Stock Market Closing Bell 29 July 2025: Nifty Rebounds to 24,821; Jio Finance Sparks Market Reversal Amid Global Cues
By CapitalKeeper | Closing Bell | Indian Equity | Market Moves That Matter
🔔 Bulls Regain Control: Nifty Reclaims 24,800; Jio Finance Leads Reversal | 29 July 2025
Indian markets reversed losses on 29 July 2025 with Nifty closing at 24,821 and Bank Nifty at 56,222. Jio Finance led the rally, confirming pre-market call. Global cues, sector analysis, and key technical levels here.
📊 Market Summary – 29 July 2025
| Index | Open | Close | Change |
|---|---|---|---|
| Nifty 50 | 24,609.65 | 24,821.10 | 🔼 +211.45 pts (+0.86%) |
| Bank Nifty | 55,881.80 | 56,222.00 | 🔼 +340.20 pts (+0.61%) |
| Sensex | 80,620.25 | 81,337.95 | 🔼 +717.70 pts (+0.89%) |
| Fin Nifty | 26,515.15 | 26,700.70 | 🔼 +185.55 pts (+0.70%) |
🧭 Market Recap – Classic Reversal Play
“Amateurs open the market, professionals close the market.”
The adage played out perfectly on Tuesday as early weakness gave way to professional buying in the second half, driving a broad-based recovery. Nifty surged 200+ points from intraday lows to reclaim 24,800 levels, while Bank Nifty also closed above 56,200.
As highlighted in our pre-market analysis, Jio Finance emerged as the key driver, rallying sharply and lifting financials and market sentiment.
🔍 Key Market Drivers
- Jio Finance Trigger: Strong buying in Jio Finance and related financial stocks sparked a sharp intraday reversal.
- Short Covering: Nifty 24,600 PE saw heavy writing, indicating aggressive support by bulls.
- Global Relief: Positive cues from European markets and stable US futures added momentum.
- Defensive to Aggressive Shift: Early session FMCG support transitioned into banking and financial leadership.
🌍 Global Market Snapshot
- US Futures: Slightly positive as investors await Fed policy decision (30 July).
- European Markets: Trading higher on improved risk sentiment post PMI recovery.
- Asian Markets: Mixed; Nikkei rebounded, Shanghai remained muted.
- Commodities: Brent crude at $82.10/barrel; gold steady around $2,388/oz.
- Currency: INR strengthened to 83.64/USD on improved FII inflows.
📈 Sectoral Performance
Top Gainers:
- Financials & Banking: Led by Jio Finance, HDFC Bank, and Kotak Bank.
- Auto: M&M and Tata Motors rallied on strong volume data.
- FMCG: ITC and Britannia continued their defensive uptrend.
Mild Losers:
- IT: Infosys, Wipro ended marginally lower.
- Metals: Hindalco and Tata Steel saw light profit booking.
📌 Notable Stock Highlights
- Jio Finance: Star performer, fueling intraday reversal and banking sector rally.
- HDFC Bank & Kotak Bank: Strong short covering lifted prices above key resistances.
- ITC & Britannia: Defensive buying continued amid earnings stability.
- Infosys: Underperformed on muted guidance concerns.
🔎 Technical Insights
Nifty 50:
- Closed strong at 24,821, reclaiming previous support zone.
- Resistance: 24,950–25,050; breakout may target 25,200+.
- Support: 24,650–24,600 zone remains crucial.
Bank Nifty:
- Closed above 56,200; immediate hurdle at 56,400–56,600.
- Support shifts higher to 55,850.
Fin Nifty:
- Closed at 26,700; bullish momentum visible.
- Resistance: 26,850; support at 26,550.
Outlook for Next Session (30 July 2025)
- All eyes on US Fed outcome; likely to set next trend for equities.
- Watch 24,950 (Nifty) and 56,400 (Bank Nifty) as key breakout levels.
- Sustained momentum in Jio Finance and financials can extend upside.
CapitalKeeper View
The market’s ability to absorb early weakness and close strong signals that bulls are active at lower levels. With short covering + fresh longs evident, trend may remain positive toward 24,950–25,100 ahead of Fed outcome.
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