Indian stock markets extended their winning streak for the fourth straight session on Tuesday, led by strong buying in blue-chip banking stocks and continued support from domestic institutional investors (DIIs).
The BSE Sensex climbed 136.63 points (0.17%) to close at 81,926.75, after a volatile trading session. Earlier, the index had surged 519 points (0.63%) to touch an intraday high of 82,309.56, before mild profit-booking trimmed gains.
Similarly, the Nifty 50 advanced 30.65 points (0.12%), ending at 25,108.30, as traders balanced optimism over global cues with caution ahead of the Q2 FY26 earnings season.
💹 Market Highlights
-
12 of 16 major sectors ended in the green.
-
Mid-cap and small-cap indices rose 0.5% and 0.3%, respectively.
-
Financial stocks extended gains for the sixth consecutive session, with HDFC Bank and ICICI Bank each advancing 0.9%.
-
FMCG stocks underperformed on weaker pre-results guidance.
Technical Outlook: Nifty May Consolidate Near 25,200 Zone
According to Vatsal Bhuva, Technical Analyst at LKP Securities, Nifty 50 faced resistance near the 25,200–25,250 zone after three days of strong gains.
“As long as the index holds above 24,900, supported by its 50-day EMA, the overall outlook remains positive,” said Bhuva.
In the derivatives market, heavy open interest was seen at 25,000 Put and 25,200 Call strikes, suggesting a likely trading range between 24,950 and 25,300.
-
Support levels: 24,950 – 25,000
-
Resistance levels: 25,250 – 25,300
Global Cues: Focus on US Tariffs, Trade Deal and Gold Prices
Global investor sentiment was boosted by easing concerns over US trade policies following hints of a potential US–India trade agreement, alongside Donald Trump’s tariff review comments.
Meanwhile, gold prices continued to hover near record highs, supported by safe-haven demand amid global uncertainty.
Analyst Commentary: Markets May Pause Before Earnings
Vinod Nair, Head of Research at Geojit Financial Services, noted that while global cues remain supportive, investors are now looking for earnings visibility:
“The markets opened strong but ended with marginal gains as participants turned cautious ahead of Q2 earnings. Financials outperformed after RBI’s reform push, while FMCG stocks lagged.”
Stocks to Buy or Sell Today
Market experts from top brokerages Sumeet Bagadia (Choice Broking), Ganesh Dongre (Anand Rathi), and Shiju Koothupalakkal (Prabhudas Lilladher) have shortlisted 8 stocks for intraday and short-term trades:
Buy / Accumulate:
-
Ather Energy Ltd
-
UNO Minda Ltd
-
BSE Ltd
-
JSW Energy Ltd
-
Punjab National Bank (PNB)
-
Hi-Tech Pipes Ltd
-
Rail Vikas Nigam Ltd (RVNL)
-
Transrail Lighting Ltd
These picks are based on technical strength, sector momentum, and volume indicators.
Outlook for Wednesday (October 9, 2025)
-
Short-term sentiment: Mild consolidation likely before Q2 earnings.
-
Medium-term trend: Positive bias as long as Nifty trades above 24,900.
-
Sectors to watch: Banking, Power, Infra, and Midcaps.
-
Global triggers: Trump tariff policy update, gold movement, and crude oil prices.
