Today’s share market’s key developments include: Keystone Realtors sets ₹550 floor price for OFS; Kolte Patil’s Q2 sales touch ₹670 crore; Sula Vineyards reports stable revenue; Cyient DLM records 130% order intake growth; FIIs net sell ₹1,508 crore while DIIs net buy ₹3,661 crore.
10:20 AM IST
Stock Market LIVE Update | Sensex jumps over 400 points | Nifty climbs past 25,250
Indian markets opened higher on Wednesday, with the Sensex surging over 400 points and the Nifty crossing 25,250. Government bonds gained ahead of the RBI policy minutes, though the 10-year yield stayed near 6.50%. Ola Electric rose 3% on expansion reports, while Hyundai Motor India named Tarun Garg as its next MD and CEO. Bank of Maharashtra advanced 4% after Q2 profit rose 23%, while Tech Mahindra and Cyient DLM slipped following weaker quarterly results.
9:20 AM IST
Stock Market LIVE Update | Sensex rises over 300 points | Nifty above 25,200
Sensex surged over 300 points while Nifty crossed the 25,200 mark, supported by a stronger rupee that recovered 56 paise to 88.25 against the US dollar. Top gainers included Thyrocare Technologies, Persistent Systems, and ICICI Lombard, while Tata Investment Corporation and Kajaria Ceramics declined. Meanwhile, inflation dropped to an eight-year low of 1.54%, raising the possibility of an RBI rate cut. ICICI Prudential plans to raise ₹1,200 crore, and Bharti Telecom secured ₹10,500 crore via twin bond issues.
Source: Bajaj Broking Research Desk.
GIFT NIFTY: Gift Nifty suggests a positive opening for the Indian market. Nifty spot in today's session is likely to extend the previous session consolidation in the range of 25,050-25,450.
INDIA VIX: 11.16 | +0.15 (1.34%) ↑ today
Treasury Yield:
The yield on the benchmark U.S. 10-year Treasury note declined by 2.1 basis points to 4.03%. whereas the two-year U.S. Treasury yield, which typically moves in step with interest rate expectations for the Fed, fell 3.9 basis points to 3.483%
Currency:
The dollar index was flat trading slightly below 99.
Commodities:
Spot Gold Rises to Fresh Record High, trading at 4185$/oz.
Brent crude futures slipped 12 cents, or 0.19%, to $62.27 a barrel, while U.S. West Texas Intermediate (WTI) futures eased 10 cents, or 0.17%, to $58.60.
General Trends:
Asia-Pacific markets opened higher on Wednesday, breaking ranks with Wall Street's declines after the U.S. and China exchanged blows in a renewed trade feud.
Sector-Specific Indicator:
Japan's benchmark Nikkei 225 index rose 0.3%, while the Topix added 0.75%. South Korea's Kospi jumped 0.8%, while the small-cap Kosdaq added 0.83%.
Australia's ASX/S&P 200 was up 0.93%.
Hong Kong's Hang Seng Index was set to open higher, with its futures contract trading at 25,763, against the index's previous close of 25,441.35.
Investors will be keeping an eye on China's inflation data for September, which will come out later in the morning.
Market in the Previous Session:
Indian equity benchmarks extended their decline on October 14, with the Nifty slipping below the 25,200 mark amid selling across sectors and continued profit booking.
Market sentiment stayed weak due to ongoing US-China trade tensions and cautious global cues. Volatility may continue in the near term, but the overall trend remains positive for the medium term, supported by expectations of stronger demand in the second half of FY26.
At the close, the Sensex fell 297.07 points or 0.36 percent to 82,029.98, while the Nifty lost 81.85 points or 0.32 percent to end at 25,145.50.
All major sectoral indices ended in the red, with pharma, consumer durables, metals, media, and PSU banks declining between 1% and 1.5%.
The midcap index dropped 0.75 percent, and the small-cap index fell 0.89 percent, indicating broader market weakness.
Nifty Short-Term Outlook:
The index formed a bearish engulfing candle, indicating profit booking near last week’s high of 25,330. Stock-specific activity remains in focus as Q2FY26 earnings season continues.
After gaining about 700 points in the last two weeks, the Nifty is now consolidating. We expect it to trade in a range of 25,000–25,330 in the coming sessions. We believe the current breather should be used to accumulate quality stocks.
Immediate support lies around 25,000–25,100, which coincides with the previous swing low and the 20-day and 50-day EMAs. A break below 25,000 could extend the decline towards 24,800–24,700 — the lower end of the three-month triangular consolidation pattern.
On the upside, a move above 25,330 would confirm a breakout and could push the index towards 25,450.
Intraday Levels:
Nifty: Intraday resistance is at 25,240, followed by 25,330 levels. Conversely, downside support is located at 25,060, followed by 25,000.
Bank Nifty: Intraday resistance is positioned at 56,770, followed by 57,000, while downside support is found at 56,230, followed by 56,000.
Nifty:
It is noteworthy that the highest Call OI stands at 26,000, while the highest Put OI is concentrated at 24,000, defining a broad trading range for the index.
At the near end, immediate Call writing is observed at the 25,200 and 25,500 strikes — indicating strong resistance zones. A decisive move above 25,200 could trigger short covering and open the next leg of upside momentum.
On the contrary, Put writing at the 25,000 strike signals immediate support, though lower participation from writers reflects a cautious tone for the coming sessions.
The overall option setup suggests that a range breakout above 25,200 or below 25,000 will likely dictate the next directional move.
The Put–Call Ratio (PCR) for Nifty has declined by 0.14 points to 0.91.
Bank Nifty:
Accumulation of both Call and Put OI at the 57,000 strike indicates a straddle formation, reflecting market indecision near this level.
Fresh call writing and put unwinding across multiple strikes highlight a cautious stance among traders.
On the downside, immediate put writing is seen at 56,000, marking it as a key support level — a breach below this could extend the corrective move further.
The broader range for Bank Nifty is expected to remain between 56,000 and 57,000 levels in the near term.
The Put–Call Ratio (PCR) for Bank Nifty has eased by 0.13 points to 1.00.
Performance Overview:
Wall Street ended mixed on Tuesday as investors digested mostly positive quarterly results from big U.S. banks, comments from Federal Reserve Chair Jerome Powell and an ongoing U.S.-China trade war.
Sector-specific indicator:
U.S. President Donald Trump on Tuesday criticised China for not buying soybeans, calling it an unfriendly economic move, and warned of possible retaliation, such as a ban on cooking oil imports.
The S&P 500 slipped 0.16% to close at 6,644.31, while the Nasdaq fell 0.76% to 22,521.70. In contrast, the Dow Jones Industrial Average edged up 0.44% to settle at 46,270.46.
Economic indicator:
Federal Reserve Chair Jerome Powell on Tuesday suggested the central bank is nearing a point where it will stop reducing the size of its bond holdings, and provided a few hints that more interest rate cuts are in the cards.
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