
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.