Index Update: The Nifty 50 gained 117.70 points to close at 26,053.90, hovering near its record highs amid a phase of healthy consolidation. The index remains comfortably above the 51-day EMA at 25,119.68, highlighting strong underlying support. The RSI at 72.43 signals sustained bullish momentum, though mildly overbought conditions persist. Immediate support is placed around 25,670, while resistance is seen near 26,300. Sustained trade above 25,670 would help maintain the broader uptrend.

Macro Update: India’s industrial production grew 4% year-on-year in September 2025, marking the 12th straight month of expansion. Manufacturing output rose 4.8%, driving overall growth despite slower gains in electricity and a contraction in mining. The sustained momentum underscores industrial resilience amid global trade headwinds and U.S. tariff pressures.

Top Market Movers: On Wednesday, Adani Ports and Special Economic Zone Ld (NSE: ADANIPORTS) led the gainers with a 2.60% increase, closing at INR 1,454.90 followed by NTPC Ltd (NSE: NTPC) up 2.46% at INR 347.50 and Power Grid Corporation of India Ltd (NSE: POWERGRID) which rose 2.46% to INR 295.35. On the downside, Dr Reddy's Laboratories Ltd (NSE: DRREDDY) saw the largest drop, falling 2.99% to INR 1,250.90 followed Coal India Ltd (NSE: COALINDIA) down 2.40% to INR 382.00 and Bharat Electronics Ltd (NSE: BEL), which dropped 1.54% to INR 407.20.

Commodity Update: The U.S. dollar held near a one-week low ahead of the anticipated Federal Reserve rate cut. Gold slipped 0.52% to USD 3,962.40 per ounce, silver fell 0.12% to USD 47.26, and copper eased 0.28% to USD 10,995.00. Brent crude gained 0.30% to USD 64.58 as renewed Israel-Hamas conflict raised supply concerns. Oil prices rebounded after two days of losses, supported by geopolitical tensions and fresh U.S. sanctions on Russia.

Our Stance: The market remains in a strong uptrend, with Nifty consolidating near record highs and solid support at 25,670. Momentum indicators suggest continued strength despite overbought signals. Industrial data reinforce economic resilience, while geopolitical tensions and commodity volatility warrant selective positioning in defensives and infrastructure-linked sectors.

Disclaimer:

The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.

Copyright 2025 Krish Capital Pty. Ltd. All rights reserved. No part of this website, or its content, may be reproduced in any form without our prior consent.