Market Analysis & Outlook by Riddhi Siddhi Share Brokers
📈 Market Overview: Bulls Make a Strong Comeback
Dalal Street roared back into action on Wednesday as optimism swept through the markets after the International Monetary Fund (IMF) upgraded India’s GDP growth forecast for FY26 by 20 basis points to 6.6%.
The rally was broad-based, with all major sectoral indices — except Media — closing in the green. Realty stocks led the charge, with the Nifty Realty Index surging 3.04%, signaling renewed investor confidence in the Indian economy.
🔔 Benchmark Highlights
- NIFTY 50: ▲ 178 pts ⎯ 25,324
- SENSEX: ▲ 575 pts ⎯ 82,605
- BANK NIFTY: ▲ 303 pts ⎯ 56,800
💬 “Bulls are officially back in the game — and Riddhi Siddhi Share Brokers is here to help you ride this wave safely and smartly.”
📊 Market Action Snapshot — Powered by Riddhi Siddhi Share Brokers
| Indicator | Value | Change |
|---|---|---|
| Advance–Decline Ratio | 39:11 | — |
| India VIX | 10.53 | ▼ 5.65% |
| Nifty PCR (20 Oct) | 1.24 | — |
| Nifty PCR (28 Oct) | 1.04 | — |
| USD/INR Futures (Oct) | 88.10 | ▼ 0.86% |
🏆 Sectoral Performance
| Category | Sector | Change |
|---|---|---|
| 🟢 Top Gainers | Realty (+3.04%), PSU Banks (+1.67%), Financial Services (+1.27%) | — |
| 🔴 Top Loser | Media (-0.52%) | — |
📉 Market Recap: Technical View
- Nifty 50 closed +0.71% higher, remaining above its key short-term averages —
- 21 DMA: 25,079
- 50 DMA: 24,891
- 100 DMA: 24,972
This reaffirms a strong bullish undertone.
- Bank Nifty gained 0.54%, slightly underperforming but confirming broad market strength.
- Market breadth favored bulls at 29:11.
- Broader indices — Nifty Mid-cap 50 (+0.93%) and Nifty Small-cap (+0.80%) — outperformed the benchmarks.
💡 Expert Insight:
“These are the kind of sessions where trend-following strategies can deliver meaningful upside opportunities.” — Riddhi Siddhi Share Brokers
🔥 Stocks in Focus
- 🏭 Hyundai Motor India Limited (HMIL):
Announced a record ₹45,000 crore investment through FY2030 to drive its next phase of growth in India. - 🏗️ Larsen & Toubro (L&T):
Surged to a 10-month high at ₹3,837.95, nearing its all-time peak of ₹3,963 (December 2024). - 🏦 RBL Bank:
Jumped 5% to a 5-year high of ₹305 amid reports that Emirates NBD Bank PJSC is in advanced talks to acquire a 51% controlling stake.
🐂 Bulls of the Day
- BAJFINANCE (+4.07%)
- NESTLEIND (+3.98%)
- BAJAJFINSV (+3.14%)
- TRENT (+2.64%)
- ASIANPAINTS (+2.54%)
🐻 Bears of the Day
- INFY (-1.04%)
- BAJAJ AUTO (-0.96%)
- TATAMOTORS (-0.90%)
- TECHM (-0.89%)
- TATACONSUM (-0.60%)
🧭 Market Outlook for Thursday
Presented by Riddhi Siddhi Share Brokers
- Technical Outlook:
A close above 25,350 will confirm bullish momentum with potential upside targets near 25,670 (June 2025 high). - Market Sentiment:
Festive optimism and improving global cues could keep the rally alive, though sustained momentum will depend on fresh FII inflows. - Trading Range: 25,225 – 25,432
- Support: 25,175 / 25,025
- Resistance: 25,451 / 25,670
- Trend: 🔹 Positive
🌟 Stock Recommendations by Riddhi Siddhi Share Brokers
📈 Short-Term Bullish Stocks
- CANBK
- IDFCFIRSTB
- ETERNAL
🌱 Long-Term Accumulation Stocks
- HBLPOWER (HBL Engineering)
- LT (Larsen & Toubro)
- BEL
⚠️ Bearish Stocks
- PBFINTECH
- OFSS
- BAJAJ AUTO
🚫 Stocks to Avoid for Now
- AMBUJACEM
- HDFCAMC
- KEI
💬 Final Takeaway
India’s stock markets are entering a renewed phase of optimism, driven by IMF’s growth upgrade, festive tailwinds, and broad-based sectoral strength. Traders and investors should stay nimble yet optimistic — the momentum could extend further if global cues remain supportive.
Stay informed, stay ahead — with Riddhi Siddhi Share Brokers, your trusted partner in smart investing
🛡️ Disclaimer
The views expressed are for educational and informational purposes only. Trading and investing in the stock market involve risks. Past performance is not indicative of future results. Always consult a SEBI-registered financial advisor before making investment decisions.