Nifty may reclaim 25,500 levels says Religare Broking

By Ajit Mishra 

The markets remained under pressure for the third consecutive week, losing nearly half a percent as the corrective phase continued. While the benchmark indices initially showed signs of recovery, persistent selling by FIIs and a lackluster start to the earnings season weighed on sentiment, turning the bias negative. 

A recovery in banking majors during the final session helped pare some losses, but both the Nifty and Sensex closed lower, at 24,854.05 and 81,224.7, respectively.

Sector Wise Performance

Sector performance was mixed, with banking, financials, and realty posting decent gains, while auto, metals, and FMCG sectors were the top losers. The broader indices reflected a similar trend, as the midcap index lost nearly a percent while smallcap closed slightly positive.

Also Read Nifty Breaks 6 days losing streak! Here’s what to watch for trade on October 09? All eyes on RBI Policy, Senco Gold, Bharti Airtel, IRFC Meet Swiggy co-founder and CEO Sriharsha Majety – He has a net worth of Rs 1400 crore; know about his career, education, and monthly salary Devara Box Office Advance Booking: Jr NTR’s film set to reach Rs 100 crore gross opening globally after selling 11.6 lakh tickets Bengal CM Mamata blames DVC for flood crisis, claims repeated appeals to Centre ignored

In the absence of any major triggers, market participants will focus on upcoming earnings for direction. First, they will react to the results of banking heavyweights such as HDFC Bank and Kotak Bank. Later, companies like ITC, Hindustan Unilever, ICICI Bank, BPCL, HPCL, and Ultratech Cement will also announce their earnings.

On the economic front, key high-frequency data such as the HSBC Composite PMI, HSBC Manufacturing PMI, and HSBC Services PMI are expected.

Despite the ongoing positivity in the US markets, the Indian markets have been largely unresponsive, a divergence likely to persist due to continued foreign fund outflows. Any change in the fund flow pattern would also be on the participants’ radar.

Key Levels To Watch On Nifty

Technically, Nifty may see some consolidation following three weeks of declines, but the outlook is likely to stay negative unless it decisively reclaims the 25,150 level. A sustained move above this could fuel a rebound, pushing the index towards the 25,500 zone.

 » Read More

Related Articles

Big relief coming for taxpayers: THESE low-value income tax cases to be dropped soon

The central government is continuously working to simplify and streamline the tax system, aiming to reduce disputes. In this direction, Union Finance Minister Nirmala Sitharaman has reportedly given strict instructions to the Central Board of Direct Taxes (CBDT) to identify all departmental tax appeals involving amounts less than the “revised monetary limit announced by the

From Sona Comstar to Ambanis: Top legacy battles of corporate India’s billionaire families

An increasingly bitter inheritance dispute at the Rs 30,000 crore-valued Sona Comstar Group has brought late industrialist Sunjay Kapur’s family into the spotlight. Kapur’s mother, Rani Kapur, has accused unnamed individuals of attempting to wrest control of the family-run business. In a letter, Rani alleged that she had been locked in a room and forced

HDFC Bank vs. Kotak vs. Axis: A head-to-head battle of the Q1 bank results

Leading private sector banks like HDFC Bank had earlier reported an improved performance in the June 2025 quarter and investors were keenly awaiting the results of Kotak Mahindra Bank. The Kotak Mahindra Bank stock ended Friday’s trade 0.8 % lower at Rs 2,125 and it is not too far from its 52-week high of Rs

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Big relief coming for taxpayers: THESE low-value income tax cases to be dropped soon

The central government is continuously working to simplify and streamline the tax system, aiming to reduce disputes. In this direction, Union Finance Minister Nirmala Sitharaman has reportedly given strict instructions to the Central Board of Direct Taxes (CBDT) to identify all departmental tax appeals involving amounts less than the “revised monetary limit announced by the

From Sona Comstar to Ambanis: Top legacy battles of corporate India’s billionaire families

An increasingly bitter inheritance dispute at the Rs 30,000 crore-valued Sona Comstar Group has brought late industrialist Sunjay Kapur’s family into the spotlight. Kapur’s mother, Rani Kapur, has accused unnamed individuals of attempting to wrest control of the family-run business. In a letter, Rani alleged that she had been locked in a room and forced

HDFC Bank vs. Kotak vs. Axis: A head-to-head battle of the Q1 bank results

Leading private sector banks like HDFC Bank had earlier reported an improved performance in the June 2025 quarter and investors were keenly awaiting the results of Kotak Mahindra Bank. The Kotak Mahindra Bank stock ended Friday’s trade 0.8 % lower at Rs 2,125 and it is not too far from its 52-week high of Rs

Union Bank of India waives minimum balance charges for savings accounts from THIS date

Public sector bank Union Bank of India on Friday announced waiving penalty charges for not maintaining the minimum balance amount in general savings accounts. The direction is effective from the quarter ending September 2025. “In alignment with the spirit of financial inclusion and customer-centric banking, Union Bank of India now waives charges for non-maintenance of

Bajaj Finserv Q1FY26: 30% rise in net profit but emerging businesses report net loss- 5 key highlights

Bajaj Finserv on Thursday reported a 30 per cent year-on-year rise in consolidated net profit at Rs 2,789 crore for the first quarter of FY26, compared to Rs 2,138 crore in the same period last year. However, its lending arm Bajaj Finance has reported a decline in asset quality. Bajaj Finserv: Revenue rises 12.5 per