Nifty finally reclaims the much coveted 25500 ahead of Diwali week!
NIFTY (+262, 25585)
Sensex (+813, 83419)
Bank Nifty (+623, 57423)
Nifty bulls cheered IMF upgrading India’s GDP Growth forecast by 20 basis points to 6.6% for FY-26.
All sectoral indices, barring PSU Banks, ended in green led by robust buying in FMCG space, where Nifty FMCG Index was up 2.02%.
USD/INR October Futures tumble to 87.89!
Long story short: Breakout play likely to continue on back of
- Rate cut hopes by Fed and RBI.
- Positive global cues.
- Consumer spending amidst lower GST rates ahead of festive season.
- IMF increasing India’s GDP Growth forecast by 20 bps to 6.6% for FY-26.
Adv-Dec 45—05
INDIA VIX 10.86 (+3.13%)
NIFTY PCR (20th OCT) 1.54
NIFTY PCR (28th OCT) 1.08
USD/INR Futures (OCT) (-0.25%, 87.89)
SECTOR GAINERS:
NIFTY FMCG (+2.02%)
NIFTY REALTY (+1.90%)
NIFTY CONSUMER DURABLES (+1.53%)
SECTORS LOSERS
NIFTY PSUBANKS (-0.44%)
TODAY’S MARKET RE-CAP:
1) Nifty (+1.03%) staged a momentum play in Thursday’s session as it remained in green right from the word ‘go’ in early action.
Nifty its also way above its 21 DMA (25096), 50 DMA (24909) and its 100 DMA (24977)
2) Bank Nifty too echoed Nifty’s gains, up 1.10% for the day.
3) The market breadth (45:05) was in favour of the bulls.
4) Broader markets too joined the rally where Nifty Mid-cap 50 (+0.53%) and Nifty Small-cap (+0.24%) totally outperformed the benchmarks.
STOCKS IN SPOTLIGHT:
1) Shares of One 97 Communications, the parent company of Paytm, hit a 52-week high of ₹1,305, gaining 2 per cent on the BSE in Thursday’s intra-day trade amid heavy volumes. The stock price of the fintech company surpassed its previous high of ₹1,296.70 touched on September 4, 2025.
2) Shares of Ola Electric Mobility (Ola Electric), India’s largest electric vehicle company, were buzzing in trade on Thursday, October 16, 2025, with the stock rising up to 5% hitting its upper price band of ₹55.20 per share.
3) Nestlé SA plans to cut 16,000 jobs as new Chief Executive Officer Philipp Navratil seeks to accelerate a turnaround at the Swiss foodmaker.
BULLS OF THE DAY:
NESTLEIND (+4.76%)
TATACONSUM (+3.10%)
TITAN (+2.45%)
AXISBANK (+2.25%)
KOTAKBANK (+2.11%)
BEARS OF THE DAY:
ETERNAL (-3.91%)
HDFCLIFE (-2.38%)
SHRIRAMFIN (-0.54%)
INFY (-0.24%)
JIOFIN (-0.18%)
OUR VIEW FOR FRIDAY’S TRADE
Technically, the next goalpost seen at 25670 mark, high as on June 30th 2025.
The benchmarks will look to end yet another week on a positive note.
Bottom-line: Festive season optimism likely to help benchmarks acquire more heights.
ALL ABOUT NIFTY:
Nifty (CMP: 25585)
Support: 25401/25225
Resistance: 25670/26000
Range: 25465-25670
21 DMA: 25096
50 DMA: 24909
200 DMA: 24220
Trend: Positive
BULLISH LOOKING STOCKS:
BEL
RBLBANK
RELIANCE
BULLISH LOOKING STOCKS (LONG TERM):
HBL ENGINEERING
L&T
CHOLAFIN
BEARISH LOOKING STOCKS:
KEI
MFSL
CUMMINSIND
STOCKS TO AVOID:
AMBUJACEM
HDFCAMC
IEX
Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.