Nifty starts on the front foot, reclaims 26000 mark, aims to recapture its all-time-high at 2677.35 mark
Bank Nifty accelerates and scales new its all-time high @58555.15.
Nifty (+201, 26069)
Sensex (+709, 85135)
Bank Nifty (+459, 58466)
Nifty (CMP: 26069)
SUPPORT: 25961/25701
RESISTANCE: 26277/26707
TRADING RANGE (25950-26150)
BIAS: Positive
SECTOR GAINER:
NIFTY IT (+3.07%)
NIFTY FMCG (+1.11%)
NIFTY PRIVATE BANKS (+1.07%)
SECTOR LOSER:
NIFTY OIL & GAS (-0.42%)
NIFTY PSE (-0.01%)
STOCKS IN SPOTLIGHT:
1) The Nifty IT index surged 2.65% to 36,234.15, marking a strong 3.67% rally over three straight sessions.
Top gainers included Infosys (+3.91%), HCL Technologies (+2.85%), Mphasis (+2.57%), Tech Mahindra (+2.3%), and Persistent Systems (+1.9%).
Other notable movers were Coforge (+1.73%), Wipro (+1.60%), TCS (+1.31%), LTIMindtree (+1.28%), and Oracle Financial Services Software (+0.04%), all contributing to the sector’s upbeat momentum.
KEY THEMES FOR THE DAY:
The 6-Biggest-Positive Catalyst:
1) India-US trade deal optimism.
2) FII Inflows Turnaround…
3) A strong start to India’s Q2 corporate earnings season.
4) Easing US–China trade tensions, with Presidents Donald Trump and Xi Jinping set to meet next week to address tariff disputes and prevent further escalation.
5) Markets are pricing in two additional Fed rate cuts by year-end.
6) The IMF’s upward revision of India’s FY26 GDP growth forecast by 20 bps to 6.6% adds to the positive backdrop.
Q2 Indian corporate earnings to trickle in this week:
The earnings calendar promises to be eventful. Key Earnings on radar this week:
Thursday, October 23 – HUL, COLPAL, LARUS LAB
Friday, October 24 – SBI LIFE, DR REDDYS LAB, SBI CARD, COFORGE,
Saturday, October 25 – KOTAK MAHINDRA BANK
Top Index Gainers:
INFY (+4.54%)
HCL TECH (+3.36%)
TCS (+2.73%)
SHRIRAM FINANCE (+2.6%)
AXIS BANK (+2.51%)
Top Index Losers:
DR REDDYS LAB (-0.92%)
ETERNAL (-0.78%)
INDIGO (-0.68%)
CIPLA (-0.66%)
EICHER MOTORS (-0.48%)
# 10:45 AM GLOBAL UPDATE:
Dow Futures: (-5, 46586)
Nasdaq 100 Futures (+90, 24969)
Nikkei (-607, 48701)
Hang Seng (+1, 25783)
Dollar Index (+0.02%, 98.46)
WTI OIL (+3%, 60.26)
Gold (-6, 4095)
Securities in Ban for Trade Date: Thursday, October 23rd 2025*
SAMMAANCAP
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