Stock Market Today, Nifty & Sensex Reach Record Highs, Closing Nearly 2% Up; Hindalco and Bharti Airtel Surge Around 4%

Nifty Daily Chart.

The Sensex climbed 1,439.55 points, gaining to close at 82,962.71, while the Nifty advanced 470.40 points, reaching 25,388.90. Approximately 2,228 stocks gained, -1,564 declined, and 103 remained unchanged.

BSE midcap index was up by 1.3% and Smallcap index gain 0.7%

Stock Prediction for 12th September 2024

.

Prediction for Friday: NIFTY may rise if it surpasses 25,500 or fall below 25,300, but this will largely depend on global market signals.

On Sept 12, Nifty opened on a flat note and remained in consolidation through the first half of the session. A sharp rally in the last hour propelled the index to close 470 points higher. The daily charts indicate that Nifty has broken out of its sideways consolidation and is trending upward. Resistance is expected around the 25,500–25,800 range, while support is located between 25,300 and 25,000.

Nifty Support and Resistance

Bank Nifty Daily Chart.

Prediction for Friday: BANKNIFTY may rise if it surpasses 51,300 or fall below 51,100, but this will largely depend on global market signals.

On Sept 12, In the last trading session, Bank Nifty shifted into a positive trend. A long position can be initiated with a stop loss set at 50,894 on a daily closing basis. Bank Nifty has also moved out of its consolidation phase, starting its upward trajectory toward the 52,000–52,500 range. This momentum is expected to continue in the next few sessions. Support is found in the 51,000 to 50,500 zone.

Bank Nifty Support and Resistance