Markets opened on a positive note on Tuesday, with the Nifty 50 trading at 24,453.80, up 23.45 points or 0.10 per cent, after closing at 24,430.35 on Monday. The Sensex opened at 78,461.16 against its previous close of 78,285.07 and was trading at 78,345.45, a gain of 60.38 points or 0.08 per cent, as of 9.25 AM.Monday’s session saw the Nifty advance 159 points or 0.66 per cent to close at 24,430, while the Sensex gained 521 points, marking a fourth consecutive session of gains. The rally was broad-based, led by banking, auto, realty and metal stocks, even as IT shares remained under pressure.Among sectoral indices on Monday, the Realty index was the top performer, rising over 1.75 per cent, while the Media index was the biggest laggard, declining nearly 1 per cent.Foreign Institutional Investors have turned net buyers over the past two sessions, a development analysts say marks a meaningful shift. “The FPI buying is not yet a strong trend, but the fact that they have stopped selling and turned buyers is a significant shift, which is likely to sustain supported by fundamentals,” said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments.Domestic Institutional Investors have also maintained steady buying, reinforcing positive market sentiment. Crude oil prices are consolidating in the $68–69 per barrel range, well below the $72 level, after OPEC+ approved an additional 188,000 barrels per day production increase for August — a positive for India’s inflation outlook.However, the Indian rupee remains under pressure, weakening to a three-week low near the 94.50 mark against the U.S. dollar, reflecting continued demand for the greenback.Global cues were broadly supportive overnight. The Dow Jones Industrial Average crossed 53,000 for the first time, closing at 53,056, while the S&P 500 gained 0.72 per cent and the Nasdaq rose 1.12 per cent, led by semiconductor stocks. However, Asian markets showed mixed trends Tuesday morning, with South Korea’s Kospi declining more than 4 per cent and Japan’s Nikkei slipping below the 70,000 mark amid profit-booking in technology shares and Gulf shipping concerns. GIFT Nifty was trading around 24,570–24,580, indicating a mildly positive open.“The auto retail sales numbers in June coming at an impressive 22 per cent indicates that the growth momentum in the economy is intact,” said Vijayakumar. “The sharp decline in crude will keep inflation in check, which, in turn, will enable the RBI to continue with the low interest regime.”Among Nifty 50 gainers, Infosys led with a 1.83 per cent rise to ₹1,061.30, followed by Shriram Finance, up 1.69 per cent at ₹1,080.20. SBI Life Insurance gained 1.52 per cent to ₹1,814.80, Titan rose 1.50 per cent to ₹4,551.70, and Max Healthcare added 1.24 per cent at ₹1,146.50.On the losing side, Trent was the sharpest decliner, falling 8.80 per cent to ₹3,049.70, against its previous close of ₹3,343.80. BEL slipped 0.99 per cent to ₹421.35, IndiGo declined 0.87 per cent to ₹5,361.50, Hindalco fell 0.76 per cent to ₹972.90, and Larsen & Toubro shed 0.73 per cent to ₹4,011.70.Analysts say the 24,500 mark remains the immediate resistance for Nifty, with a breakout potentially opening the path to 24,600–24,750. “A decisive breakout above 24,500 opens the path towards the 24,650–24,750 zone in the near term,” said Rajesh Palviya, Head of Research, Axis Direct.On the downside, 24,350 and 24,200 are key support levels. “As long as the market trades above 24,350, the positive bias is likely to continue,” said Shrikant Chouhan, Head Equity Research at Kotak Securities, adding that a slip below that level could drag Nifty toward 24,200–24,250. For Bank Nifty, 58,000 remains the critical support, with resistance at 58,400–58,500.Published on July 7, 2026