Nifty ended 262 points higher while the Sensex up by 862 points
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, October 16, 2025: Today, the benchmark indices continued their positive momentum, with the Nifty ending 262 points higher while the Sensex was up by 862 points. Among sectors, buying was seen in FMCG and Realty stocks, resulting in the FMCG index gaining 2 percent and the Realty index rallying 1.75 percent, whereas intraday profit booking was observed in selective PSU bank stocks.
Technically, the market opened with a gap-up and maintained positive momentum throughout the day. On daily charts, it has formed a bullish candle, and on intraday charts, it is holding an uptrend continuation formation, which is largely positive.
Gaurav Garg, Research Analyst Lemonn Markets Desk, adds:
Indian equity markets extended gains on Thursday, with the Sensex rising over 900 points and the Nifty hitting a four-month high, supported by strong banking stocks and firm global cues. Optimism over a potential US Fed rate cut and the IMF’s upgraded India growth forecast (6.6% for FY26) boosted sentiment. Banking majors like Axis Bank and AU Small Finance Bank led the rally, while reports of a possible PSU bank merger by FY27 added to the momentum.
FII and DII inflows of Rs68.6 crore and Rs4,650 crore, respectively, kept liquidity robust. Globally, Asian markets tracked Wall Street higher on improving risk appetite. The rupee strengthened 40 paise to 87.68 per USD amid steady equity inflows and softer crude prices. Technically, Nifty’s breakout above 25,450 signals bullish strength, with potential to test 25,800, while 25,330 remains immediate support.
We are of the view that the short-term market texture is bullish, but due to temporary overbought conditions, we could see range-bound activity in the near future. For traders, now, 25,500-25,400/83200-82900 would act as key support zones. On the higher side, 25,725-25,800/83800-84000 would be the key resistance areas for the bulls. However, below 25,400,/82900 the uptrend would become vulnerable.
