Nifty 50 today:

The Indian stock market is likely to open on a strong note today, June 24, 2025, following positive cues from global markets. This comes after an announcement by former US President Donald Trump that Israel and Iran have agreed to a “complete and total ceasefire.” Although Iran has denied a formal agreement, it stated that military action would stop if Israel halted its strikes by 4 a.m. local time.

Nifty 50 today:

The Gift Nifty, an indicator of market sentiment, was trading around the 25,206 level — about 212 points above the previous Nifty futures close — suggesting a gap-up opening.

On June 23, markets closed lower due to profit booking and geopolitical concerns. The Sensex dropped by 511.38 points to settle at 81,896.79, while the Nifty 50 closed below 25,000 at 24,971.90, down 140.50 points.

According to technical analysts, Nifty 50 has been facing resistance in the 25,100–25,200 range. Unless it moves decisively above this level, the market may continue to be volatile. However, strong support is expected around 24,800 levels. Experts suggest that a move above 25,225 could signal bullish strength, while a fall below 24,700 might trigger a correction.

Bank Nifty, which fell 193.50 points to 56,059.35, is expected to show a positive trend if it stays above 55,400. A rise to 56,700 or even 57,400 is possible. Technical indicators suggest the medium-term outlook remains optimistic despite recent sideways movement.

In summary, both Nifty 50 and Bank Nifty may remain in a consolidation phase unless a strong breakout occurs. The short-term outlook is cautiously optimistic, supported by global developments and technical patterns.

Disclaimer: The information above reflects the views of market analysts and should not be taken as investment advice. Investors are advised to consult certified financial advisors before making any trading decisions.

Also Read:Gulf Skies Reopen as Trump Declares Israel‑Iran Ceasefire

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