Nifty kicks off on a positive note as investors cheer the ongoing bullish momentum, hoping the uptrend on Dalal Street will extend further.
We will too spy with one big eye if the rally has more legs to run.
Nifty (+50, 25095)
Sensex (+122, 81896)
Bank Nifty (+19, 56037)
Nifty (CMP: 25095)
SUPPORT: 24877/24623
RESISTANCE: 25200/25670
TRADING RANGE (25000-25200)
BIAS: Positive
SECTOR GAINER:
NIFTY METAL (+1.68%)
NIFTY PHARMA (+0.97%)
NIFTY OIL & GAS (+0.73%)
SECTOR LOSER:
NIFTY AUTO (-0.31%)
NIFTY MEDIA (-0.11%)
NIFTY PRIVATE BANKS (-0.01%)
STOCKS IN SPOTLIGHT:
1) Eicher Motors (-0.73%) slipped after the company announced that its joint venture, VE Commercial Vehicles (VECV), will invest ₹544 crore to produce and assemble the Volvo Group’s globally acclaimed 12-speed automated manual transmission (AMT).
2) HFCL (+0.87%) gained after the company secured a $34.19 million (≈₹303.35 crore) export order for the supply of optical fiber cables. The order, obtained through HFCL’s wholly owned overseas subsidiary, comes from a reputed international customer.
KEY THEMES FOR THE DAY:
1) The Nifty IT index (+0.37%) continues to stand out — shining bright in an otherwise cautious market.
That’s because the trading theme actually revolved around corporate India Inc which steps into Q2 earning season.
Today, TCS officially sets afire the ceremonial starter’s pistol for India’s Q2 earnings season
…a moment that could set the tone for what may turn out to be a trend-defining quarter for the tech pack.
The Street is anticipating net profit growth of 3.7%–9.6% YoY (₹12,346–₹13,058 crore).
Meanwhile, in a heartfelt gesture, TCS has deferred its Q2 press conference scheduled for October 9th, 2025, observing the death anniversary of the visionary Shri Ratan Tata (1937–2024).
2) The technical landscape has improved considerably with bright chance that the benchmark Nifty may reclaim the psychological important 25200 mark.
Confirmation of strength only if Nifty closes above its biggest hurdles at 25200 mark.
3) RATE-CUT BETS STRENGTHEN: The biggest positive catalyst for Nifty bulls continues to be the growing conviction in rate cuts from:
- The Reserve Bank of India (RBI)
- The U.S. Federal Reserve (Fed)
Bottom-line: Buy on dips is in works for Nifty and its stocks.
Top Index Gainers:
TATA STEEL (+3%)
HCL TECH (+1.82%)
LARSEN (+1.61%)
JSW STEEL (+1.58%)
DR REDDYS LAB (+1.58%)
Top Index Losers:
TATA MOTORS (-1.55%)
AXIS BANK (-0.94%)
MARUTI (-0.86%)
TITAN (-0.79%)
BAJAJ AUTO (-0.71%)
11:00 AM GLOBAL UPDATE:
Dow Futures: (+19, 46621)
Nasdaq 100 Futures (+20, 25155)
Nikkei (+728, 48463)
Hang Seng (+80, 26909)
Dollar Index (+0.33%, 98.90)
WTI OIL (-0.73%, 62.09)
Gold (-19, 4024)
Securities in Ban for Trade Date: Thursday, October 9th 2025*
RBL BANK
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