Despite some cooling in bullish momentum, the good news is — Nifty’s uptrend remains intact.
The benchmark logged its fourth consecutive weekly gain, marking the first such winning streak of 2025, signaling sustained investor optimism through the Diwali week.
📊 Weekly Market Snapshot
| Index | Close | Weekly Change |
|---|---|---|
| Nifty 50 | 25,795 | +0.33% |
| Sensex | 84,212 | +0.31% |
| Bank Nifty | 57,700 | -0.02% |
🎆 Festive Cheer Meets Global Uncertainty
Dalal Street basked in Diwali festive vibes last week, but bullish sentiments turned cautious amid renewed global uncertainties surrounding the India–US trade deal.
🛢️ Key Market Headwinds:
1️⃣ Oil Prices Spike:
Crude oil prices soared to $62.15/barrel after U.S. President Donald Trump imposed sanctions on Russian oil majors Rosneft and Lukoil.
2️⃣ US–China Tensions Return:
Fresh trade worries resurfaced after reports suggested that the White House may restrict U.S. software exports to China, hurting global sentiment.
🧭 The Bigger Picture: A Healthy Pause for the Bulls
A bit of consolidation is often healthy — and that’s exactly what the markets witnessed this week.
The hope now is for a rebound next week, as Nifty bulls look to take cues from the super-bullish Wall Street rally, which surged on Friday’s session.
🌍 Global & Commodity Round-Up
| Index | Close | Weekly % Change |
|---|---|---|
| Dow Jones | 47,207 | +2.18% |
| Nasdaq | 25,358 | +3.61% |
| Bovespa (Brazil) | 1,46,172 | +1.93% |
| Crude Oil ($/bbl) | 62.01 | +8.51% |
| Gold (₹/gm) | 4,135 | -2.69% |
| Silver (₹/gm) | 48.79 | -6.05% |
| USD/INR | 87.85 | -0.17% |
📈 Market Performance Highlights
🔹 Nifty 50
- Gained +0.33% for the week — extending its winning streak to four straight weeks.
- Nifty trades comfortably above key moving averages:
- 21 DMA: 25,222
- 50 DMA: 25,035
- 100 DMA: 25,030
- 200 DMA: 24,269
- Up 4.81% so far in October.
🔹 Bank Nifty
- Slipped 0.65% but still hit a fresh all-time high of 58,577.50.
- 200-DMA support stands strong at 53,608.
🔹 Mid & Small Caps
- Nifty Midcap 50: +0.85%
- Nifty Smallcap Index: +0.72%
- Broader market sentiment remains positive and constructive.
🏗️ Sectoral Performance
📊 Bullish Sectors:
- IT (+2.96%)
- Metal (+1.45%)
- Media (+1.35%)
- Oil & Gas (+1.10%)
- Realty (+0.77%)
- Energy (+0.65%)
- Infra (+0.63%)
- Pharma (+0.47%)
⚠️ Bearish Sectors:
- FMCG (-0.47%)
- Auto (-0.44%)
💼 Stock Highlights of the Week
🔸 Top Gainers
| Stock | Gain |
|---|---|
| HINDALCO | +6.68% |
| SHRIRAM FINANCE | +5.91% |
| INFOSYS | +5.85% |
| BAJAJ FINANCE | +3.64% |
| AXIS BANK | +3.47% |
🔸 Top Losers
| Stock | Loss |
|---|---|
| ETERNAL | -4.68% |
| ICICI BANK | -4.10% |
| ULTRATECH CEMENT | -3.65% |
| ADANI PORTS | -3.41% |
| HUL | -3.35% |
🏦 Stock-Specific Buzz
1️⃣ Federal Bank (+7.07%) – Board approved capital raise of ₹6,196.51 crore via warrant issue to Asia II Topco XIII.
2️⃣ Infosys (+5.85%) – Surged as promoters opted out of ₹18,000 crore share buyback.
3️⃣ Cipla (+0.43%) – Partnered with Eli Lilly to distribute tirzepatide in India under the brand Yurpeak.
4️⃣ Reliance (+2.46%) – Q2FY26 profit up 14% YoY to ₹22,092 crore; revenue up 10%.
5️⃣ PNB (+2.85%) – Net profit rose 14% YoY to ₹4,904 crore, aided by improved asset quality.
6️⃣ BEL (+2.24%) – Secured ₹633 crore order from Cochin Shipyard.
7️⃣ Epack Prefab (+34.29%) – Q2 profit up 104% YoY; strong operational growth.
8️⃣ HUL (-3.35%) – Slipped post muted Q2 results despite 4% YoY profit rise.
9️⃣ ICICI Bank (-4.10%) – Declined despite solid Q2 numbers; profit rose to ₹12,359 crore.
10️⃣ UltraTech Cement (-3.65%) – Fell post Q2 results despite 75% YoY profit jump and ₹10,255 crore expansion plan.
🔮 What Lies Ahead for Nifty?
- Nifty is expected to start the week on a positive note, buoyed by soft U.S. inflation data that strengthened expectations for Fed rate cuts.
- The upcoming FOMC meeting (Oct 28–29) will be a major global cue, with the Street fully pricing in another 25 bps rate cut to bring the Fed funds rate to the 3.75%–4% range.
🗓️ Key Q2 Earnings to Watch Next Week:
Oct 27 (Mon): IOC, Adani Energy Solutions, Indus Towers, SRF
Oct 28 (Tue): TVS Motor, Adani Green, Tata Capital, Shree Cements
Oct 29 (Wed): L&T, Coal India, HPCL, United Breweries
Oct 30 (Thu): ITC, Pidilite, Cipla, Canara Bank, Dabur India
Oct 31 (Fri): Maruti Suzuki, BEL, Shriram Finance, Godrej Consumer, ACC
🧮 Technical View
- Support: 25,450
- Resistance: 26,277 (All-time high)
- Aggressive Target: 27,000
- Trend: Positive bias; broader undertone constructive with continued FII inflows and strong DII participation.
💡 Bottom Line
The only thing that could glitter brighter than Gold and Silver this festive season might just be the Nifty Index itself.
Watch for confirmation of strength above 26,277, and the bulls could well be on track for the next big breakout.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..