By Riddhi Siddhi Share Brokers
As Diwali lights shimmer across India, Dalal Street is glowing even brighter! 💥 The bulls have taken charge — igniting a festive rally filled with optimism, profits, and positive cues.
💹 Market Overview — Diwali Brings Cheer for Investors
| Index | Close | Change |
|---|---|---|
| NIFTY 50 | 25,843 | 🔼 +133 |
| SENSEX | 84,363 | 🔼 +411 |
| BANK NIFTY | 56,192 | 🔼 +174 |
Reliance Industries Limited (RIL) was the showstopper of the day — surging over 3.6%, signaling renewed investor confidence.
🌟 Market Highlights (Riddhi Siddhi Share Brokers View)
- Advance–Decline Ratio: 33—17 ✅
- India VIX: 11.35 (▼ -2.41%) — low volatility signals investor comfort
- NIFTY PCR (28 OCT): 1.03 — balanced sentiment
- 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 Share Brokers Insights
Nifty gained 0.52%, closing above all key moving averages — confirming bullish momentum ahead of the festive season.
- Key Moving Averages:
21 DMA – 25,134 | 50 DMA – 24,955 | 100 DMA – 24,997 | 200 DMA – 24,241 - Bank Nifty: Hit a new lifetime high of 58,261.55 🚀
- Market Breadth: Bullish (33:17)
- Midcap & Smallcap Indices: Up +0.92% and +0.53%, showing continued strength.
- Resistance Zone: Nifty eyes its all-time high of 26,277.35
🚀 Top 5 Positive Catalysts Fueling the Rally
- ✅ Robust Q2 Corporate Earnings — Strong results across key sectors.
- 🌏 US-China Trade Relief — Dovish statements from President Trump lifted global sentiment.
- 🏦 Supportive Federal Reserve Outlook — Risk-on tone favors emerging markets.
- 📊 Wall Street Strength — Global equities supported the uptrend.
- 📈 IMF Upgrades India’s GDP Forecast — Now at 6.6%, reaffirming growth optimism.
💬 Riddhi Siddhi Share Brokers View:
“This Diwali, let your portfolio sparkle with conviction and your wealth compound with grace.” ✨
🔥 Stocks in Focus (Diwali Week Movers)
| Stock | Change | Key Update |
|---|---|---|
| HDFC Bank 🏦 | ▲ +0.10% | Q2 profit ₹18,640 crore (+10.8% YoY); strong deposit growth. |
| Avantel Ltd. 🛰 | ▼ -8.71% | PAT drops 81% YoY; margin pressure continues. |
| Reliance Industries 🏭 | ▲ +3.61% | Net profit ₹18,165 crore (+9.5% YoY); energy & consumer growth strong. |
| IRCON International 🏗 | ▲ +0.81% | ₹360 crore order from Petronet LNG boosts pipeline. |
| CRISIL Ltd. 📊 | ▲ +4.3% | Net profit ₹193.1 crore (+12.6% YoY). |
🐂 Top Bulls of the Day
- Cipla ▲ 4.15%
- Reliance Industries ▲ 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
📌 Stock markets will remain closed on October 21 & 22, 2025 — except for the Mahurat Trading Session on October 21 (1-hour special session in the afternoon).
Riddhi Siddhi Share Brokers Outlook:
- Nifty likely to target its all-time high of 26,277.35 🔝
- Festive optimism and strong earnings to support the rally.
📊 NIFTY Technical Snapshot
| Parameter | Level |
|---|---|
| CMP | 25,843 |
| Support Levels | 25,675 / 25,501 |
| Resistance Levels | 26,000 / 26,277 |
| Range | 25,722 – 26,000 |
| 21 DMA | 25,134 |
| 50 DMA | 24,955 |
| 200 DMA | 24,241 |
| Trend | ✅ Positive |
🟢 Bullish Stocks to Watch (Short-Term)
- Canara Bank (CANBK)
- IDFC First Bank (IDFCFIRSTB)
- Punjab National Bank (PNB)
🟢 Bullish Stocks to Watch (Long-Term)
- Bharat Electronics Ltd. (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 (India) (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.