Nifty Holds 25,000 Amidst Volatility; Budget Hurdles Ahead

• Nifty experienced a 300-point swing, closing 126 points higher at 25,175 after a sharp rebound from intraday lows.
• Adani Enterprise, Axis Bank, and JSW Steel led gains, while M&M, Asian Paints, and Kotak Bank were top laggards.
• Nifty Metal, PSU Banks, and IT sectors performed well; Media, Auto, and FMCG underperformed.
• Rupee strengthened by 22 paise to 91.92 against the US dollar, supported by a softer dollar index and India-EU FTA optimism.
• Experts suggest Nifty needs to break above 25,400-25,500 for a sustained upside, with 24,900 as crucial support.

Why It Matters: Nifty showed resilience holding 25,000, but faces significant resistance ahead of the Union Budget.