Stock Market Closing Bell 31 July 2025: Nifty Closes at 24,768; July Futures Data Signals Key Trends for August
By CapitalKeeper | Closing Bell | Indian Equity | Market Moves That Matter
🔔 Nifty Ends July with Positive Reversal; 100-Point Bounce Confirms Key Support | 31 July 2025
Indian markets closed higher on 31 July 2025 with Nifty at 24,768 and Bank Nifty at 55,961. July F&O data shows strong rollover trends; key stocks to watch for August positioning explained.
Market Summary – 31 July 2025
| Index | Open | Close | Change |
|---|---|---|---|
| Nifty 50 | 24,642.25 | 24,768.35 | 🔼 +126.10 pts (+0.51%) |
| Bank Nifty | 55,728.15 | 55,961.95 | 🔼 +233.80 pts (+0.42%) |
| Sensex | 80,695.50 | 81,185.58 | 🔼 +490.08 pts (+0.60%) |
| Fin Nifty | 26,495.15 | 26,649.95 | 🔼 +154.80 pts (+0.58%) |
🧭 Market Recap – Technical Validation of 24,650 Support
In our Opening Bell analysis, we highlighted 24,650–24,700 as crucial support and projected a 100-point rebound if held on a closing basis. Today’s session confirmed that view, with Nifty staging a sharp reversal and closing above 24,750, validating support strength.
Bank Nifty and Fin Nifty followed suit, while Sensex gained nearly 500 points led by banking and FMCG majors.
🔍 Key Market Drivers
- Post-Fed Relief: Global markets stabilized after US Fed policy held rates steady and hinted at data-dependent future cuts.
- F&O Expiry (July): Strong rollovers into August contracts; Nifty rollover at 79%, Bank Nifty 83%.
- Sector Rotation: Auto and FMCG attracted fresh buying; IT remained subdued post-earnings.
- Stock-Specific Action: Reliance, HDFC Bank, and ITC supported index gains.
🌍 Global Market Snapshot
- US Markets: Dow and Nasdaq higher post-Fed; treasury yields eased slightly.
- European Equities: Positive momentum on better-than-expected earnings.
- Asian Markets: Nikkei and Hang Seng closed firm; Shanghai stable.
- Commodities: Brent crude near $82.30/barrel; gold at $2,395/oz.
- Currency: INR stable around 83.65/USD.
July Month Futures Data – Key Takeaways
- Nifty Futures:
- July expiry closed near 24,770 with heavy short covering in last two sessions.
- Rollover to August at 79% indicates bullish bias.
- Strong put writing seen at 24,500 strike; resistance shifts to 25,000 CE.
- Bank Nifty Futures:
- Closed around 55,960; fresh longs built near 55,800–56,000 zone.
- Rollover at 83% – highest in three months, suggesting strength in PSU + private banks.
- Stock-Specific Rollover Trends (Bullish Bias):
- Jio Finance, ITC, Tata Motors, HDFC Bank – strong long rollovers.
- Infosys, Wipro – mild unwinding; cautious outlook for August.
Key Levels to Watch – August Series
Nifty 50
- Support: 24,650 – 24,550
- Resistance: 25,000 – 25,050 (psychological barrier)
- Bias: Positive above 24,750
Bank Nifty
- Support: 55,700 – 55,400
- Resistance: 56,400 – 56,600
- Bias: Gradual upside if 55,700 holds
Top August Futures Picks (Positional)
- Jio Finance:
- CMP: ₹329
- Target: ₹350–355
- Stop-Loss: ₹315
- Tata Motors:
- CMP: ₹666
- Target: ₹685–690
- Stop-Loss: ₹655
- ITC:
- CMP: ₹412
- Target: ₹445–450
- Stop-Loss: ₹403
CapitalKeeper View
July ended with bulls regaining control, validating support at 24,650. With strong rollovers and positive global cues post-Fed, August series opens with bullish undertone. Focus remains on financials, autos, and FMCG for fresh long opportunities, while IT may lag.
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