NIFTY Auto

The broader indices' performance remained mixed this week as the mid- and large-cap indices rose 1.5 percent each, while the small-cap index ended on a flat note, underperforming the main indices.

For the week, the  BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82, and the Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35.

After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors (FIIs) turned net buyers this week as they bought equities worth Rs 2,975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in the 25th week, as they purchased equities worth Rs 8,391.11 crore.

Among sectors, Nifty Capital Market and IT indices remained top performers with a 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, and Nifty Pharma up 2 percent each. However, the Nifty Media index shed nearly 3 percent.

"In the last week, the benchmark indices continued their positive momentum. The Nifty ended 1.57 percent higher, while the Sensex was up by 1290 points. Among sectors, the Capital Market and IT indices outperformed, with the Capital Market gaining 5.20 percent and the IT index rallying 4.80 percent, whereas the Media index lost the most, shedding 2.75 percent," said Amol Athawale, VP Technical Research, Kotak Securities.

"During the week, the market successfully cleared the 25,000/81700 mark, and post-breakout, it intensified its positive momentum. Technically, it has formed a long bullish candle on the weekly charts and is also trading above the 20-day SMA (Simple Moving Average), which is largely positive. We are of the view that the 20-day SMA and the 25,000/ 81700 level will act as crucial support zones for short-term traders."

"As long as the market is trading above 25,000/81700, the uptrend is likely to continue. On the higher side, the market could rally to 25,450–25,500/82900-83100. Further upside may also continue, potentially lifting the index up to 25,700/83700. Conversely, if the market falls below 25,000/81700, the uptrend would become vulnerable. Below this level, traders may prefer to exit their long positions," Athawale said.

"For Bank Nifty, the short-term trend is positive. For trend-following traders, 56,200 and 55,800 would act as key support zones. On the higher side, 57,000 and 57,500 could serve as crucial resistance levels for the bulls," he added.

The BSE Small-cap index ended flat. Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, South Indian Bank were up between 15-41 percent. However, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, Praveg fell between 10-22 percent.

<img class="alignnone size-full wp-image-13610303" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011052457_Untitled.png" alt="Untitled" width="771" height="805" />

Where is Nifty50 headed?

Ajit Mishra – SVP, Research, Religare Broking

Technically, the Nifty is once again approaching its trendline resistance around 25,450, with immediate support now placed near 25,000. A decisive breakout above this hurdle could further reinforce the recovery and open the path toward the June highs near 25,669.

We expect rotational buying across key sectors to continue providing trading opportunities; however, traders should emphasize prudent risk management given the likely volatility during the ongoing earnings season.

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty remained strong on Friday as it broke out of the recent consolidation range. The trend continues to stay positive as it is sustaining above the critical moving average.

The setup looks favorable for a further rise in the short term. Any dip would provide a good opportunity to enter long trades.

On the higher end, the Nifty may move towards 25,500–25,550, while on the lower end, support is placed at 25,150. A fall below 25,150 could weaken the trend slightly.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

Nifty on the weekly chart formed a long bull candle that has almost engulfed the upper area of the long bear candle of September end. We also observe bullish higher highs and lows formations as per the weekly timeframe chart.

The underlying trend of the market remains positive. Nifty is expected to advance towards the important resistance of around 25400-25450 levels (previous swing high of 18th Sept and the down-sloping trend line) by next week. Immediate support is placed at 25150.

Sudeep Shah, Head - Technical Research and Derivatives at SBI Securities

The index is now just 0.64% below its previous swing high of 25449, made on 18th September, highlighting the potential for further upside. On the weekly chart, Nifty closed above the 20-week EMA and above the previous week’s high of 24905, reflecting underlying strength.

Technical indicators are also supportive. RSI, after turning flat, has resumed its upward trajectory and closed above 60, indicating bullish momentum with room for further gains. MACD remains above the signal line and zero line with green histogram bars, suggesting sustained buying pressure and continuation of the uptrend in the near term.

Looking at key levels, the 25,400–25,450 zone will act as an immediate resistance for the Index. If the index manages to give a follow-through move above the level of 25,450, the pullback can continue further till the 25,600 level. While on the downside, the zone of 25,200-25,150 will act as a crucial support for the Index.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

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Use of Artificial Intelligence

Small caps rise up to 41% despite muted index return

For the week, the  BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82, and the Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35.

The broader indices' performance remained mixed this week as the mid- and large-cap indices rose 1.5 percent each, while the small-cap index ended on a flat note, underperforming the main indices.

For the week, the  BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82, and the Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35.

After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors (FIIs) turned net buyers this week as they bought equities worth Rs 2,975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in the 25th week, as they purchased equities worth Rs 8,391.11 crore.

Among sectors, Nifty Capital Market and IT indices remained top performers with a 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, and Nifty Pharma up 2 percent each. However, the Nifty Media index shed nearly 3 percent.

&quot;In the last week, the benchmark indices continued their positive momentum. The Nifty ended 1.57 percent higher, while the Sensex was up by 1290 points. Among sectors, the Capital Market and IT indices outperformed, with the Capital Market gaining 5.20 percent and the IT index rallying 4.80 percent, whereas the Media index lost the most, shedding 2.75 percent,&quot; said Amol Athawale, VP Technical Research, Kotak Securities.

&quot;During the week, the market successfully cleared the 25,000/81700 mark, and post-breakout, it intensified its positive momentum. Technically, it has formed a long bullish candle on the weekly charts and is also trading above the 20-day SMA (Simple Moving Average), which is largely positive. We are of the view that the 20-day SMA and the 25,000/ 81700 level will act as crucial support zones for short-term traders.&quot;

&quot;As long as the market is trading above 25,000/81700, the uptrend is likely to continue. On the higher side, the market could rally to 25,450–25,500/82900-83100. Further upside may also continue, potentially lifting the index up to 25,700/83700. Conversely, if the market falls below 25,000/81700, the uptrend would become vulnerable. Below this level, traders may prefer to exit their long positions,&quot; Athawale said.

&quot;For Bank Nifty, the short-term trend is positive. For trend-following traders, 56,200 and 55,800 would act as key support zones. On the higher side, 57,000 and 57,500 could serve as crucial resistance levels for the bulls,&quot; he added.

The BSE Small-cap index ended flat. Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, South Indian Bank were up between 15-41 percent. However, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, Praveg fell between 10-22 percent.



Where is Nifty50 headed?

Ajit Mishra – SVP, Research, Religare Broking

Technically, the Nifty is once again approaching its trendline resistance around 25,450, with immediate support now placed near 25,000. A decisive breakout above this hurdle could further reinforce the recovery and open the path toward the June highs near 25,669.

We expect rotational buying across key sectors to continue providing trading opportunities; however, traders should emphasize prudent risk management given the likely volatility during the ongoing earnings season.

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty remained strong on Friday as it broke out of the recent consolidation range. The trend continues to stay positive as it is sustaining above the critical moving average.

The setup looks favorable for a further rise in the short term. Any dip would provide a good opportunity to enter long trades.

On the higher end, the Nifty may move towards 25,500–25,550, while on the lower end, support is placed at 25,150. A fall below 25,150 could weaken the trend slightly.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

Nifty on the weekly chart formed a long bull candle that has almost engulfed the upper area of the long bear candle of September end. We also observe bullish higher highs and lows formations as per the weekly timeframe chart.

The underlying trend of the market remains positive. Nifty is expected to advance towards the important resistance of around 25400-25450 levels (previous swing high of 18th Sept and the down-sloping trend line) by next week. Immediate support is placed at 25150.

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

The index is now just 0.64% below its previous swing high of 25449, made on 18th September, highlighting the potential for further upside. On the weekly chart, Nifty closed above the 20-week EMA and above the previous week’s high of 24905, reflecting underlying strength.

Technical indicators are also supportive. RSI, after turning flat, has resumed its upward trajectory and closed above 60, indicating bullish momentum with room for further gains. MACD remains above the signal line and zero line with green histogram bars, suggesting sustained buying pressure and continuation of the uptrend in the near term.

Looking at key levels, the 25,400–25,450 zone will act as an immediate resistance for the Index. If the index manages to give a follow-through move above the level of 25,450, the pullback can continue further till the 25,600 level. While on the downside, the zone of 25,200-25,150 will act as a crucial support for the Index.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

The market has been in a rather standstill mode in terms of real return for the last couple of quarters, at least. This puts pressure on us traders to pull gains out of our trades. While positional trades do not perform with a lack of movement, choppy range-bound markets do give us opportunities on an intraday basis.

The gains are smaller, and the trades are often, but it is better suited for a market with heavy mood swings. As they say, there must be a method to this madness. So, let us define the method using a critical Options data called Open Interest (OI).

What is OI?

OI refers to the number of contracts open. Unlike shares, where the total number of shares is known, Options contracts can be created without any such physical referencing. In simple words, when any new Buyer and Seller come together and create a trade, it creates an OI of 1 contract.

What is the significance of Options (Sellers) OI?

Options OI is created with the help of both the Buyer and the Seller. However, we all know Options are like Insurance policies. Here too, a buyer will pay a premium for some event happening (The Call buyer will want the event of a big bullish move). If that does not happen, the premium will turn to 0.

Extending this a bit further, an insurance policy can not exist without Insurance companies. Just like that, Options OI has Option Sellers more important counterpart than Buyers. Since Option Sellers are taking unlimited (better put, Unknown) risk to get a small premium, they are expected to have a better grip on the underlying stock or index’s expected movement.

We can say that the Strike with Maximum OI has a lot of Option Sellers. More Sellers = Stronger players believe in the trade they have taken.

How do we follow the Highest OI Strike Trade?

Call Option Seller’s View = Stock / Index should not go above the Strike Price (Opposite of Buyer’s view)

Put Option Seller’s View = Stock / Index should not go below the Strike Price

Now, that said, we can also say that the Highest OI Call Strike means Strong resistance, as most Option Sellers are of the opinion (Generally, this strike is higher than the current market price). Similarly, the Highest Put OI could mean strong support.

We can use this as an input for our Positional trading.

How to use it for Intraday Trading?

Just like any other support and resistance. Evidence that suggests, whenever such a highest Call OI (which is above the current price) or a highest Put OI (which is below the current price) is crossed, there is momentum. This is because many strong players are proven wrong by the market. This will lead to chaos, and chaos will lead to momentum.

How to Trade?

As soon as the highest Call OI strike is crossed, buy that Call with a stop loss a few points below the Strike Price. Similarly, as the highest Put OI strike is crossed by the Put with a stop loss few points above the Strike Price. I have seen the majority of such trades ending up in profit due to momentum supporting them.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Shubham Agarwal is a CEO &amp; Head of Research at Quantsapp Pvt. Ltd.

He has been into many major kinds of market research and has been a programmer himself in Tens of programming languages.

Earlier to the current position, Shubham has served for Motilal Oswal as Head of Quantitative, Technical &amp; Derivatives Research and as a Technical Analyst at JM Financial.

Use Options OI for intraday trading: Shubham Agarwal

The market has been in a rather standstill mode in terms of real return for the last couple of quarters, at least. This puts pressure on us traders to pull gains out of our trades. While positional trades do not perform with a lack of movement, choppy range-bound markets do give us opportunities on an intraday basis.

The gains are smaller, and the trades are often, but it is better suited for a market with heavy mood swings. As they say, there must be a method to this madness. So, let us define the method using a critical Options data called Open Interest (OI).

What is OI?

OI refers to the number of contracts open. Unlike shares, where the total number of shares is known, Options contracts can be created without any such physical referencing. In simple words, when any new Buyer and Seller come together and create a trade, it creates an OI of 1 contract.

What is the significance of Options (Sellers) OI?

Options OI is created with the help of both the Buyer and the Seller. However, we all know Options are like Insurance policies. Here too, a buyer will pay a premium for some event happening (The Call buyer will want the event of a big bullish move). If that does not happen, the premium will turn to 0.

Extending this a bit further, an insurance policy can not exist without Insurance companies. Just like that, Options OI has Option Sellers more important counterpart than Buyers. Since Option Sellers are taking unlimited (better put, Unknown) risk to get a small premium, they are expected to have a better grip on the underlying stock or index’s expected movement.

We can say that the Strike with Maximum OI has a lot of Option Sellers. More Sellers = Stronger players believe in the trade they have taken.

How do we follow the Highest OI Strike Trade?

Call Option Seller’s View = Stock / Index should not go above the Strike Price (Opposite of Buyer’s view)

Put Option Seller’s View = Stock / Index should not go below the Strike Price

Now, that said, we can also say that the Highest OI Call Strike means Strong resistance, as most Option Sellers are of the opinion (Generally, this strike is higher than the current market price). Similarly, the Highest Put OI could mean strong support.

We can use this as an input for our Positional trading.

How to use it for Intraday Trading?

Just like any other support and resistance. Evidence that suggests, whenever such a highest Call OI (which is above the current price) or a highest Put OI (which is below the current price) is crossed, there is momentum. This is because many strong players are proven wrong by the market. This will lead to chaos, and chaos will lead to momentum.

How to Trade?

As soon as the highest Call OI strike is crossed, buy that Call with a stop loss a few points below the Strike Price. Similarly, as the highest Put OI strike is crossed by the Put with a stop loss few points above the Strike Price. I have seen the majority of such trades ending up in profit due to momentum supporting them.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

<img class="size-full wp-image-13610205" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030322_bse-nsee_nifty-Sensex.jpg" alt="Market extended the winning run in the second consecutive week ended October 10 with Nifty reclaiming 25,300 amid positive global as well domestic cues including continues DII buying, ease in geopolitical risk, FII turning buyers, positive development in US-India trade talk, and positive start of the earnings season." width="1280" height="720" /> Market extended the winning run in the second consecutive week ended October 10 with Nifty reclaiming 25,300 amid positive global as well domestic cues including continues DII buying, ease in geopolitical risk, FII turning buyers, positive development in US-India trade talk, and positive start of the earnings season.

<img class="size-full wp-image-13610206" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030348_marketup_sensexup-Niftyup.jpg" alt="For the week, BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82 and Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35. " width="1280" height="720" /> For the week, BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82 and Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35.

<img class="size-full wp-image-13610209" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030635_sensex_nifty-marketup_sensexup-Niftyup.jpg" alt="The BSE Large-cap Index added 1.4 percent supported by Divis Laboratories, Max Healthcare Institute, HCL Technologies, LTIMindtree, Eternal, Swiggy, Infosys, Polycab India, Tata Consultancy Services, Tech Mahindra. However, losers were Jindal Steel, Tata Motors, Hyundai Motor India, Siemens Energy India, Waaree Energies." width="1280" height="720" /> The BSE Large-cap Index added 1.4 percent supported by Divis Laboratories, Max Healthcare Institute, HCL Technologies, LTIMindtree, Eternal, Swiggy, Infosys, Polycab India, Tata Consultancy Services, Tech Mahindra. However, losers were Jindal Steel, Tata Motors, Hyundai Motor India, Siemens Energy India, Waaree Energies.

<img class="size-full wp-image-13610210" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030703_stocks5.jpg" alt="BSE Mid-cap Index rose 1.5 percent supported by Sun TV Network, L&amp;T Finance, Aditya Birla Capital, Bank Of India, Aegis Vopak Terminals, National Aluminium Company, Fortis Healthcare. However, losers included Dixon Technologies, Hitachi Energy India, KPIT Technologies, Whirlpool of India." width="1280" height="720" /> BSE Mid-cap Index rose 1.5 percent supported by Sun TV Network, L&amp;T Finance, Aditya Birla Capital, Bank Of India, Aegis Vopak Terminals, National Aluminium Company, Fortis Healthcare. However, losers included Dixon Technologies, Hitachi Energy India, KPIT Technologies, Whirlpool of India.

<img class="size-full wp-image-13610211" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030733_sensex_stocks_nifty_stockmarket.jpg" alt="The BSE Small-cap index ended flat. Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, South Indian Bank were up between 15-41 percent. However, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, Praveg fell between 10-22 percent." width="1280" height="720" /> The BSE Small-cap index ended flat. Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, South Indian Bank were up between 15-41 percent. However, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, Praveg fell between 10-22 percent.

<img class="size-full wp-image-13610212" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030806_market_flat.jpg" alt="Among sectors, Nifty Capital Market and IT indices remained top performers with 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, Nifty Pharma up 2 percent each. However, Nifty Media index shed nearly 3 percent." width="1280" height="720" /> Among sectors, Nifty Capital Market and IT indices remained top performers with 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, Nifty Pharma up 2 percent each. However, Nifty Media index shed nearly 3 percent.

<img class="size-full wp-image-13610213" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030852_sensex_nifty_stock-stocks_stock.jpg" alt="During the week, Tata Consultancy Services added the most in terms of market value, followed by Infosys, HCL Technologies, Bharti Airtel. On the other hand, Tata Motors Trent, Hindustan Unilever, lost the most of their market-cap" width="1280" height="720" /> During the week, Tata Consultancy Services added the most in terms of market value, followed by Infosys, HCL Technologies, Bharti Airtel. On the other hand, Tata Motors Trent, Hindustan Unilever, lost the most of their market-cap

<img class="size-full wp-image-13610214" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030917_sensex_nifty_stocknew.jpg" alt="After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors' (FIIs) turned net buyers in this week as they bought equities worth Rs 2975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in 25th week, as they purchased equities worth Rs 8,391.11 crore." width="1280" height="720" /> After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors' (FIIs) turned net buyers in this week as they bought equities worth Rs 2975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in 25th week, as they purchased equities worth Rs 8,391.11 crore.

<img class="size-full wp-image-13596284" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251003120750_rupee-cash-currency.jpg" alt="Indian rupee ended 9 paise higher at 88.69 per dollar on October 10 against the October 3 closing of 88.78. During the week the Indian rupee traded in the range of 88.79-88.50." width="1280" height="720" /> Indian rupee ended 9 paise higher at 88.69 per dollar on October 10 against the October 3 closing of 88.78. During the week the Indian rupee traded in the range of 88.79-88.50.

Among sectors, Nifty Capital Market and IT indices remained top performers with 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, Nifty Pharma up 2 percent each. However, Nifty Media index shed nearly 3 percent.

Market extended the winning run in the second consecutive week ended October 10 with Nifty reclaiming 25,300 amid positive global as well domestic cues including continues DII buying, ease in geopolitical risk, FII turning buyers, positive development in US-India trade talk, and positive start of the earnings season.

For the week, BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82 and Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35. 

The BSE Large-cap Index added 1.4 percent supported by Divis Laboratories, Max Healthcare Institute, HCL Technologies, LTIMindtree, Eternal, Swiggy, Infosys, Polycab India, Tata Consultancy Services, Tech Mahindra. However, losers were Jindal Steel, Tata Motors, Hyundai Motor India, Siemens Energy India, Waaree Energies.

BSE Mid-cap Index rose 1.5 percent supported by Sun TV Network, L&amp;T Finance, Aditya Birla Capital, Bank Of India, Aegis Vopak Terminals, National Aluminium Company, Fortis Healthcare. However, losers included Dixon Technologies, Hitachi Energy India, KPIT Technologies, Whirlpool of India.

The BSE Small-cap index ended flat. Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, South Indian Bank were up between 15-41 percent. However, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, Praveg fell between 10-22 percent.

During the week, Tata Consultancy Services added the most in terms of market value, followed by Infosys, HCL Technologies, Bharti Airtel. On the other hand, Tata Motors Trent, Hindustan Unilever, lost the most of their market-cap

After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors' (FIIs) turned net buyers in this week as they bought equities worth Rs 2975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in 25th week, as they purchased equities worth Rs 8,391.11 crore.

Indian rupee ended 9 paise higher at 88.69 per dollar on October 10 against the October 3 closing of 88.78. During the week the Indian rupee traded in the range of 88.79-88.50.

Market extends gain in second week on FII support; Capital Market, IT stocks shine

<img class="size-full wp-image-13610205" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030322_bse-nsee_nifty-Sensex.jpg" alt="Market extended the winning run in the second consecutive week ended October 10 with Nifty reclaiming 25,300 amid positive global as well domestic cues including continues DII buying, ease in geopolitical risk, FII turning buyers, positive development in US-India trade talk, and positive start of the earnings season." width="1280" height="720" /> Market extended the winning run in the second consecutive week ended October 10 with Nifty reclaiming 25,300 amid positive global as well domestic cues including continues DII buying, ease in geopolitical risk, FII turning buyers, positive development in US-India trade talk, and positive start of the earnings season.

<img class="size-full wp-image-13610206" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030348_marketup_sensexup-Niftyup.jpg" alt="For the week, BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82 and Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35. " width="1280" height="720" /> For the week, BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82 and Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35.

<img class="size-full wp-image-13610209" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030635_sensex_nifty-marketup_sensexup-Niftyup.jpg" alt="The BSE Large-cap Index added 1.4 percent supported by Divis Laboratories, Max Healthcare Institute, HCL Technologies, LTIMindtree, Eternal, Swiggy, Infosys, Polycab India, Tata Consultancy Services, Tech Mahindra. However, losers were Jindal Steel, Tata Motors, Hyundai Motor India, Siemens Energy India, Waaree Energies." width="1280" height="720" /> The BSE Large-cap Index added 1.4 percent supported by Divis Laboratories, Max Healthcare Institute, HCL Technologies, LTIMindtree, Eternal, Swiggy, Infosys, Polycab India, Tata Consultancy Services, Tech Mahindra. However, losers were Jindal Steel, Tata Motors, Hyundai Motor India, Siemens Energy India, Waaree Energies.

<img class="size-full wp-image-13610210" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030703_stocks5.jpg" alt="BSE Mid-cap Index rose 1.5 percent supported by Sun TV Network, L&amp;T Finance, Aditya Birla Capital, Bank Of India, Aegis Vopak Terminals, National Aluminium Company, Fortis Healthcare. However, losers included Dixon Technologies, Hitachi Energy India, KPIT Technologies, Whirlpool of India." width="1280" height="720" /> BSE Mid-cap Index rose 1.5 percent supported by Sun TV Network, L&amp;T Finance, Aditya Birla Capital, Bank Of India, Aegis Vopak Terminals, National Aluminium Company, Fortis Healthcare. However, losers included Dixon Technologies, Hitachi Energy India, KPIT Technologies, Whirlpool of India.

<img class="size-full wp-image-13610211" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030733_sensex_stocks_nifty_stockmarket.jpg" alt="The BSE Small-cap index ended flat. Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, South Indian Bank were up between 15-41 percent. However, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, Praveg fell between 10-22 percent." width="1280" height="720" /> The BSE Small-cap index ended flat. Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, South Indian Bank were up between 15-41 percent. However, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, Praveg fell between 10-22 percent.

<img class="size-full wp-image-13610212" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030806_market_flat.jpg" alt="Among sectors, Nifty Capital Market and IT indices remained top performers with 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, Nifty Pharma up 2 percent each. However, Nifty Media index shed nearly 3 percent." width="1280" height="720" /> Among sectors, Nifty Capital Market and IT indices remained top performers with 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, Nifty Pharma up 2 percent each. However, Nifty Media index shed nearly 3 percent.

<img class="size-full wp-image-13610213" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030852_sensex_nifty_stock-stocks_stock.jpg" alt="During the week, Tata Consultancy Services added the most in terms of market value, followed by Infosys, HCL Technologies, Bharti Airtel. On the other hand, Tata Motors Trent, Hindustan Unilever, lost the most of their market-cap" width="1280" height="720" /> During the week, Tata Consultancy Services added the most in terms of market value, followed by Infosys, HCL Technologies, Bharti Airtel. On the other hand, Tata Motors Trent, Hindustan Unilever, lost the most of their market-cap

<img class="size-full wp-image-13610214" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030917_sensex_nifty_stocknew.jpg" alt="After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors' (FIIs) turned net buyers in this week as they bought equities worth Rs 2975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in 25th week, as they purchased equities worth Rs 8,391.11 crore." width="1280" height="720" /> After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors' (FIIs) turned net buyers in this week as they bought equities worth Rs 2975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in 25th week, as they purchased equities worth Rs 8,391.11 crore.

<img class="size-full wp-image-13596284" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251003120750_rupee-cash-currency.jpg" alt="Indian rupee ended 9 paise higher at 88.69 per dollar on October 10 against the October 3 closing of 88.78. During the week the Indian rupee traded in the range of 88.79-88.50." width="1280" height="720" /> Indian rupee ended 9 paise higher at 88.69 per dollar on October 10 against the October 3 closing of 88.78. During the week the Indian rupee traded in the range of 88.79-88.50.

Q2 earnings may be soft, but the second half of FY26 may see recovery, says Chakri Lokapriya - CIO Equities at LGT Wealth India. He expects a 5-8 percent YoY profit growth in Q2FY26, setting up for acceleration later in the year.

He believes that if Trump and Modi strike a deal removing the 25 percent tariff, it’ll be a big win.

"With tax relief, GST 2.0, rate cuts, and a good monsoon, macro tailwinds look sustainable. Consumption, financials, and manufacturing should lead the earnings recovery," he said in an interview to Moneycontrol.

Do you think consumption will drive markets over the next few quarters?

Consumption is becoming the big story. With GST cuts making many goods 10–15 percent cheaper and February’s income-tax reduction boosting take-home pay, consumers have more money to spend. Per-capita consumption heading toward $3,250 will likely speed up revenue growth.

Demand remains strong heading into Q2FY26 — festivals, weddings, and upbeat sentiment are driving sales despite high gold prices. Non-jewelry categories are still posting double-digit growth, showing underlying demand is healthy and broad-based.

Are banks showing that growth is returning? Is the rally in financials just beginning?

India’s economy is shifting structurally, with consumption’s share in GDP rising to 60 percent in FY25 from 55 percent in FY20. People have more disposable income thanks to wage growth, tax cuts, and smart fiscal measures like GST rationalization.

This boom in consumption is channeling savings into financial assets — mutual funds, insurance, equities. Sector AUM has grown at a 19 percent CAGR over the past decade to about Rs 77 lakh crore by July 2025. Within financials, PSU and private banks remain core holdings. Large AMCs are also well-positioned given their scale and pricing power, while brokers face regulatory hurdles.

Can Indian IT firms capture the AI opportunity?

Yes, and it’s just starting. Tata Consultancy’s plan to build over 1 GW of data-center capacity shows long-term belief in India’s digital infrastructure. This move opens a new profit pool for value-added resellers and distributors — areas the market often overlooks. I expect more IT firms to allocate capital toward AI infrastructure and data-center expansion. The opportunity is huge.

Which sectors look attractive given recent developments?

Policy support is driving demand. The GST Council’s September 2025 move to simplify rates into 5 percent and 18 percent slabs — cutting tax on key durables from 28 percent — means 7–10 percent lower prices. That’s real relief for consumers.

Urban premiumization, rural financing schemes, and export gains from a weaker rupee all help. Add GDP growth, PMAY housing demand, and PLI incentives — the setup is very positive. Companies are also gaining margin leverage through scale and localization.

Has the worst passed for earnings and tariff concerns?

The market’s been consolidating, balancing US tariff worries with domestic positives — GST cuts, lower risk weights for banks, and potential rate cuts. Sentiment suggests the worst may be behind us.

What’s your view on Q2 earnings and the outlook?

Q2 may be soft, but the second half may see a recovery. A potential US-India tariff resolution would bring back demand, could reignite FPI inflows, which are near two-decade lows. We expect 5–8 percent YoY profit growth in Q2FY26, setting up for acceleration later in the year.

If Trump and Modi strike a deal removing the 25 percent tariff, it’ll be a big win. With tax relief, GST 2.0, rate cuts, and a good monsoon, macro tailwinds look sustainable. Consumption, financials, and manufacturing should lead the recovery.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Daily Voice: These 3 sectors to lead earnings recovery from 2HFY26, says LGT Wealth CIO who sees 5–8% YoY profit growth in Q2FY26

Q2 earnings may be soft, but the second half of FY26 may see recovery, says Chakri Lokapriya - CIO Equities at LGT Wealth India. He expects a 5-8 percent YoY profit growth in Q2FY26, setting up for acceleration later in the year.

He believes that if Trump and Modi strike a deal removing the 25 percent tariff, it’ll be a big win.

&quot;With tax relief, GST 2.0, rate cuts, and a good monsoon, macro tailwinds look sustainable. Consumption, financials, and manufacturing should lead the earnings recovery,&quot; he said in an interview to Moneycontrol.

Do you think consumption will drive markets over the next few quarters?

Consumption is becoming the big story. With GST cuts making many goods 10–15 percent cheaper and February’s income-tax reduction boosting take-home pay, consumers have more money to spend. Per-capita consumption heading toward $3,250 will likely speed up revenue growth.

Demand remains strong heading into Q2FY26 — festivals, weddings, and upbeat sentiment are driving sales despite high gold prices. Non-jewelry categories are still posting double-digit growth, showing underlying demand is healthy and broad-based.

Are banks showing that growth is returning? Is the rally in financials just beginning?

India’s economy is shifting structurally, with consumption’s share in GDP rising to 60 percent in FY25 from 55 percent in FY20. People have more disposable income thanks to wage growth, tax cuts, and smart fiscal measures like GST rationalization.

This boom in consumption is channeling savings into financial assets — mutual funds, insurance, equities. Sector AUM has grown at a 19 percent CAGR over the past decade to about Rs 77 lakh crore by July 2025. Within financials, PSU and private banks remain core holdings. Large AMCs are also well-positioned given their scale and pricing power, while brokers face regulatory hurdles.

Can Indian IT firms capture the AI opportunity?

Yes, and it’s just starting. Tata Consultancy’s plan to build over 1 GW of data-center capacity shows long-term belief in India’s digital infrastructure. This move opens a new profit pool for value-added resellers and distributors — areas the market often overlooks. I expect more IT firms to allocate capital toward AI infrastructure and data-center expansion. The opportunity is huge.

Which sectors look attractive given recent developments?

Policy support is driving demand. The GST Council’s September 2025 move to simplify rates into 5 percent and 18 percent slabs — cutting tax on key durables from 28 percent — means 7–10 percent lower prices. That’s real relief for consumers.

Urban premiumization, rural financing schemes, and export gains from a weaker rupee all help. Add GDP growth, PMAY housing demand, and PLI incentives — the setup is very positive. Companies are also gaining margin leverage through scale and localization.

Has the worst passed for earnings and tariff concerns?

The market’s been consolidating, balancing US tariff worries with domestic positives — GST cuts, lower risk weights for banks, and potential rate cuts. Sentiment suggests the worst may be behind us.

What’s your view on Q2 earnings and the outlook?

Q2 may be soft, but the second half may see a recovery. A potential US-India tariff resolution would bring back demand, could reignite FPI inflows, which are near two-decade lows. We expect 5–8 percent YoY profit growth in Q2FY26, setting up for acceleration later in the year.

If Trump and Modi strike a deal removing the 25 percent tariff, it’ll be a big win. With tax relief, GST 2.0, rate cuts, and a good monsoon, macro tailwinds look sustainable. Consumption, financials, and manufacturing should lead the recovery.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

The Nifty50 bulls successfully surpassed the 25,200-25,250 resistance zone, as well as the 78.6 percent retracement of the September high-low, rising by more than 100 points on October 10. This rally was primarily driven by the banking sector, which has been leading the current market momentum. Given the healthy technicals and momentum indicators, the index appears poised for further upward movement towards the 25,450-25,500 zone, a key hurdle from September. However, experts expect 25,100-25,000 to serve as a strong support zone.

The Nifty50 opened flat but gained momentum swiftly, extending its uptrend throughout the day despite some volatility. The index reached an intraday high of 25,331 in the second half of the session before closing at 25,285, up 104 points (0.41 percent). The formation of a bullish candle with a minor upper shadow on the daily charts indicates a positive trend, despite some profit-taking at higher levels.

The index, already trading well above all major moving averages, found additional support from momentum indicators. The RSI climbed above the 60 zone to 60.99, while the MACD maintained its bullish crossover, with the histogram showing further strength.

The ongoing uptrend signals a continuation pattern, characterized by higher tops and bottoms. On the weekly chart, the index gained 1.6 percent and formed a long bullish candle that nearly engulfed the upper portion of the large bearish candle from the end of September, establishing a higher high-low structure.

Therefore, according to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, the market's underlying trend remains positive.

"The Nifty is expected to continue its upward move toward the important resistance levels of around 25,400-25,450 by next week. Immediate support is placed at 25,150," he said.

Weekly derivative data suggests that the Nifty50 is likely to face resistance in the 25,400-25,500 range, with support in the 25,200-25,000 zone.

The maximum open interest for Call options was at the 25,500 strike, followed by the 25,400 and 25,300 strikes. The maximum Call writing was seen at the 25,450, 25,350, and 25,400 strikes. For Put options, the maximum open interest was at the 25,200 strike, followed by the 25,000 and 25,100 strikes, with the maximum Put writing seen at the 25,300, 25,250, and 25,200 strikes.

Bank Nifty

The Bank Nifty outperformed the Nifty50, rising by 418 points (0.74 percent) to 56,610, and hitting the 78.6 percent retracement of the July high to the September low on an intraday basis (56,760). If the index clears Friday's high in the upcoming week, immediate hurdles are seen at 57,300 and 57,630 (record high). A breakout above these levels would propel the index into uncharted territory.

On Friday’s close, the index formed a long bullish candle with a higher high-higher low structure and broke above the downward-sloping trendline on the weekly chart, suggesting a potential shift from a brief consolidation phase to a bullish continuation phase. For the week, the index gained 1.84 percent.

Following this structural change, the prior swing high of 55,830-55,850 acted as strong support, allowing the index to maintain its upward momentum.

The RSI, nearing the 70 mark and showing an upward trajectory, indicates healthy momentum. Additionally, the price closing above the upper Bollinger Band suggests strong buying pressure, which could lead to further continuation of the uptrend in the near term.

"If the index manages to follow through above the 57,000 level, the pullback could extend towards the 57,600 level," said Sudeep Shah, Head of Technical Research and Derivatives at SBI Securities.

Both PSU and private banks contributed to the rally, with the Nifty PSU Bank index gaining 1.5 percent, and the Nifty Private Bank index jumping 2.2 percent.

Meanwhile, the India VIX, which measures market volatility, remained in a lower range, keeping the bulls comfortable. The index rose by 0.42 percent to 10.10 on Friday.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Technical View: Nifty bulls clear 25,250 resistance, eye September swing high; Bank Nifty hits 78.6% retracement of record high fall

The Nifty50 bulls successfully surpassed the 25,200-25,250 resistance zone, as well as the 78.6 percent retracement of the September high-low, rising by more than 100 points on October 10. This rally was primarily driven by the banking sector, which has been leading the current market momentum. Given the healthy technicals and momentum indicators, the index appears poised for further upward movement towards the 25,450-25,500 zone, a key hurdle from September. However, experts expect 25,100-25,000 to serve as a strong support zone.

The Nifty50 opened flat but gained momentum swiftly, extending its uptrend throughout the day despite some volatility. The index reached an intraday high of 25,331 in the second half of the session before closing at 25,285, up 104 points (0.41 percent). The formation of a bullish candle with a minor upper shadow on the daily charts indicates a positive trend, despite some profit-taking at higher levels.

The index, already trading well above all major moving averages, found additional support from momentum indicators. The RSI climbed above the 60 zone to 60.99, while the MACD maintained its bullish crossover, with the histogram showing further strength.

The ongoing uptrend signals a continuation pattern, characterized by higher tops and bottoms. On the weekly chart, the index gained 1.6 percent and formed a long bullish candle that nearly engulfed the upper portion of the large bearish candle from the end of September, establishing a higher high-low structure.

Therefore, according to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, the market's underlying trend remains positive.

&quot;The Nifty is expected to continue its upward move toward the important resistance levels of around 25,400-25,450 by next week. Immediate support is placed at 25,150,&quot; he said.

Weekly derivative data suggests that the Nifty50 is likely to face resistance in the 25,400-25,500 range, with support in the 25,200-25,000 zone.

The maximum open interest for Call options was at the 25,500 strike, followed by the 25,400 and 25,300 strikes. The maximum Call writing was seen at the 25,450, 25,350, and 25,400 strikes. For Put options, the maximum open interest was at the 25,200 strike, followed by the 25,000 and 25,100 strikes, with the maximum Put writing seen at the 25,300, 25,250, and 25,200 strikes.

Bank Nifty

The Bank Nifty outperformed the Nifty50, rising by 418 points (0.74 percent) to 56,610, and hitting the 78.6 percent retracement of the July high to the September low on an intraday basis (56,760). If the index clears Friday's high in the upcoming week, immediate hurdles are seen at 57,300 and 57,630 (record high). A breakout above these levels would propel the index into uncharted territory.

On Friday’s close, the index formed a long bullish candle with a higher high-higher low structure and broke above the downward-sloping trendline on the weekly chart, suggesting a potential shift from a brief consolidation phase to a bullish continuation phase. For the week, the index gained 1.84 percent.

Following this structural change, the prior swing high of 55,830-55,850 acted as strong support, allowing the index to maintain its upward momentum.

The RSI, nearing the 70 mark and showing an upward trajectory, indicates healthy momentum. Additionally, the price closing above the upper Bollinger Band suggests strong buying pressure, which could lead to further continuation of the uptrend in the near term.

&quot;If the index manages to follow through above the 57,000 level, the pullback could extend towards the 57,600 level,&quot; said Sudeep Shah, Head of Technical Research and Derivatives at SBI Securities.

Both PSU and private banks contributed to the rally, with the Nifty PSU Bank index gaining 1.5 percent, and the Nifty Private Bank index jumping 2.2 percent.

Meanwhile, the India VIX, which measures market volatility, remained in a lower range, keeping the bulls comfortable. The index rose by 0.42 percent to 10.10 on Friday.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

9 out of 15 years NIFTY AUTO has given positive returns in October.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	26,859.02	26,996.83	27,192.32	26,663.53	26,525.72	26,330.23	26,192.42
Fibonacci	26,790.85	26,869.51	26,996.83	26,663.53	26,536.21	26,457.55	26,330.23
Camarilla	26,751.75	26,782.30	26,812.86	26,663.53	26,690.65	26,660.10	26,629.54

INDEX CONTRIBUTION - NIFTY Auto

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