Today’s share market’s key developments include: Hitachi Energy to invest Rs.2,000 crore in Tamil Nadu creating 3,000 jobs; Infosys narrows FY26 growth outlook to 2–3%; HG Infra Engineering secures project completion nod; FIIs buy Rs.997 crore and DIIs Rs.4,076 crore in equities yesterday.
11:40 AM IST
Stock Market LIVE Update | Sensex gains 600 points | Nifty trades above 25,750
The Sensex surged over 600 points, while the Nifty climbed above 25,750 in today’s session. Ola Electric shares advanced nearly 5% to Rs.57.80 on the NSE after unveiling its new energy storage product, Ola Shakti, marking a 15% gain in three sessions. Among other movers, Adani Power rose 5.86%, while Wipro slipped 4.48%. Meanwhile, strong festive demand lifted gold premiums in India to their highest level in over a decade, with domestic prices reaching Rs.131,699 per 10 grams.
10:50 AM IST
Stock Market LIVE Update | Sensex rises over 400 points | Nifty holds above 25,650
Indian markets opened on a positive note, with the Sensex climbing over 400 points and Nifty crossing 25,650. Adani Power gained nearly 4% after progress on its Godda plant grid connection project. Nifty Bank touched a new all-time high at 57,651, led by Axis Bank and ICICI Bank. Waaree Energies edged higher despite a previous dip as its Q2 profit doubled to Rs.842 crore. Eternal shares slipped over 4% after a 63% fall in quarterly profit.
9:50 AM IST
Stock Market LIVE Update | Sensex gains over 100 points | Nifty trades above 25,600
Benchmark indices opened higher on Friday, with the Sensex rising over 100 points and the Nifty trading above 25,600. Zee Entertainment shares fell 3.3% to Rs.105.65 after Q2 profit dropped 63% year-on-year, prompting a target cut by Nuvama. Infosys shares declined 1.7% despite a 13% rise in Q2 profit to Rs.7,364 crore. Wipro slid 4.4% to Rs.242.65 after reporting a modest 1.2% profit increase that missed market expectations.
9:20 AM IST
Stock Market LIVE Update | Sensex falls over 150 points | Nifty below 25,550
The Sensex slipped over 150 points while the Nifty fell below 25,550 amid cautious trading. S&P Global Ratings expects India to remain resilient to global trade shocks and punitive tariffs, forecasting 6.5% growth this year and about 7% over the next two years. Meanwhile, India’s food and beverage sector is preparing for Rs.9,000 crore worth of IPOs, and the dollar weakened this week as trade concerns and possible US rate cuts weighed on sentiment.
Source: Bajaj Broking Research Desk.
GIFT NIFTY: Gift Nifty suggests a flat opening for the Indian market. Nifty spot in today's session likely to trade in the range of 25,350-25,800.
INDIA VIX: 10.86 | +0.34 (3.18%) ↑ today
Treasury Yield:
The U.S. 10-year yield fell 6.9 bps to 3.98%, while the 2-year yield dropped 8 bps to 3.43%, hitting its lowest level since September 2022.
Currency:
The dollar index, set for its biggest weekly drop in three months, was little changed at 98.23.
Commodities:
Gold and silver touched all-time highs as fears about credit quality in the US economy and heightened US-China frictions strengthened demand. Spot gold rises 0.9% to $4,366.29/oz.
WTI crude oil futures are 0.1% lower at $57.38/bbl, whereas Brent crude oil futures are 0.1% lower at $60.98/bbl.
General Trends:
Asia-Pacific markets opened weaker on Friday, tracking losses on Wall Street as fears over the banking sector and trade tensions intensified.
Sector-Specific Indicator:
Japan's Nikkei 225 lost 1% in early trade, while the broad-based Topix fell 0.83%.
South Korea's Kospi dipped 0.47%, but the small-cap Kosdaq bucked the trend and climbed 0.15%.
Australia's S&P/ASX 200 started the day down 0.6%.
Hong Kong's Hang Seng Index futures were at 25,862, lower than the HSI's last close of 25,888.51.
Market in the Previous Session:
Benchmark indices extended their strong rebound on October 16, driven by positive global cues and renewed optimism surrounding the ongoing India–US trade negotiations. Sentiment was further boosted by signs of fresh FII inflows and dovish commentary from the U.S. Federal Reserve.
The Sensex surged 862.23 points, or 1.04%, to close at 83,467.66, while the Nifty 50 climbed 261.75 points, or 1.03%, to settle at 25,585.30.
All major sectors contributed to the rally, with notable strength in FMCG, Realty, Private Banks, and Auto stocks, while PSU banks showed relatively muted performance.
Broader markets also ended higher but trailed the benchmarks, as the Nifty Midcap 100 gained 0.46% and the Nifty Small-cap 100 edged up 0.24%.
Nifty Short-Term Outlook:
The index formed a strong bullish candle with a higher high and higher low, showing that positive momentum remains intact.
On Thursday, the Nifty broke above a downward trendline connecting the major highs of September 2024 and June 2025, confirming strength and a continuation of the uptrend. On shorter timeframes, it also broke out of a three-month symmetrical triangle pattern, adding to the bullish outlook. Any pullback from here is likely to offer buying opportunities.
We expect the index to maintain its upward move toward the June 2025 high near 25,670. A breakout above this level could push it further toward 25,800 in the near term.
The breakout zone between 25,350 and 25,450 from Thursday’s session is likely to act as key support in the coming sessions.
Intraday Levels:
Nifty: Intraday resistance is at 25,670, followed by 25,790 levels. Conversely, downside support is located at 25,450, followed by 25,360.
Bank Nifty: Intraday resistance is positioned at 57,690, followed by 57,900, while downside support is found at 57,150, followed by 56,900.
Nifty:
Major Call Open Interest (OI) is observed at the 26,000 strike, followed by 25,800, which will act as the immediate resistance zone.
On the other hand, Put writing has been noted across 25,300 to 25,500 levels, indicating that support is gradually shifting higher.
Notably, Call unwinding at 25,500 along with fresh Put writing at the same strike reflects a positive undertone and hints at strengthening bullish sentiment.
Based on the option chain setup, the deciding range for Nifty lies between 25,400–25,500 on the downside and 25,800 on the upside.
The Put–Call Ratio (PCR) has improved by 0.17 points to 1.38, reinforcing the positive sentiment in the market.
Bank Nifty:
In Bank Nifty, the highest Call as well as Put OI is concentrated at the 57,000 strike, making it the key deciding level for the index.
The Put writers have shifted their positions to higher strikes, reflecting a positive bias and increased conviction for a continued up move.
At the same time, Call writers have partially unwound their positions at both the 57,000 and 58,500 strikes, suggesting a cautious stance on further upside movement. The immediate resistance for Bank Nifty is placed at 58,000.
Overall, the deciding range for Bank Nifty is seen between 57,000 and 58,000 levels.
The PCR has inched higher by 0.08 points to 1.18, indicating a supportive undertone for the bulls.
Performance Overview:
The three major U.S. stock indices closed lower on Thursday, weighed down by weakness in financials and regional banks, as ongoing U.S.-China trade tensions continued to unsettle investor sentiment.
Sector-specific indicator:
Overnight in the U.S., the Dow Jones Industrial Average dropped 301.07 points, or 0.7%, to close at 45,952.24. The S&P 500 slipped 0.6% to end at 6,629.07, while the Nasdaq Composite declined 0.5% to 22,562.54.
Economic indicator:
Shares of regional banks and investment bank Jefferies tumbled on Thursday as fears mounted around some bad loans lurking in the U.S.
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