The BSE Sensex wrapped up the week on a bullish note, closing at 84,057, its highest level ever. After gaining 131 points on Friday. The Nifty50 followed suit, hovering near the 25,600 mark in early trade before settling slightly lower but still positive. This marks the third day of gains for Indian equities, supported by improving global sentiment, solid macro data, and strong institutional flows.
BSE Sensex Technical Levels
- Current price: 84,057
- Resistance: Blue-sky territory beyond this level
- Support levels: 83,683, then 82,257
Conclusion
The Sensex’s climb to 84,000 isn’t just a technical breakout, it reflects a market leaning into optimism on multiple fronts. Global sentiment is improving as Wall Street steadies and inflation anxieties cool. Back home, FIIs are no longer on the sidelines; Thursday’s ₹12,594 crore influx underscores a renewed conviction in Indian equities.
On the macro front, a softer dollar is working in India’s favor, and traders are also pricing in the likelihood of a tariff extension past the July 9 deadline. Add to that a de-escalation in Middle East tensions and strong showings from heavyweights like Reliance, Bharti Airtel, and HDFC Bank and the market’s resilience makes sense. While short-term volatility is still in play, the broader structure suggests bulls remain firmly in control.
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