GIFT Nifty 🇮🇳: (+71, 26031)
In yesterday’s session, Nifty couldn’t sustain early gains, with both Nifty and Sensex ending nearly flat by the close.
The silver lining — both benchmarks extended their winning run to six consecutive sessions, reflecting underlying market resilience.
Key Earnings on radar:
Friday, October 24 – SBI LIFE, DR REDDYS LAB, SBI CARD, COFORGE.
Saturday, October 25 – KOTAK MAHINDRA BANK
A choppy, range-bound, up-and-down session appears quite likely, though bullish undertones persist — with traders keeping a sharp focus on Nifty’s all-time high of 26,277.35, a level that may well be tested sooner rather than later.
The Positive Catalyst: Hopes of US Tariff cuts on Indian imports to 15–16%.
Meanwhile, keeping upside capped will be the 3-Negative Catalysts:
1) Oil prices spiked to $61.50 a barrel after President Trump imposed sanctions on Russia’s top oil majors, Rosneft and Lukoil.
2) Trade tensions resurfaced, following reports that the White House is considering restrictions on U.S. software exports to China.
3) In yesterday’s volatile session, FIIs turned out to be net sellers to the tune of Rupees 1166 Crores.
STOCKS IN SPOTLIGHT
1) Infosys (+3.57%) jumped after promoters and promoter group, including Nandan M Nilekani and Sudha Murty, decided not to participate in the company’s Rs 18,000 crore share buyback.
2) Hindustan Unilever (HUL) (+0.36%) consolidated after the company’s consolidated net profit increased 3.81% to Rs 2,694 crore on 1.50% jump in total income to Rs 16,388 crore in Q2 FY26 over Q2 FY25.
3) Vardhman Textiles (+7.14%) gained as optimism grew that India and the US may soon strike a trade deal, potentially easing tariff barriers on Indian exports. Meanwhile, Vardhman Textiles reported 4.8% fall in consolidated net profit to Rs 187.03 crore on a 0.9% fall in revenue to Rs 2,480.10 crore in Q2 FY26 over Q2 FY26.
4) Epack Prefab Technologies (+14.07%) gained after the company’s consolidated net profit surged 104.2% to Rs 29.47 crore on 61.9% increase in net sales to Rs 433.94 crore in Q2 FY26 over Q2 FY25.
5) Bharat Electronics (BEL) rose 0.23% after the company has announced that it has secured order valued at Rs 633 crore from Cochin Shipyard.
Now, here is the preferred trade on Nifty and Bank Nifty:
Nifty (25891): Buy at CMP. Stop at 25501. Targets 26277/26500. Aggressive targets at 27000-27500 zone.
Bank Nifty (58078): Buy at CMP. Stop at 56770. Targets 58350/58750. Aggressive targets at 59100-59500 zone.
Our chart of the day is bullish on BEL, SUN PHARMA, LAURUS LAB, GRASIM, and HDFC BANK on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy BEL (CMP 419): Buy at CMP. Stop at 395. Targets 425/437. Aggressive targets at 451. (Interweek Strategy). Rationale: Technically, the stock is signaling a massive break out on the upside . Major hurdles only at 425. Key interweek support 397. Above 425, major hurdles only at 451 mark. 200-DMA at 344.
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.