17/10/26, PostMarket REPORT and Next Week Strategy

The Nifty 50 rallied 0.65 percent on above-average volumes on October 16, extending its gains for a second consecutive session as bulls maintained their grip on the market. The index sustained its position above short-term moving averages and the midline of the Bollinger Bands. Moreover, its 10-day and 20-day exponential moving averages (EMAs) continued to slope upward, indicating a strengthening short-term structure. However, the broader trend remains tilted in favour of the bears, as the index continues to trade below its medium- and long-term moving averages, including the 50-day and 200-day EMAs.

Going forward, the Nifty 50 needs to sustain follow-through buying next week and convincingly reclaim the 23,300–23,350 zone to extend its recovery. This range coincides with the 50-day EMA and the upper end of the bearish gap formed on September 24. A sustained move above this zone could open the door for a further rise towards 23,600–23,700. On the downside, the support base has shifted higher to 22,800–22,900 following a healthy rally of nearly 1,000 points from the October low of 22,180. The 22,550–22,600 zone remains a crucial support area, according to market experts.

After an initial hour of volatility following a positive opening, the Nifty 50 remained above the psychologically important 23,000 mark and closed at 23,146, its highest closing level since September 23. The index gained 149 points, or 0.65 percent.

On the daily charts, the index formed a bullish candle with a long lower shadow, indicating a positive bias and strong buying interest at lower levels. It also moved closer to the 38.2 percent Fibonacci retracement level at 23,173, measured from the decline between 24,774 and 22,180.

Momentum indicators also showed further improvement. The Relative Strength Index (RSI) climbed above the 50 mark to 52.81, accompanied by a positive crossover. Meanwhile, the Moving Average Convergence Divergence (MACD) maintained its bullish crossover and moved closer to the zero line, while the green histogram bars expanded for a third consecutive session.

For the week, the Nifty 50 advanced 2.78 percent, recording its strongest weekly gains since April 2026. The index also broke its six-week sequence of lower highs and lower lows, forming a long bullish candle with a lower wick on the weekly charts, indicating renewed buying interest.

Amol Athawale, Vice President of Technical Research at Kotak Neo, believes the short-term market structure remains positive. However, he said a buy-on-dips and sell-on-rallies strategy would be ideal for traders.

On the downside, 23,000 and the 20-day simple moving average (SMA), near 22,800, are likely to act as key support levels. On the upside, 23,300 and 23,500 could serve as crucial resistance zones, he said. Athawale added that a fall below 22,800 could alter market sentiment, in which case traders may consider exiting their trading long positions.

Weekly options data suggest that the 23,500 strike, which has the highest Call open interest, could pose a major hurdle for the index next week. The 23,200 strike, which has the next-highest Call open interest, is likely to act as an immediate resistance level.

On the downside, the 22,700 strike, which has the highest Put open interest, could provide crucial support. The 22,900–23,000 strikes, which have the next-highest Put open interest, are expected to offer immediate support.

Meanwhile, the India VIX remained unchanged at 14.02 and continued to trade above most of its key moving averages, indicating that caution is warranted among bulls. A sharp decline in the volatility index towards and below the 12 mark could provide greater comfort to bullish traders.

Bank Nifty

The Bank Nifty extended its gains for a second consecutive session but failed to move above the previous day's high of 56,050–56,100, a zone that also coincides with the 50-day EMA. A decisive move above this range is crucial for further upside towards 56,500–56,700, followed by 57,000, which remains a key hurdle for strengthening the bullish bias.

The banking index rose 33.5 points, or 0.06 percent, to close at 55,844. On the daily charts, it formed a small-bodied bearish candle with a minor upper shadow and a long lower shadow, indicating range-bound trading as the index remained within the previous day's range.

The RSI stayed above the 50 mark at 51.91, accompanied by a positive crossover. The MACD also maintained its bullish crossover, with the green histogram bars expanding throughout the week. These indicators point to improving momentum, although the index still needs to clear key resistance levels to confirm further upside.

On the positional front, consolidation continues, and a decisive breakout is required to establish the next directional move, said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities.

According to Shah, the 55,200–55,300 zone will act as immediate support. A breakdown below this range could expose the index to renewed selling pressure, potentially dragging it towards 54,800.

On the upside, 56,300–56,400 remains the immediate resistance zone. A decisive breakout above this range could attract fresh buying interest and propel the Bank Nifty towards 56,700–57,000, he said.

For the week, the Bank Nifty advanced 1.06 percent, extending its gains after a 1.48 percent rally in the previous week. The rise was accompanied by robust volumes. On the weekly charts, the index formed a bullish candle with a minor upper shadow and a noticeable lower shadow, indicating a continuation of the positive trend. It also maintained its higher-high, higher-low structure for another week.

  Report Written by Sunil Shankar Matkar 

Source:Network18

16/10/26, "GDP is not a perfect measure, but it is a good measure."

India needs to sustain economic growth of 8-9 per cent over the next two decades to realise its long-term development ambitions, even as the country moves towards a broader framework for measuring economic progress beyond gross domestic product (GDP), Statistics Secretary Saurabh Garg said on October 16.

India should aspire to expand its economy nearly ninefold over the next 20 years, Garg said, emphasising that such an ambition would require sustained high growth.

"It is the right time to be young in India," Garg said, arguing that the country's economic momentum could continue for another two decades, provided it maintained its growth trajectory.

GDP a useful but imperfect measure

While acknowledging the limitations of GDP as an indicator of economic progress, Garg said it remained a useful measure of economic activity.

 "GDP is not a perfect measure, but it is a good measure."

However, the changing structure of the economy and the emergence of new sources of economic value have created a need to expand the way economic activity is measured.

One such area is data, which is increasingly emerging as an additional factor of production, complementing traditional inputs and improving their productivity.

Data can enhance the effectiveness of existing factors of production while also functioning as a productive resource in its own right, Garg said, adding that economic measurement frameworks must evolve to capture its contribution.

Accounting for natural resource depletion

He also emphasised the importance of accounting for natural resource depletion as India works towards its Net Zero ambitions.

The revised System of National Accounts (SNA) 2025 gives greater prominence to net measures of economic activity that account for depreciation and natural resource depletion, allowing policymakers to assess growth alongside its implications for sustainability.

Report by Ishan Gera

Source: Network18 

Well-being to gain prominence

Beyond economic output and environmental sustainability, Garg highlighted the importance of tracking well-being as part of the revised national accounting framework.

The revised framework is expected to become applicable in India from 2028–29

16/10/26, market hours news

Benchmark indices Sensex  and Nifty rose from day's low to trade in the green on October 16 due to various reasons, including buying in IT shares.

At 12:23 pm, the Sensex was up 324.10 points or 0.44% at 74,639.71, and the Nifty was up 114 points or 0.5% at 23,111.35. About 2,179 shares advanced, 1,608 shares declined, and 192 shares were unchanged.

Key reasons behind market gain

1) Buying in IT shares

Among sectoral indices, Nifty IT contiued to advance for the fourth straight session. The index was the best performer by a significant variance. Barring Persistent Systems and Coforge, all constituents were in the green. The IT index was followed by Nifty Media, which was up by around a percentage point.

Nifty Oil & Gas was the worst performer on the sectoral front, down over 1%. Almost all stocks in the index fell, with public oil marketing companies Hindustan Petroleum Corp., Indian Oil Corp., and Bharat Petroleum Corp. down 0.4-1.0%. HPCL fell 1% after closing with good gains the previous session.

The IT index jumped 3%, led by 7% rise in Tech Mahindra after the software company beat second-quarter revenue expectations, aided by robust deal wins.

The information technology services major has been rising for four straight sessions and it has risen more than 19% in this period. It has outperformed the Nifty IT index, which rose 11% in comparison. Tech Mahindra had reported a good set of results for the September quarter. Its sequential growth in revenue in constant currency terms and rise in earnings before interest and taxes beat analysts' expectations.

After the results, Morgan Stanley upgraded the stock to "equal-weight" from "underweight" and raised its target price to Rs 1,780 from Rs 1,480,

Analysts at Morgan Stanley were positively surprised by the deal conversion-to-revenue metrics and said Tech Mahindra would be able to hold on to the improved conversion ratios within the next year.

CLSA maintained its "hold" rating on the stock but raised the target price to Rs 1,494 from Rs 1,463.

Wipro shares rose nearly 4% on Friday after the IT firm's second-  quarter revenue beat estimates and the company signaled that delayed large deals could support growth in coming quarters, outweighing concerns over weak deal bookings and a subdued near-term outlook.

The stock was trading at Rs 180.76, its highest since September 1, and was set for its fourth straight session of gains.

Wipro said its second-quarter revenue rose to Rs 24,753 crore, above analysts' expectations of Rs 24,627 crore.

The Bengaluru-headquartered company forecast third-quarter revenue growth of between a 1.5% decline and a 0.5% rise in constant currency terms and reported a 45% drop in total bookings to $2.6 billion from a year earlier.

2) Value buying

Value buying emerged from lower levels on October 16 after markets extended their winning streak. The benchmarks posted their biggest single-day gains in four months in the previous session on a rebound in the global AI trade and earnings-driven moves.

"India has been significantly outperforming other markets this week. This outperformance is being driven by the weakening of the AI trade, expectation of some major new changes in the LTCGs taxation in the coming Budget and the positive fallout from the Q2 results which have been better-than-expected, so far, and are likely to maintain the positive trend. The good results from the IT majors and the positive management commentary have led to a smart 9% revival in the IT index contributing to the resilience of the Nifty. Q2 results of telecom companies, banking, automobiles and metals like copper, aluminium and zinc will be impressive. This can provide the fundamental support to the market. Another positive development is the sharp decline in the US10-year bond yield to 5.07%. This, along with the strength in the rupee, can restrain the FII selling a bit," said V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

3) Technical reason

Nifty needs to trade below 22,900 for any bearishness to emerge in the market, said analysts.

"Nifty is now testing the 23,000–23,100 resistance zone, which coincides with the recent breakdown area and retracement levels of the previous decline. A sustained move above 23,100 will extend the ongoing pullback towards 23,500 levels. Conversely, failure to break this resistance may trigger some consolidation within the 22,500–23,100 range. The near-term pullback remains intact as long as Nifty holds above 22,500," said Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking.

"We are of the view the intraday market outlook is positive. However, buying on intraday dips and selling on rallies would be the ideal strategy for day traders. On the downside, 22,875/74,000 and 22,800/73,700 are key support zones. On the upside, 23,100–23,200/74,500–74,800 are key resistance areas for the bulls.

"However, sentiment could change if the market falls below 22,800/73,700. Below this level, traders may consider exiting their long positions," said Shrikant Chouhan, Head Equity Research, Kotak Neo.

With inputs from Reuters

Report by J. Jagannath 

Source: Network18 

16/10/26, Trading Strategy by Shaleen

Indian benchmark indices Sensex and Nifty are likely to open higher on Friday, with GIFT Nifty signalling a positive start after Thursday's sharp rally. A rebound in Asian equities following the recent technology-stock selloff, gains on Wall Street and a modest decline in crude oil prices could support sentiment. However, elevated energy prices, geopolitical uncertainty and persistent foreign institutional selling remain key risks to the recovery.

GIFT Nifty was trading at 23,072 around 8 am, up 84 points, or 0.37 percent, indicating a positive opening after the Nifty ended near 23,000 on Thursday. Indian equities surged in the previous session, with the Sensex jumping 1,533.72 points, or 2.11 percent, to 74,315.61 and the Nifty gaining 374.65 points, or 1.66 percent, to 22,997.35. Foreign institutional investors sold equities worth around Rs 5,285 crore, while domestic institutions bought shares worth Rs 3,319 crore.

Asian markets rebound after technology selloff

Asian equities advanced on Friday as investors bought stocks following the sharp selloff in semiconductor and artificial intelligence-related companies earlier in the week. The MSCI Asia Pacific Index gained 1.1 percent, with advancing stocks outnumbering decliners by roughly three to one. South Korea's Kospi climbed 2.5 percent, recovering from Thursday's slump that had pushed the index to its lowest close since April.

Japan's Topix rose 1.7 percent, Hong Kong's Hang Seng gained 0.9 percent, and the Shanghai Composite advanced 0.4 percent. Indonesia bucked the regional trend, plunging 8 percent amid concerns over the country's potential exclusion from global stock indices. US equity futures were largely unchanged, with S&P 500 futures trading near the flatline.

Wall Street rises as investors shift away from AI stocks

US equities ended higher on Thursday, recovering from early losses as investors shifted towards healthcare and consumer stocks amid continued concerns over valuations and debt levels among artificial intelligence-related companies. The Dow Jones Industrial Average rallied 1.08 percent to 52,177.69, while the S&P 500 gained 0.33 percent to 7,744.06. The Nasdaq Composite edged 0.08 percent higher to 26,713.03.

Healthcare stocks, including Eli Lilly and UnitedHealth, attracted buying interest, while several technology shares remained under pressure as investors assessed their exposure to rising borrowing costs.

Brent eases but remains above $105

Crude oil prices edged lower on Friday as investors weighed Middle East supply risks against possible US measures to ease restrictions on the global shadow fleet of oil tankers. Brent crude futures fell 0.39 percent to $105.51 a barrel, while West Texas Intermediate declined 0.55 percent to $97.43 a barrel.

Crude prices, FII flows remain key risks

Ponmudi R, CEO of Enrich Money, said the near-term outlook for Indian equities remains cautiously positive, although elevated crude oil prices could limit the scope for a sustained advance. He identified geopolitical uncertainty, global bond yields and foreign institutional flows as important factors that could influence market direction.

According to Ponmudi, investors are likely to closely monitor foreign flows for signs of a more durable improvement in risk appetite, while the sustainability of the recovery will depend largely on crude oil prices, global yields and geopolitical developments

Report by Shaleen Agrawal 

Source: Network18 

16/10/26, Market News and Trading Strategy

After a strong rally on Thursday, bullish momentum improved, with the Nifty 50 decisively moving above its short-term moving averages. However, the broader technical structure continues to warrant caution, as the index remains below its 50-day and 200-day exponential moving averages (EMAs). If buying interest persists, the Nifty 50 could face resistance at 23,100, followed by the 23,300–23,400 zone. On the downside, support is placed at 22,850, followed by 22,600, which remains a crucial support level. Meanwhile, the Bank Nifty needs to break above the 56,000–56,100 resistance zone to sustain its upward momentum. A decisive move above this hurdle could open the door for a rally towards 56,500. On the downside, immediate support is placed at 55,450, followed by 55,250 as a key support level, experts said.

On October 15, the Nifty 50 rallied 375 points, or 1.66%, to close at 22,997, while the Bank Nifty surged 495 points, or 0.89%, to 55,811. However, market breadth was negative, with declining shares outnumbering advancing shares on the NSE. Around 2,011 stocks declined, while 1,234 advanced.

Nifty Outlook and Strategy

Om Mehra, Technical Research Analyst at Samco Securities

Nifty positioning has turned bullish, with India VIX easing 4 percent to 14.03, taking some pressure off option premiums. The current PCR of 1.64 indicates a strong Put side tilt near spot, while the monthly PCR (Put Call ratio) stands at 1.03. Maximum Pain is placed at 22,900, just below the spot level.

Put open interest increased by 8.94 crore during the session, while Call open interest declined by 1.35 crore. Fresh Put writing was concentrated between 22,700 and 22,900, while Call open interest at 22,700 and 22,800 saw unwinding. Among the strikes around spot, Put open interest is highest at 22,500 and 22,700, while the heaviest Call open interest is at 23,000, followed by 23,300. Fresh Call writing remains modest and is concentrated between 23,100 and 23,400. Overall, derivatives positioning favours the upside, with 22,900 emerging as the first support to watch.

Nifty formed a long bullish candle with a small upper wick. The index has recovered more than 3.5 percent from its 52-week low near 22,180 and closed above both the 20-day SMA and the 22,810 resistance level. The RSI has climbed to 50 from oversold levels, while the MACD has generated a positive crossover, although both lines remain below zero.

The Supertrend at 23,120 is the next hurdle, just above the heavy Call open interest concentration at 23,000. A sustained move above this level could extend the rally toward 23,300. The volatility easing and favourable derivatives positioning strengthens the case for upside, the near term outlook remains positive.

Key Resistance: 23,050, 23,150, 23,300

Key Support: 22,900, 22,810, 22,700

Strategy: Buy Nifty October Futures at 22,993, with a stop-loss of 22,850, and target of 23,280.

Jay Mehta, Technical Research at JM Financial Services

Nifty staged a strong rebound from the support zone near 22,180 and broke out above a sloping wedge / ending diagonal pattern in this week. After a minor retracement on Wednesday, the latest session saw renewed follow-through buying. Short-term momentum and trend indicators support continued bullish bias.

While the broader positional structure still remains weak, price is now holding above the 20-day EMA (though still below medium- and long-term averages). The recent bounce appears driven by short-covering, and further upside is possible in the near term. Immediate resistance is at 23,195, followed by a stronger hurdle at 23,500. Support lies at 22,850, with the next level at 22,660.

Key Resistance: 23,195, 23,500

Key Support: 22,850, 22,660

Strategy: Buy Nifty Futures on dips around 22,850 and 22,750 with stop-loss below 22,660. Consider exiting or taking a cautious stance near resistance 23,195; if this level is cleared, book profits around the next resistance of 23,500.

Bank Nifty - Outlook and Positioning

Om Mehra, Technical Research Analyst at Samco Securities

Nifty Bank positioning is balanced with a mild positive tilt. The PCR stands at 1.08, indicating a slight Put side edge, while maximum pain is placed at 55,800, virtually in line with spot.

Put open interest increased by 6.68 lakh contracts during the session, while Call open interest declined by 7.4 lakh. Put writing was visible between 55,500 and 56,000, with the sharpest addition at 55,500. Meanwhile, Call open interest at 55,500 and 55,000 saw unwinding. Fresh Call writing emerged between 55,800 and 56,000, with the highest addition at 56,000. The heaviest Call open interest above spot is concentrated at 56,000, well ahead of Put open interest, followed by 56,500. On the Put side, the strongest support bases are at 55,000 and 55,500. Overall, derivatives positioning favours the upside, with 55,500 as the key support and 56,000 as the major hurdle.

Nifty Bank formed a bullish candle with an upper wick as gains receded near the Supertrend resistance at 56,043. The index closed above the 38.2 percent Fibonacci retracement at 55,665 and remains above the 20-day SMA. The RSI has climbed to 52, while the MACD shows a positive crossover.

The Supertrend near 56,043 coincides with the heaviest Call open interest zone, making 56,000 to 56,050 the key hurdle. A sustained close above this zone could extend the advance toward 56,400. On the downside, 55,500 is the immediate support.

The outlook remains positive as long as Nifty Bank holds above 55,650, with a decisive move above 56,050 needed to strengthen the case for further gains

Key Resistance: 56,200, 56,500, 56,700

Key Support: 55,665, 55,500, 55,400

Strategy: Buy Nifty Bank October Futures at 55,896, with a stop-loss of 55,640, and target of 56,400.

Jay Mehta, Technical Research at JM Financial Services

Bank Nifty rebounded strongly from the support zone, forming a strong reversal candlestick around 53,800, and has rallied toward 56,000 over the past three weeks. It is currently approaching resistance at 56,200, followed by a stronger level at 56,500. Short-term momentum remains positive, and further upside is possible.

Momentum and trend indicators support continued short-term bullish bias. Price is trading above short-term averages but remains just below the 50-day EMA and below the 200-day EMA. Within the banking space, private banks are showing relative strength while PSU banks lag.

Key Resistance: 56,200, 56,500

Key Support: 55,600, 55,300

Strategy: Buy Bank Nifty October Futures on dips around 55,600 and 55,300 with stop-loss below 55,000. Consider exiting or taking a cautious stance near resistance 56,200; if this resistance is surpassed, exit longs around the next crucial level of 56,500.

Report by Sunil Shankar Matkar 

Source:Network18

Disclaimer: The views and investment tips expressed by experts here are their own and not those of us. We advise readers and Traders to check with certified experts before taking any investment decisions.

15/10/26, WIPRO

Wipro on Thursday forecast IT services revenue growth of -1.5 percent to 0.5 percent sequentially in constant currency for the third quarter of FY27, the same range it had guided for the second quarter in July.

Total bookings stood at $2.6 billion, down nearly 23 percent sequentially, while large deal bookings fell almost 60 percent to $0.7 billion.

The IT services operating margin expanded 50 basis points sequentially to 16.5 percent. Chief Financial Officer Aparna C Iyer said the improvement came despite continued investments in the business and employees. Operating cash flow stood at 166 percent of net income for the quarter, she added.

Voluntary attrition on a trailing 12-month basis edged down to 13.8 percent from 13.9 percent in the June quarter.

“The strategic investments we have been making are beginning to deliver results. They are enhancing our ability to win in new markets, add new clients, and grow existing relationships. At the same time, our consulting-led, AI-powered strategy is helping us create larger transformation opportunities. We see AI as a long-term growth driver that will expand the addressable market for technology and business transformation. We are already seeing its potential reflected in the momentum across our AI-Native Unit and AI offerings portfolio," Chief Executive Officer Srinivas Pallia said.

“Our operating margin for the quarter was 16.5%, an expansion of 0.5% sequentially. We have delivered this improvement even while continuing to invest in our business and people. We remain relentless in driving cash flow conversion. Q2 is yet another quarter where our operating cash flow has been robust and stood at 166% of net income," Chief Financial Officer Aparna C Iyer said.

Quarterly performance

Wipro on Thursday reported a 4.5 percent sequential decline in consolidated net profit to Rs 3,200.6 crore for the second quarter of FY27, missing Street estimates, even as revenue from operations rose 1.1 percent quarter-on-quarter to Rs 24,752.7 crore.

According to a CNBC-TV18 poll, analysts had expected Wipro's net profit to decline 3.1 percent sequentially to Rs 3,248.6 crore, while revenue was projected to rise 1 percent to Rs 24,733 crore. The company's profit fell short of expectations, while revenue came in marginally ahead of estimates.

Written by Rishab Shaw

Source: Network18

15/10/26, Jio Platforms aims to transition to 6G

Jio Platforms aims to transition to 6G through software upgrades rather than a fresh infrastructure build-out, managing director Akash Ambani said on October 15, outlining the company's ambition to leverage its existing network and technology capabilities for the next generation of mobile communications.

The strategy reflects Jio's broader focus on developing and monetising its proprietary technology stack, as the company looks to expand beyond connectivity into digital services and international technology partnerships.

Speaking at Jio Platforms IPO press conference, Ambani said the objective was to make the transition to 6G through a software-led approach, potentially reducing the need to replicate the extensive physical infrastructure deployed for previous generations of mobile networks.

 Jio has filed more than 7,220 patents and has a workforce of over 12,000 engineers, according to Ambani. Its technology capabilities span mobile networks, broadband, devices, operating systems and digital applications.

The company has also outlined plans to take its technology to international markets through partnerships with telecom operators in both developed and developing economies.

Ambani said Jio wanted to position itself as a managed-services partner, offering an end-to-end technology stack rather than operating only as a vendor or software-services provider. The company intends to select partners carefully and focus on opportunities that can generate meaningful financial returns.

The international strategy is part of Jio's ambition to help India export technology instead of relying predominantly on imported solutions.

Source: Network18 

15/10/26, Market Rally

Indian stock markets staged a sharp rally today, October 15, with the Sensex surging more than 1,000 points and the Nifty 50 climbing nearly 300 points to cross the 22,900 mark. Buying was visible across most sectors, with information technology (IT), auto, financial services and pharmaceutical stocks leading the gains.

The Sensex climbed to over 73,750, while the Nifty 50 advanced above 22,900 in the intraday trading session today. The Nifty IT index rose more than 2%, extending its gains for a third consecutive session, while auto stocks gained 1.67%. Financial services stocks also traded higher, alongside realty and pharmaceutical shares.

The rally comes against a mixed global backdrop, with weakness in Asian markets and concerns over expensive artificial intelligence-linked stocks weighing on investor sentiment overseas. However, improving corporate earnings, a pullback in crude oil prices and a stronger rupee offered support to domestic equities.

📍Here are five key factors driving the market higher.

IT stocks extend their rally

Information technology stocks remained among the biggest contributors to Thursday’s gains. Shares of Tata Consultancy Services (TCS), Infosys, HCL Technologies and Tech Mahindra advanced as investors assessed recent quarterly results and management commentary.

The gains come even as global technology stocks face pressure. Concerns over high valuations of artificial intelligence-linked companies have triggered selling in several Asian markets, including South Korea and Taiwan.

The Nifty IT index has gained more than 9% over three consecutive sessions, including Thursday, as investors return to select technology stocks

Report by Olivia Kunjumon

Source: Financial Express

15/10/26, INDEX LEVELS

 SENSEX

15/10/26, StockMarket Report for Today.

 Indian benchmark indices Sensex and Nifty are likely to open on a muted note on Thursday, with GIFT Nifty signalling a largely flat start despite a sharp selloff across global markets. Hotter-than-expected US inflation has strengthened expectations of further Federal Reserve interest-rate hikes, triggering heavy selling in technology stocks across Wall Street and Asia. Elevated crude oil prices and persistent foreign institutional selling could add to pressure on Indian equities.

GIFT Nifty was trading at 22,642.5 around 8 am, up 20 points, or 0.09 percent. Indian equities ended lower on Wednesday amid profit booking, with the Sensex falling 251.89 points, or 0.34 percent, to 72,781.89 and the Nifty declining 99.25 points, or 0.44 percent, to 22,622.70. Foreign institutional investors sold equities worth around Rs 1,857 crore, while domestic institutions bought shares worth Rs 2,670 crore.

Asian markets plunge as technology stocks tumble

Asian equities fell sharply on Thursday, extending the global selloff after stronger-than-expected US inflation raised concerns over further monetary tightening. The MSCI Asia Pacific Index plunged 2.7 percent, heading towards its lowest level since July. South Korea's Kospi led regional losses, crashing 7.6 percent, as semiconductor majors Samsung Electronics and SK Hynix both fell more than 9 percent.

Japan's Nikkei 225 futures declined 4.8 percent, while Hong Kong's Hang Seng slipped 0.9 percent and the Shanghai Composite lost 1.2 percent. US equity futures also remained under pressure, with Nasdaq 100 futures down 0.9 percent and S&P 500 futures falling 0.3 percent

Wall Street falls for third session after US inflation surprise

US equities declined for a third consecutive session on Wednesday after September consumer inflation accelerated more than expected, raising concerns that the Federal Reserve could keep interest rates elevated or tighten policy further.

The S&P 500 fell 1.11 percent to 7,718.94, recording its steepest one-day decline since July 29. The Nasdaq Composite plunged 1.88 percent to 26,692.87, its biggest daily fall since July 23, while the Dow Jones Industrial Average slipped 0.09 percent to 51,621.48.

Technology and other growth stocks, which had been among the biggest gainers of 2026, came under particularly heavy selling pressure as expectations of further interest-rate increases weighed on valuations.

US inflation accelerates to 3.7 percent

US consumer price inflation rose to 3.7 percent year-on-year in September, up from 3.4 percent in August and above market expectations of 3.6 percent.

Ponmudi R, CEO of Enrich Money, said the stronger inflation reading had worsened market sentiment and reinforced concerns that US interest rates could remain elevated for longer, putting pressure on richly valued growth and technology stocks.

Brent slips below $105 but Middle East supply risks persist

Crude oil prices declined on Thursday after rising in the previous session, although concerns over Middle East supplies continued to keep prices elevated. Brent crude fell 1.1 percent to $104.94 a barrel, while West Texas Intermediate declined 1.2 percent to $93.91 a barrel.

Ponmudi said the Middle East crisis continued to disrupt oil flows, with the risk of prolonged supply constraints keeping crude prices elevated and inflationary pressures in focus.

Report prepared by Shaleen Agrawal 

Source:Network18

Disclaimer: The views and investment tips expressed by experts here are their own and not those of us. We advise readers and Traders to check with certified experts before taking any investment decisions.

14/10/26, PostMarket REPORT

Indian benchmark indices witnessed profit booking on October 14 as rising crude oil prices and persistent foreign investor outflows weighed on sentiment.

After witnessing a muted first half, the market came under pressure in the afternoon session dragging Nifty to the day's low 22,558.95, however, some buying in IT, FMCG names help to trim the losses.

At close, the Sensex was down 251.89 points or 0.34 percent at 72,781.89, and the Nifty was down 99.25 points or 0.44 percent at 22,622.70.

Among broader indices, the Nifty midcap and smallcap indices ended with marginal losses.

Shriram Finance, HDFC Life, Bajaj Finserv, Bajaj Finance, SBI Life Insurance were among top Nifty losers, while gainers were Infosys, Nestle, Tech Mahindra, Tata Consumer and Coal India.

Among sectors Information Technology, Energy, Oil & Gas, Media and FMCG up 0.5-1 percent, while Auto, Metal, Pharma, Realty, Private Bank down 0.5-1.7 percen

Among individual stocks, Hero Motors shares rose 2 percent and Tata Elxsi gained 5 percent after reporting strong Q2 earnings. Ahluwalia Contracts India added 2 percent after securing an order worth Rs 310 crore in Greater Noida.

Bharat Coking Coal jumped 4 percent after increasing prices of select raw coking coal grades, Den Networks declined more than 3 percent as Q2 revenue fell year-on-year. Bank of Baroda shed 3.5 percent after BR Shetty sought $15 billion in damages from the lender and 25 other defendants.

Among other stocks, SS Retail surged 9 percent, while Anand Rathi Share and Stock Brokers fell 5 percent following their Q2 results.

Transformers and Rectifiers India jumped 14 percent after reporting a 135.3 percent year-on-year surge in Q2 profit. GTPL Hathway fell 4 percent after reporting a Q2 loss.

The Indian rupee erased some of its intraday gains and ended 13 paise higher at 95.15 per dollar, compared with the previous close of 95.28.

Outlook for October 15

Shrikant Chouhan, Head Equity Research, Kotak Neo

Today, benchmark indices witnessed profit booking at higher levels. The Nifty ended 99 points lower, while the Sensex was down by 252 points. Among the sectors, the Energy index gained the most, rallying nearly 1.5 percent, while the Pharma and Healthcare indices shed over 1 percent.

Technically, after a muted open, the market faced resistance near 22,750/73200 and reversed sharply. It also formed a bearish candle on the daily chart. We believe 22,500/72500 and 22,450/72300 remain strong support levels for the market. As long as the market trades above these levels, a pullback is likely to continue.

On the upside, 22,750–22,800/73200-73500 will act as a key resistance zone for the bulls. A successful breakout above 22,800/73500 could push the market toward 23,000/74000. Conversely, a fall below 22,450/72300 would make the uptrend vulnerable. Below this level, traders may consider exiting their long positions.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

On Wednesday, Nifty traded within a range of nearly 200 points, marking the narrowest trading range in the past four sessions. Following the previous session's short-covering rally, the index attempted to extend its gains but failed to sustain the momentum and closed 0.43% lower. Nifty has been consolidating for the past 11 trading sessions, witnessing volatile swings on both sides. On the daily timeframe, the index formed a bearish-bodied candle with upper and lower wicks, indicating indecision and a lack of clear directional conviction amid continued volatility.

Going forward, the 22500–22480 zone could act as immediate support. A decisive break below this zone could revive downside momentum towards 22330. On the upside, 22770–22800 could act as an immediate hurdle. A sustained move above this zone could extend the pullback rally towards 22950. Until a decisive breakout emerges, the index is likely to remain range-bound, with the broader structure still cautious.

Written by Rakesh Patil

Source: Network18 

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