Nifty 25,936; Bank Nifty Outperforms | Kartalks
Dalal Street cooled off a touch on Tuesday after yesterday’s confident finish. Bulls tried to press their advantage early, but profit-taking in a few heavyweight pockets—IT, consumer, parts of realty—kept a lid on gains.
Metals and select PSU names did the heavy lifting, yet the broader tape settled into a range by the close.
🔔 Closing Snapshot
Nifty 50: 25,936.20 (-0.11%) — slipped below the 25,950 line after a choppy session.
Sensex: 84,628.16 (-0.18%).
Bank Nifty: 58,214.10 (+0.17%) — banks quietly outperformed the headline indices.
The tone: orderly profit-booking rather than risk-off. Metals and PSUs cushioned the fall while defensives and IT lagged.
🥇 Top 5 Nifty 50 Gainers (Today)
1.Tata Steel +2.92%
2. JSW Steel +2.92%
3. SBI Life +1.77%
4. Larsen & Toubro +1.25%
5. HDFC Life +1.32%.
📉 Top 5 Nifty 50 Loser (Today)
1. Bajaj Finserv −1.01%
2. Trent −1.53%
3. Coal India −1.34%
4. Tech Mahindra −1.13%
5. ONGC −1.10%.
Read: Upstox’s market wrap carried the same leaderboard along with mid/small-cap colour.
🧭 Support & Resistance (near-term trading map)
Nifty 50:
Support 25,780–25,820
Resistance 26,050–26,200
Bank Nifty:
Support 57,850–58,000
Resistance 58,450–58,750
Sensex:
Support 84,100–84,300
Resistance 85,100–85,500
These zones align with today’s swing highs/lows and the options battle around Nifty 26,000 flagged by multiple desks.
A clean daily close above ~26,050 keeps the door open to 26,200; failure invites more range trade.
😶🌫️ Volatility & Currency
India VIX: ~11.9–12.0 into the close (low-vol regime).
USD/INR spot: around ₹88.23–88.28 at close; rupee stayed soft but contained as RBI-watchers cited dollar selling near 88.3.
Low VIX plus a gently weak rupee = a market that’s still comfortable taking risk, but quick to book profits near resistance.
🧮 Derivatives Pulse (OI / PCR)
The 26,000 strike remained the tussle zone; call writers showed up there again.
A decisive push and hold above 26,050 with volume could force short-covering; slips to 25,800 attracted put interest and dip-buyers.
🆕 IPO & Primary Market
The primary pipeline stayed active, with steady retail interest in select SME issues and a handful of mainboard names lining up.
Liquidity pockets on listing days are shifting day-trade flows intraday; the medium-term message is: be selective, favour cash-generative models over hype. (Track daily lists on NSE/BSE/ET liveblogs.)
🛢️ Commodities Check
Gold/Silver: Firm tone persists on soft real yields and seasonal demand; bullion desks reported healthy festival flows.
Crude: Range-bound; no fresh supply shock today—supportive for INR and for paints/aviation margins. (Use your MCX dashboard for exact settlement prints before publishing numbers.)
🧾 FII & DII Flow Watch
Final cash figures for Oct 28 arrive later this evening on the exchange pages.
For Oct 27 :
FII: ₹−55.58 Cr (net)
DII: ₹+2,492.12 Cr (net).
For Oct 28:
FII: ₹+10,060 Cr (net buy).
DII: ₹+636.30 Cr (net buy)
Context: October’s narrative has been shifting—after months of heavy FII selling, inflows showed signs of returning last week, cushioning dips in large-caps.
🧠 What Moved the Tape Today
Metals rallied on global risk-on and China trade optimism; Tata Steel/JSW Steel led gains.
Banks outperformed quietly; Bank Nifty closed in the green even as the headline indices eased.
Profit-taking hit consumer/IT/realty pockets, capping the index.
Traders defended dips, but call-writing at 26k kept the upside controlled.
💰 Investment View
Short term (days–weeks):
Trade the range. Respect 26,050–26,200 on Nifty as supply; buy dips toward 25,800with tight stops. Stick to banks, select metals, insurers, and execution-strong EPC names on constructive pullbacks.
Long term (12–36 months):
India’s macro story stays intact—credit momentum, capex revival, formalization, stable inflation path.
Continue SIPs in quality funds/large-caps; keep a 5–10% gold sleeve as hedge.
⭐ Stock of the Day (watchlist idea, not a tip)
SBI Life Insurance — steady premium growth narrative, healthier sector pricing, and resilient flows kept it in today’s winner’s list. On watch into monthly data and management commentary; accumulate only on dips with risk control.
Further reading 👇
“HRITIK Stocks Q2 Key Results ; Insights”
🇮🇳 Indian Pre-Market Report | Kartalks
🏦 Bluechip Stocks Analysis | kartalks
⚠️ Disclaimer:
This article is for educational and informational purposes only. It is not investment advice or a solicitation to buy/sell any security or derivative. Markets involve risk. Please do your own research or consult a SEBI-registered investment adviser before acting.