Nifty ends in green for 3 days in a row and also for 3 weeks in row!
NIFTY (+125, 25710)
Sensex (+485, 83952)
Bank Nifty (+291, 57713)
String of gains continued for 3rd straight session amidst extreme bullishness witnessed at Dalal Street ahead of festive season.
The key positive catalyst continues to be IMF upgrading India’s GDP Growth forecast for FY 26 by 20 basis points to 6.6%.
Adv-Dec 28—22
INDIA VIX 11.62 (+6.90%)
NIFTY PCR (20th OCT) 1.21
NIFTY PCR (28th OCT) 1.06
USD/INR Futures (OCT) (+0.15%, 87.07)
SECTOR GAINERS:
NIFTY FMCG (+1.37%)
NIFTY HEALTHCARE (+0.76%)
NIFTY CONSUMER DURABLES (+0.69%)
SECTORS LOSERS
NIFTY IT (-1.63%)
NIFTY MEDIA (-1.56%)
NIFTY METAL (-0.85%)
TODAY’S MARKET RE-CAP:
1) Nifty (+0.49%) hit an intraday high at 25782 mark before trimming its gains.
Nifty its also way above its 21 DMA (25114), 50 DMA (24930) and its 100 DMA (24986)
2) Bank Nifty too echoed Nifty’s gains, up 0.51% for the day.
3) The market breadth (28:22) was in favour of the bulls.
4) Broader markets on the other hand, witnessed profit-booking where Nifty Mid-cap 50 (-0.58%) and Nifty Small-cap (-0.05%) totally underperformed the benchmarks.
STOCKS IN SPOTLIGHT:
1) JSW Steel reported a nearly four-fold rise in second-quarter profit on Friday, as a surge in sales volumes overpowered the impact of lower prices.
2) Vedanta group firm Hindustan Zinc Ltd on Friday reported a 13.8 per cent increase in consolidated net profit at Rs 2,649 crore for quarter ended September 30, 2025. The company had posted consolidated net profit of Rs 2,327 crore in the year-ago period.
3) Eternal, formerly known as Zomato, stock has cracked 9.4 per cent in the last two trading sessions after the company reported a sharp drop in Q2 net profit. The stock from a high of ₹368.45 yesterday, fell to an intra-day low of ₹333.75 on Friday.
BULLS OF THE DAY:
ASIANPAINTS (+4.07%)
M&M (+2.67%)
BHARTIARTL (+2.31%)
MAXHEALTH (+2.19%)
HUL (+1.64%)
BEARS OF THE DAY:
WIPRO (-5.17%)
INFY (-2.08%)
ETERAL (-1.47%)
TATASTEEL (-1.44%)
HCLTECH (-1.20%)
OUR VIEW FOR MONDAY’S TRADE
Next week is going to be a Diwali Week where our stock markets will remain closed for 2 days, except for Mahurat Trading Session on Tuesday, where our stock markets will remain Open for 1 hour in the afternoon.
Technically, we suspect Nifty will now aim its all-time high at 26277.35 mark.
Bottom-line: Festive season optimism likely to help benchmarks acquire more heights.
ALL ABOUT NIFTY:
Nifty (CMP: 25710)
Support: 25599/25351
Resistance: 26000/26277
Range: 25610-25834
21 DMA: 25114
50 DMA: 24930
200 DMA: 24230
Trend: Positive
BULLISH LOOKING STOCKS:
BHARTIARTL
ICICIBANK
IDFCFIRSTB
BULLISH LOOKING STOCKS (LONG TERM):
BEL
L&T
CHOLAFIN
BEARISH LOOKING STOCKS:
POLICYBZR
ADANIGREEN
KEI
STOCKS TO AVOID:
IEX
CDSL
360ONE
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