget event. The 20-day moving average and the 59,500 zone are identified as crucial levels, with a sustained close above these levels potentially deciding the next directional move.

Shrikant Chouhan, Head Equity Research at Kotak Securities, emphasized that 58,000 would act as a key level for traders. Below this threshold, the correction wave could continue until 57,500–57,100, while above 59,000, the index could bounce back up to 59,350–59,500.