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🎇 Bulls Light Up Dalal Street Ahead of Diwali!
The festive spirit has truly arrived at Dalal Street — and the bulls didn’t come empty-handed!
As investors geared up for Diwali, markets sparkled bright with the Nifty closing higher, led by strong gains in Reliance Industries Limited (RIL).
Optimism was high, and sentiment remained upbeat across the board.
| Index | Close | Change |
|---|---|---|
| NIFTY | 25,843 | ▲ +133 |
| SENSEX | 84,363 | ▲ +411 |
| BANK NIFTY | 56,192 | ▲ +174 |
🌟 Market Highlights (By Riddhi Siddhi Share Brokers)
- Advance–Decline Ratio: 33:17 ✅
- India VIX: 11.35 (▼ -2.41%)
- NIFTY PCR (28 OCT): 1.03
- USD/INR Futures (OCT): 87.95 (▼ -0.14%)
🔼 Sectoral Gainers
🏦 PSU Banks (+2.87%)
⛽ Oil & Gas (+1.42%)
💻 IT (+0.98%)
🔽 Sectoral Losers
🚗 Auto (-0.16%)
⚙️ Metal (-0.07%)
🍫 FMCG (-0.03%)
🧭 Market Recap — Riddhi Siddhi Insights
- Nifty (+0.52%) opened firm and gained steadily, closing well above all key moving averages.
- 21 DMA: 25,134 | 50 DMA: 24,955 | 100 DMA: 24,997 | 200 DMA: 24,241
- Bank Nifty (+0.55%) soared to a new lifetime high of 58,261.55.
- Market Breadth: Strongly bullish with an Advance–Decline ratio of 33:17.
- Midcap (+0.92%) and Smallcap (+0.53%) indices continued their upward momentum.
- Technical Outlook: Nifty’s next major resistance lies near its all-time high of 26,277.35.
🚀 5 Positive Catalysts Fueling the Market Rally (Riddhi Siddhi View)
- ✅ Strong Q2 corporate earnings momentum.
- 🌏 Cooling trade tensions between the US & China after President Trump’s dovish tone.
- 🏦 Optimism from the US Fed’s supportive outlook on interest rates.
- 📊 Wall Street’s strong closes boosting global sentiment.
- 📈 IMF upgrades India’s GDP growth forecast to 6.6% — reinforcing confidence in the India growth story.
💬 Bottom Line:
“This Diwali, let your portfolio sparkle with conviction and your wealth compound with grace.”
— Riddhi Siddhi Share Brokers 🌟
🔥 Stocks in Spotlight
| Stock | Change | Key Highlights |
|---|---|---|
| 🏦 HDFC Bank | ▲ 0.10% | Q2 Net Profit ₹18,640 crore (▲10.8% YoY); strong deposit growth. |
| 🛰 Avantel Ltd. | ▼ 8.71% | PAT down 81% YoY to ₹4.26 crore; margins under pressure. |
| 🏭 Reliance Industries Ltd. | ▲ 3.61% | Net profit ₹18,165 crore (▲9.5% YoY); energy & consumer businesses shine. |
| 🏗 IRCON International | ▲ 0.81% | ₹360 crore order from Petronet LNG boosts order book. |
| 📊 CRISIL Ltd. | ▲ 4.3% | Net profit up 12.6% YoY to ₹193.1 crore on steady growth. |
🐂 Top Bulls of the Day
- Cipla ▲ 4.15%
- Reliance Industries Ltd. ▲ 3.61%
- Bajaj Finserv ▲ 2.79%
- Shriram Finance ▲ 2.46%
- Dr. Reddy’s Laboratories ▲ 2.32%
🐻 Top Bears of the Day
- ICICI Bank ▼ 3.03%
- Mahindra & Mahindra ▼ 1.38%
- JSW Steel ▼ 1.32%
- Eternal ▼ 1.23%
- Adani Ports & SEZ ▼ 0.98%
📅 Market Holiday Update
- Markets will remain CLOSED on 21st & 22nd October 2025,
except for the Mahurat Trading Session on October 21st (1-hour in the afternoon).
📌 Riddhi Siddhi Share Brokers Outlook:
- Nifty likely to aim for 26,277.35 (all-time high) in the short term.
- Festive optimism and strong institutional flows expected to keep sentiment positive.
📊 NIFTY Technical Snapshot
| Level | Value |
|---|---|
| CMP | 25,843 |
| Support | 25,675 / 25,501 |
| Resistance | 26,000 / 26,277 |
| Range | 25,722 – 26,000 |
| 21 DMA | 25,134 |
| 50 DMA | 24,955 |
| 200 DMA | 24,241 |
| Trend | ✅ Positive |
💹 Riddhi Siddhi Recommendations
🟢 Bullish Stocks (Short-Term)
- Canara Bank (CANBK)
- IDFC First Bank (IDFCFIRSTB)
- Punjab National Bank (PNB)
🟢 Bullish Stocks (Long-Term)
- Bharat Electronics Limited (BEL)
- Larsen & Toubro (L&T)
- Federal Bank
🔴 Bearish Stocks
- Dalmia Bharat (DALBHARAT)
- Dixon Technologies (DIXON)
- Oracle Financial Services Software (OFSS)
⚠️ Stocks to Avoid (For Now)
- Indian Energy Exchange (IEX)
- Central Depository Services (CDSL)
- 360 ONE WAM (360ONE)
📢 Disclaimer
Investments and trading in securities markets are subject to market risks. The information provided herein is for educational, informational, and learning purposes only. It does not constitute investment advice. We recommend consulting a registered financial advisor before making investment decisions. Riddhi Siddhi Share Brokers, its employees, or associates accept no liability for any losses arising out of the use of this information..