The US Supreme Court is currently evaluating President Trump’s use of emergency powers to impose sweeping tariffs, with justices from both conservative and liberal wings expressing skepticism.
Trump’s tariff policy has far-reaching effects on the global supply chain, including significant impacts on India’s IT, export, and energy sectors.
The tariffs, enacted via the 1977 International Emergency Economic Powers Act (IEEPA), have been ruled illegal by lower courts, citing that only Congress has the power to regulate commerce.
The Supreme Court’s final ruling could force a refund of billions collected in tariffs and would create substantial uncertainty and operational chaos for US businesses as well as global partners like India.
If struck down, trade experts believe the US may retain some tariffs through other channels, but the immediate impact would be a reduction in barriers, benefiting export-driven Indian companies.
Expect continued volatility until the ruling; short-term instability could be followed by longer-term export gains for India if tariffs are reduced.
On the previous trading day, foreign investors (FIIs) were net sellers, offloading about ₹3,600 crore, continuing a trend of foreign outflows.
Domestic institutional investors (DIIs) stepped up as buyers, with net purchases of ₹4,800 crore.
This FII vs. DII dynamic is shaping India’s market resilience, helping to cushion sell-offs, but upward moves face resistance.
The Nifty 50 closed down 88 points at 25,510, pressured by weak global cues.
Metals, power, and real estate stocks were the biggest laggards, losing between 1.5% and 2.5% on the day.
India’s IT sector showed small gains, and select blue-chip stocks like Reliance and Asian Paints remained stable.
The rupee remained steady and did not show significant volatility.
Gift Nifty futures dropped by around 100 points overnight, suggesting Nifty will open weaker and that domestic buyers may hesitate to defend support levels at the open.
Key Nifty support: 25,500 to 25,450; if broken decisively, further downside to 25,300 is likely, coinciding with technical support and significant option interest.
Resistance: 25,600–25,800; overall technicals show bearish patterns with lower highs and lower lows, warranting caution.
Bank Nifty watch: Support at 57,400–57,000; resistance at 58,500.
Crude oil stays stable near $60 per barrel, gold hovers around $4,000, and silver is around $48, with no major disruptions.
Base metals remain supported globally.
The bias for the day is to the downside, reflecting global nervousness and persistent foreign selling pressure.
It is wise to avoid chasing rallies at the open; strength above 25,500 should be used for selling.
Real buying should wait until there is confirmation of support holding at 25,450; if this level breaks, next support is 25,300–25,275.
Conservative positioning is recommended until clarity emerges, especially with the Supreme Court’s US tariff ruling pending.
The market is set for a weak open, but historically, periods of weakness have created opportunities for disciplined investors.
Stay tuned for evening updates for a detailed analysis of market behavior and positioning for the week ahead.
Indian Stock Market Summary – November 6, 2025
Market Close: Nifty Fifty closed at twenty-five thousand five hundred nine, down eighty-eight points; Sensex fell one hundred forty-eight points to eighty-three thousand three hundred eleven; Bank Nifty declined two hundred seventy-three points to fifty-seven thousand five hundred fifty-four. Indian rupee ended at eighty-eight point six one per dollar, showing marginal strength but remaining near recent lows around eighty-eight point ninety. Overall sentiment remained cautious with broad-based weakness across sectors driven by continued foreign institutional investor selling and mixed corporate results. -
Top Performers: Asian Paints surged over five percent as the leading gainer, driven by rival executive resignation, MSCI index weightage increase bringing ninety-five million dollars of flows, and lower crude oil prices; Reliance Industries, Adani Ports, and Mahindra climbed between one to two percent. -
Top Losers: Power Grid Corporation fell two point two percent, Eternal dropped one percent, and Bharti Airtel lost nearly one percent, with broader selling in metals, autos, and IT stocks. Foreign institutional investors sold one thousand sixty-seven crore rupees of shares while domestic institutional investors purchased one thousand two hundred three crore rupees. -
Technical Levels: Nifty Fifty held above critical twenty-five thousand five hundred support but closed below its twenty-day exponential moving average; immediate resistance at twenty-five thousand seven hundred to twenty-five thousand eight hundred; Bank Nifty consolidated within fifty-seven thousand three hundred to fifty-eight thousand five hundred range. -
Sectors: All sectors ended in red with FMCG showing relative strength; IT, metals, autos, power, and banking indices fell between zero point five to one percent. -
Regulatory News: SEBI expanded IPO anchor book size to forty percent from thirty-three percent effective November thirtieth and is reviewing brokerage fee caps for mutual funds with public comments due by November seventeenth. - Commodities: Crude oil advanced fifteen rupees to five thousand three hundred twenty-six rupees per barrel; MCX gold climbed one hundred eighty-one rupees to one lakh twenty thousand seven hundred three rupees per ten grams; MCX silver surged three hundred sixty rupees to one lakh forty-seven thousand six hundred eighty-one rupees per kilogram. -
Geopolitical Context: Asian markets rallied with Hong Kong up one point eight two percent and Japan's Nikkei up one point four percent; US markets closed higher with Dow Jones advancing zero point four eight percent, supported by Federal Reserve rate cut signals. -
Tomorrow's Outlook: Nifty needs to sustain above twenty-five thousand six hundred to trigger short covering toward twenty-five thousand eight hundred fifty to twenty-six thousand; breakdown below twenty-five thousand four hundred fifty risks decline to twenty-five thousand one hundred thirty; Bank Nifty expected to consolidate with key resistance at fifty-eight thousand four hundred and support at fifty-seven thousand five hundred. -
Trading Tip: Quality large-caps showing strength like Asian Paints offer better buying opportunities at support levels rather than chasing higher prices; maintain strict stop-losses with Nifty twenty-five thousand four hundred as key technical level.
Wall Street Overnight Recap: S&P five hundred climbed point four percent to sixty-seven ninety-six, Dow Jones added point five percent to forty-seven thousand three hundred eleven, and Nasdaq rose point six percent to twenty-three thousand four hundred ninety-nine, driven by strong October private payroll data showing forty-two thousand new jobs. Tech stocks rebounded with Advanced Micro Devices jumping over two percent on earnings beats, while McDonald's surged on Snack Wrap sales success and Axon Enterprise stumbled on weak profit guidance. Supreme Court justices expressed significant skepticism over Trump's tariff authority, potentially reshaping trade policy outlook.
Indian ADR Performance: Infosys traded at sixteen dollars thirty-one cents, up point one two percent; HDFC Bank at thirty-six dollars twenty-eight cents, up point eleven percent; ICICI Bank essentially flat at thirty dollars forty-one cents; and Wipro at two dollars fifty-nine cents, up point five eight percent—all showing muted moves reflecting cautious overseas investor sentiment on Indian blue-chips.
Asian Markets & Gift Nifty: Nikkei two hundred twenty-five surged one point four five percent, Kospi jumped two point five percent, and ASX two hundred rose point five eight percent, showing regional strength. Gift Nifty trading at twenty-five thousand seven hundred fifty-four (up sixty-six points) suggests marginally positive to flat opening for Nifty fifty, with key support at twenty-five thousand six hundred.
Key Global News & Geopolitics: Supreme Court skepticism over Trump tariffs could unwind trade policy uncertainty; fresh US sanctions on Russian oil producers have slashed seaborne exports to January lows, providing support to crude prices despite global oversupply concerns.
Indian Market Headlines & Pre-Open Cues: FII outflows of one thousand one hundred sixty crore rupees offset by domestic institutional inflows of one thousand forty-two crore; RBI intervention strengthened rupee by twenty-two paise to its strongest since October sixteenth. Key events today include LIC and Ola Electric Q two earnings, Lenskart Solutions listing, and Groww IPO subscription continuing.
Technical Levels – Trading Setups: Nifty fifty support at twenty-five thousand six hundred to twenty-five thousand four hundred, resistance at twenty-five thousand eight hundred; Bank Nifty support at fifty-seven thousand three hundred to fifty-seven thousand four hundred fifty, resistance at fifty-eight thousand two hundred fifty to fifty-eight thousand three hundred fifty.
Commodity Market Summary: Crude oil holding at sixty to sixty point five dollars per barrel; Brent crude at sixty-four and a half dollars; gold up to twelve thousand forty-eight rupees per ten grams (up seventy points); silver steady at forty-seven to forty-eight dollars per troy ounce; copper stable around one thousand rupees per kilogram in India.
Actionable Idea or Day Plan: Expect range-bound to marginally positive opening; quality banking and IT names offer buy-on-dip opportunities on consolidation; traders should exercise caution on moves above twenty-five thousand eight hundred without strong volume support as market remains in consolidation post-correction.
The Indian stock market closed in the red on Tuesday as profit-booking and cautious global sentiment weighed on investor confidence, with the Nifty fifty slipping zero point six four percent to twenty-five thousand five hundred ninety-eight and the Sensex declining zero point six two percent to eighty-three thousand four hundred fifty-nine. The rupee strengthened to eighty-eight point sixty-five against the US dollar, providing some relief after recent weakness. Top gainers included Titan Company, which surged two point three percent on impressive quarterly earnings, and Hitachi Energy India, which jumped thirteen point five two percent following a five hundred percent profit surge, while Power Grid Corporation, Eternal, and Adani Enterprises emerged as the day's biggest losers amid broad-based selling pressure. Metals and IT sectors underperformed due to soft global demand and tech sector concerns, though telecom and consumer durables showed defensive resilience. SEBI announced regulatory changes to strengthen risk management and brokerbroker oversight following recent MCX technical disruptions, impacting market infrastructure sentiment. Commodity markets saw gold prices ease to one hundred twenty thousand nine hundred thirty-two rupees per ten grams and silver decline to one hundred forty-six thousand three hundred five rupees per kilogram, while crude oil softened to sixty dollars and seven cents per barrel as OPEC plus signaled a production pause from January. Geopolitical tensions in the Middle East and Iran-US friction remained in focus, maintaining cautious sentiment as traders watch for stabilization signals ahead of tomorrow's session.
Wall Street Recap :
Nasdaq up 0.5%, S&P 500 up 0.2%, Dow down 0.5%
Amazon's record high on $38B OpenAI cloud deal
Nvidia's 2% gain on UAE export permits
Kimberly-Clark/Kenvue M&A impact
Palantir's after-hours earnings beat
Indian ADR Performance: Mixed moves with:
Banking ADRs positive (HDFC +0.77%, ICICI +0.58%)
IT ADRs weak (Infosys -0.97%, Wipro -0.76%)
Asian Markets & Gift Nifty:
Asian markets cautious Tuesday morning
Japan's Nikkei down 0.4%, Korea's Kospi down 0.3%
Gift Nifty at 25,890 indicating steady opening
Monday's Chinese strength noted (Shanghai +0.6%, Hang Seng +1%)
Key Global News:
India faces 50% US tariffs vs China's 47%
US-India 10-year defence partnership signed
OPEC+ pausing Q1 2026 production hikes
China ends gold tax rebates impacting demand
Indian Market Headlines:
Nifty up 0.16%, Sensex up 0.05% on Monday
PSU banks and pharma led; IT/FMCG lagged
FII sold ₹1,884 cr; DII bought ₹3,516 cr
Key earnings today: SBI, M&M, Adani Ports, IndiGo
Groww IPO opens today at ₹95-100/share
Technical Levels:
Nifty support: 25,700 / 25,650 / 25,600
Nifty resistance: 25,800 / 25,900 / 26,100
Bank Nifty support: 58,000 / 57,800 / 57,500
Bank Nifty resistance: 58,250 / 58,365 / 58,500
Commodity Summary:
Crude: WTI at $61/barrel, Brent at $65
Gold: ~$4,015/oz (down from highs)
Silver: ~$49/oz
Both metals corrected but remain elevated YTD
Actionable Day Plan:
Range-bound trading likely (25,700-26,100)
Bank Nifty stronger; PSU banks in focus
IT stocks may face pressure
Caution ahead of major earnings
Weekly Nifty expiry adds volatility
Indian equities recovered from a two-day losing streak on November 3, 2025, with the Nifty fifty closing at twenty-five thousand seven hundred sixty-three, up zero point one six percent, while the Sensex gained zero point zero five percent to eighty-three thousand nine hundred seventy-eight, supported by strength in realty and PSU banking stocks that rose two point two three percent and one point nine two percent respectively. The Nifty Bank surged zero point five six percent as broader market indices also participated, with Midcap and Smallcap indices gaining zero point seven seven percent and zero point seven two percent. Key market drivers included a robust manufacturing PMI of fifty-nine point two for October signaling strong economic activity, Ambuja Cement's spectacular two hundred sixty-eight percent profit surge, Vodafone Idea's nine point two eight percent jump following a Supreme Court ruling on AGR dues, and commodity strength with crude oil and precious metals rising amid safe-haven demand and spot purchasing. While headline gainers like Shriram Finance and Tata Consumer Products posted strong gains, major laggards including Maruti Suzuki, ITC, TCS, and L&T saw profit-taking, and the rupee held steady around eighty-eight point three six against the US dollar, reflecting cautious optimism with traders and investors expecting further consolidation as the market digests ongoing earnings announcements and awaits clarity on policy direction and global trends.
Wall Street ended November on a positive note with the Dow Jones, S&P 500, and Nasdaq all climbing (up 0.09%, 0.26%, and 0.61% respectively), driven by Amazon's eleven percent surge on robust cloud revenue growth and the Fed's hawkish rate cut, while Indian markets snapped their four-week rally on Friday with the Nifty 50 closing at 25,722 down 0.60% amid profit booking in banking stocks and mixed performance in Indian ADRs (HDFC Bank down 1.79%, ICICI down 1.40%, Infosys down 0.42%, and Reliance flat); Gift Nifty is signaling a gap-down opening around 25,822 for Monday's session as easing US-China trade tensions, stable crude oil around sixty-five dollars per barrel, and potential FII inflows provide some support, though near-term technicals suggest caution with key Nifty support at 25,700 and 25,500 levels, making today a consolidation day best approached with selective stock picking in resilient sectors like PSU banks and IT.
On October thirty-first, twenty twenty-five, Indian equity markets closed in red territory with the Sensex falling four hundred and sixty-six points to eighty-three thousand nine hundred and thirty-nine and the Nifty fifty declining one hundred and fifty-six points to twenty-five thousand seven hundred and twenty-two, marking the second consecutive day of losses amid profit-booking after October's robust five percent monthly rally. The day's standout movers included strong gainers like Bharat Electronics, which surged four percent on impressive Q2 results with twenty-six percent revenue growth, alongside PSU banks like Union Bank of India that rallied over four percent following SEBI's significant regulatory overhaul of Bank Nifty, which increased the index constituents from twelve to fourteen and capped the top stock's weight at twenty percent to reduce concentration risk. On the downside, Eternal plummeted three point four-five percent while NTPC and Cipla each declined over two point five percent despite posting earnings. The Bank Nifty closed at fifty-seven thousand seven hundred and seventy-six amid broader banking sector weakness, while the rupee held steady around eighty-eight point seven-two against the dollar. Commodity markets saw gold and silver prices weaken on the MCX as the stronger US dollar and higher bond yields pressured precious metals, while crude oil continued its third monthly decline at sixty-three point ninety-seven dollars for Brent crude. From a technical perspective, the Nifty found support around twenty-five thousand seven hundred but faces key resistance at twenty-five thousand nine hundred and seventy, with traders advised to watch for SEBI's weight rebalancing flows into PSU banks and monitor the twenty-six thousand level as a critical threshold for the week ahead.
Wall Street closed mixed on Thursday with the Dow down zero point four-four percent, the S&P five hundred down zero point one-two percent, and the Nasdaq down one point six percent, following Fed Chair Powell's hawkish signal that December rate cuts are far from certain—though after-hours earnings from Apple and Amazon provided some relief. Indian ADRs opened cautiously with Infosys down one point four-two percent, ICICI Bank down zero point nine-three percent, and HDFC Bank down zero point three percent, though MakeMyTrip surged four point six-eight percent. Asian markets showed mixed performance with Japan's Nikkei up zero point one-two percent to fifty-one thousand three hundred sixty-seven, Hong Kong's Hang Seng up zero point six-eight percent, and Shanghai modestly higher on hopes that Trump-Xi trade talks would ease US-China tensions through tariff reductions. Gift Nifty is trading down forty-five points at twenty-six thousand one hundred ninety-three, signaling a cautious opening for Indian equities as investors navigate Fed uncertainty and profit-taking ahead of monthly derivatives expiry. Domestically, the Nifty fifty closed at twenty-five thousand eight hundred seventy-seven, down zero point six-eight percent, while the Orkla India IPO closes today and Lenskart Solutions opens for subscription, and technically the market faces resistance at twenty-five thousand nine hundred seventy with support at twenty-five thousand seven hundred ninety. Crude oil fell to sixty dollars and sixteen cents per barrel—the lowest in four months—while gold remains stable, and the overall trading tone for today is defensive consolidation with selective opportunities in utilities, pharma, and financial services.
India's stock market closed sharply lower on Thursday as risk-off sentiment prevailed following the US Federal Reserve's rate cut paired with hawkish guidance, signalling the end of the easing cycle for 2025. The Sensex declined five hundred ninety-three points to eighty-four thousand four hundred four, while the Nifty fifty fell one hundred seventy-six points to twenty-five thousand eight hundred seventy-eight, with Bank Nifty dropping three hundred fifty-four points to fifty-eight thousand thirty-one. Financial services, IT, auto, metal, pharma, and banking sectors all faced intense selling, with major losers including Bharti Airtel, PowerGrid, Tech Mahindra, Infosys, and Bajaj Finance. The rupee weakened significantly to eighty-eight point seventy against the US dollar, adding to export-focused stock weakness and market jitters. On the positive side, L&T, Bharat Electronics, Ultratech, Maruti Suzuki, Adani Ports, and Canara Bank managed gains, while mid-cap performers like IIFL Finance and Sagility rallied on strong earnings. Technically, Nifty struggled to sustain above the twenty-six thousand resistance zone with immediate support at twenty-five thousand nine hundred and a stronger base near twenty-five thousand eight hundred, while commodities saw mixed movement with MCX gold declining and crude oil weakening on weak global demand. The market breadth reflected the selling pressure with two thousand one hundred twenty-two BSE stocks declining against one thousand seven hundred seventy-seven gainers, though the Nifty MidCap managed a marginal positive close while the SmallCap index slipped marginally into negative territory.
Wall Street delivered mixed results Wednesday with the S&P 500 flat at 6,890, the Dow down 0.2% to 47,632, and the Nasdaq hitting a record high at 23,958, up 0.5%, as the Federal Reserve cut rates by 25 basis points but Chair Powell dampened hopes for a December cut due to government shutdown-induced data uncertainty. Nvidia surged over 5% toward $5 trillion valuation on massive AI chip bookings, while after-hours trading saw Alphabet jump 6% on strong cloud/ad revenue, Microsoft slip 3% on AI cost concerns, and Meta tumble 8% on elevated expense guidance. Indian ADRs showed mixed performance with Reliance up 1.39%, ICICI Bank up 0.39%, HDFC Bank flat at 0.03%, and Infosys marginally down 0.06%. Gift Nifty points to a positive opening at 26,134, up 148 points from Wednesday's close of 26,053, while Asian markets trade cautiously ahead of the crucial Trump-Xi meeting in South Korea that could reshape US-China trade relations. Key domestic cues include strong DII buying of ₹5,692 crores offsetting FII selling of ₹2,540 crores on October 29, RBI's dovish stance with GDP upgraded to 6.8%, two active mainboard IPOs (Orkla India and Studds Accessories), technical resistance for Nifty at 26,106-26,270 with support at 26,000-25,812, and commodities showing crude at $60.25 (down 0.21%), gold rallying 1.08% to ₹1,20,671 per 10 grams, and silver continuing its strong run at ₹152 per gram.
On Wednesday, October 29, 2025, Indian equity markets closed higher for the third consecutive session, with the Sensex gaining 369 points (0.44%) to settle at 84,977 and the Nifty 50 advancing 118 points (0.45%) to close at 26,053, while Bank Nifty added roughly 100 points to end near 58,270. The rally was led by oil & gas and metal stocks, which surged over 2% and 1.7% respectively, driven by softening crude oil prices and strong commodity fundamentals, with top gainers including NTPC, PowerGrid, Adani Ports, and notably Graphite India and Indian Oil Corporation hitting 52-week highs. Auto stocks lagged as the only sectoral loser. Market sentiment remained buoyed by positive cues from US-India trade talks, healthy Q2 corporate earnings from Adani Group and Varun Beverages, and anticipation of the US Federal Reserve's widely expected 25-basis point rate cut. Technically, Nifty faced resistance at the 26,050-26,100 zone but held support above 25,800, suggesting the uptrend remains intact with a break above 26,100 potentially triggering further gains. The rupee traded stable at 88.22 per dollar, MCX gold closed at ₹1,19,610 per 10 grams, and MCX silver at ₹1,44,876 per kilogram, while Orkla India's IPO opened for subscription amid continued optimism in capital markets.
On Wednesday, October Twenty-ninth, markets are poised for a cautiously positive open following Wall Street's record-setting performance overnight, with the Dow, S&P Five Hundred, and Nasdaq all closing higher driven by strong earnings from UPS, UnitedHealth, and PayPal, while Indian ADRs showed mixed results with HDFC Bank rising zero point nine eight percent but ICICI Bank slipping zero point seven four percent; Asian markets are consolidating with the Nikkei down slightly and the Hang Seng marginally positive, while Gift Nifty trading at twenty-six thousand one hundred fifty-six suggests a modest positive open for India. The broader sentiment remains constructive as Foreign Institutional Investors have turned net buyers after three months of selling, and the Federal Reserve's anticipated twenty-five basis point rate cut later today combined with tomorrow's critical Trump-Xi meeting in South Korea—where trade tensions and tariff negotiations will dominate discussions—provide significant catalysts for global and emerging markets. Domestically, the Orkla India IPO opens today with strong grey market demand, while major earnings from Larsen and Toubro and Coal India will guide sector momentum; technically, Nifty Fifty faces resistance at twenty-six thousand with key support at twenty-five thousand eight hundred fifty, while Bank Nifty continues outperforming at fifty-eight thousand two hundred fourteen. Commodities remain stable with crude oil steady around sixty dollars and gold showing weakness after recent record highs, suggesting investors adopt a selective approach to high-quality stocks while respecting key technical levels until we see decisive moves in either direction.
The Indian stock markets closed marginally lower on Tuesday, October twenty-eighth, twenty twenty-five, with the Sensex down one hundred fifty points at eighty-four thousand six hundred twenty-eight and the Nifty Fifty settling at twenty-five thousand nine hundred thirty-six, both losing around zero point one percent, while the Bank Nifty bucked the trend with a slight gain. Volatility marked the session with a smart recovery in the final half hour, as the Nifty consolidated between key levels of twenty-five thousand eight hundred and twenty-six thousand. PSU Bank and Metal indices led sectoral gains, surging over one percent on the back of IDBI Bank's nine percent rally amid strategic sale reports and steel stocks jumping nearly four percent on positive China cues, while Realty, IT, and Financial Services sectors underperformed. Top gainers included Tata Steel, L&T, and State Bank of India, whereas Trent, Tech Mahindra, and Bajaj Finserv led the losers. The Indian rupee remained under pressure near eighty-eight point two six against the dollar, hitting fresh yearly lows, while MCX gold and silver futures dropped nearly three percent after trading resumed following a technical outage. SEBI proposed easier norms for high-value debt listings, and the technical outlook remains bullish for Nifty above twenty-five thousand eight hundred support, with a close above twenty-six thousand potentially triggering fresh upside momentum.
US markets surged to record highs on Monday with the Dow gaining 337 points, the S&P 500 jumping to 6,875, and the Nasdaq climbing 1.86% to 23,637, driven by optimism around a potential US-China trade deal ahead of Thursday's Trump-Xi summit in South Korea. Asian markets followed suit, with Japan's Nikkei breaking above 50,000 for the first time, while Gift Nifty at 26,062 signals a modestly positive opening for Indian markets today. Indian ADRs showed mixed performance with banks gaining but IT stocks slipping, while FIIs have turned net buyers this October, pumping in over ₹6,480 crore after three months of selling. With today being the monthly F&O expiry, traders should expect heightened volatility—Nifty faces resistance at 26,000 with support at 25,900, while Bank Nifty has resistance at 58,224 and support at 58,000. The week ahead is packed with catalysts including the Fed's rate decision (98% probability of a 25 bps cut), Magnificent Seven earnings (Alphabet, Microsoft, Meta on Wednesday; Apple and Amazon on Thursday), and the crucial Trump-Xi meeting, making it a potentially pivotal period for markets through year-end.
Indian markets closed strongly on Monday, October twenty-seven, twenty twenty-five, with the Sensex surging five hundred sixty-seven points to eighty-four thousand seven hundred seventy-eight and the Nifty gaining one hundred seventy points to close at twenty-five thousand nine hundred sixty-six, both up point six seven percent. The rally was driven by optimism surrounding a potential US-China trade deal framework and softer US inflation data that fueled expectations of further Fed rate cuts. PSU Bank, Realty, Metal, and Oil & Gas sectors led the gains, while top performers included Bharti Airtel, SBI Life, and Reliance Industries. Vodafone Idea surged eleven percent after the Supreme Court allowed the Centre to reconsider its AGR dues. Technically, Nifty held support at twenty-five thousand seven hundred with resistance at twenty-six thousand, and a break above could trigger a move towards twenty-six thousand five hundred. Gold and silver prices declined on MCX as safe-haven demand weakened, while the rupee depreciated to eighty-eight point two four per dollar. The positive sentiment was bolstered by global cues including Japan's Nikkei crossing fifty thousand and Wall Street hitting record highs, with all eyes now on the Fed meeting scheduled for Wednesday where a twenty-five basis point rate cut is widely expected.
Wall Street Recap (October 24, 2025): Major indices hit record highs with Dow closing above 47,000 for the first time (+1.01% to 47,207.12), S&P 500 up 0.79% to 6,791.69, and Nasdaq up 1.15% to 23,204.87. Key drivers were better-than-expected inflation data (CPI at 3% vs expected 3.1%), Fed rate cut expectations, and strong earnings from Ford and Intel.
Indian ADR Performance: mixed performance with HDFC Bank up 0.82%, ICICI Bank up 0.35%, MakeMyTrip up 0.85%, while Infosys down 0.29%, Wipro down 0.74%.
Asian Markets: Expected positive opening on October 27 with US-China trade deal framework boosting sentiment. Gift Nifty around 25,865-25,869.
US-China Trade Deal: Major breakthrough over the weekend - framework agreement reached to avoid 100% tariffs, China to defer rare earth restrictions, resume soybean purchases. Trump-Xi meeting scheduled for October 30 in South Korea.
Indian Market Technical Levels: Nifty support at 25,700-25,500, resistance at 25,900-26,000. Bank Nifty support at 57,300-57,500, resistance at 58,000-58,300.
Commodities: Crude oil around $61.97/barrel (up after US sanctions on Russian oil firms), Gold at $4,098/oz (down from recent highs), Silver at $48.59/oz.
India-US Trade Deal: Very close to completion, most issues resolved, officials say "very near" to finalizing.
FII/DII Activity: FIIs turned net buyers on October 24 with Rs 621.51 crore inflow after previous day's selling. DIIs supportive with Rs 173.13 crore inflow.
IPOs: Jayesh Logistics IPO opening October 27-29, Orkla India (MTR Foods parent) IPO opening October 29-31.
India's equity markets closed lower on Friday, October 24th, 2025, with the Sensex declining 345 points to 84,211.88 (-0.41%) and Nifty50 falling to 25,795.15 (-0.37%), snapping a six-session winning streak amid profit-taking triggered by reports of a fresh US probe into China's trade compliance and Commerce Minister Piyush Goyal's cautious stance on India-US trade negotiations that dampened early pact hopes. Nifty Metal (+1.03%) and Oil & Gas (+0.2%) led sector gains, while FMCG (-0.75%) and PSU Banks (-0.74%) posted the steepest losses, with midcap and smallcap indices also closing in the red. Key gainers included ICICI Bank, Bharti Airtel, BEL, and Sun Pharma, while HUL, Adani Ports, UltraTech Cement, and Titan led losses; notably, Motilal Oswal Financial Services surged 17% in October to hit record highs, and Vodafone Idea reclaimed a ₹1 trillion market cap. The Indian Rupee closed near a two-month high at 87.84/USD, while commodities saw mixed action with gold slipping sharply but maintaining long-term strength, silver rebounding within a ₹47.80-50.50 range, and crude oil firming on fresh US sanctions against Russian producers; Orkla India's ₹1,667.54 crore IPO opens next week alongside three other new listings. Nifty faces near-term resistance at 25,850 with potential for a rally if levels hold, though short-term volatility is expected as traders digest mixed global cues and geopolitical tensions.
US equity markets rallied strongly overnight with the Dow, S&P five hundred, and Nasdaq posting gains between zero point three to zero point nine percent, driven by optimism surrounding the upcoming Trump-Xi summit scheduled for October thirtieth and a surge in tech stocks. Indian ADRs showed mixed performance with Infosys up zero point three four percent and Roadzen surging eleven point two nine percent, while banking ADRs faced pressure with ICICI Bank and HDFC Bank declining around two percent each. Gift Nifty is currently trading around twenty-six thousand forty, indicating a positive opening of approximately one hundred points from yesterday's Nifty close of twenty-five thousand eight hundred ninety-one, suggesting Indian markets will extend their winning streak to a seventh consecutive session. Asian markets are trading higher this morning following Wall Street's lead, with improved risk sentiment on trade deal hopes. Crude oil prices surged over five percent to around sixty-two dollars per barrel for WTI following fresh US sanctions on Russia's major oil producers Rosneft and Lukoil, while gold prices rose over one percent to one hundred twenty-four thousand rupees per ten grams on safe-haven demand. On the domestic front, IT stocks remain in focus after yesterday's two percent rally led by Infosys, HCL Tech, and TCS on optimism around a potential India-US trade deal that could reduce tariffs from fifty percent to fifteen to sixteen percent. Technically, Nifty faces immediate resistance at twenty-five thousand nine hundred fifty to twenty-six thousand, with support at twenty-five thousand seven hundred eighty, while Bank Nifty, which hit a fresh record high yesterday at fifty-eight thousand five hundred fifty-five, has support at fifty-seven thousand nine hundred.
Indian equity markets extended their winning streak to six sessions on Thursday, October twenty-third, with the Sensex closing one hundred thirty points higher at eighty-four thousand five hundred fifty-six and Nifty gaining twenty-three points to end at twenty-five thousand eight hundred ninety-one, though both indices surrendered most of their intraday gains after hitting fresh fifty-two-week highs. The IT sector led the rally with Infosys surging four percent after promoters opted out of the eighteen thousand crore rupee buyback, while TCS and HCL Tech gained over two percent each on optimism around a potential India-US trade deal that could slash tariffs from fifty percent to fifteen to sixteen percent. Textile and shrimp exporters witnessed explosive gains, with Vardhman Textiles rallying eleven percent and Apex Frozen Foods jumping thirteen percent on trade deal hopes. However, broader markets turned negative with Oil and Gas stocks declining on concerns over fresh US sanctions on Russian oil companies, which could increase India's crude import costs. Gold rebounded nearly one percent on MCX to one lakh twenty-two thousand seven hundred seventy rupees per ten grams, while silver advanced to one lakh forty-six thousand fifty rupees per kilogram. Technically, Nifty faces resistance at twenty-six thousand with critical support at twenty-five thousand eight hundred, and the market is likely to consolidate before any decisive breakout, with foreign inflows and trade deal optimism supporting sentiment despite global uncertainties.