๐Market Close & Index Snapshot
Markets ended the day on a confident note, with benchmarks staging a rebound after recent volatility.
Nifty 50 closed at 25,181.80, up 135.65 points or 0.54 %
Sensex rallied 398.44 points (โ 0.49%) to 82,172.10
Bank Nifty also ended in the green, rising ~0.31% to 56,192.05.
It was a good recovery day โ broad sector participation, positive breadth, and flows tilted in bullsโ favor.
๐Top Gainers & Top Losers
โ Top Gainers
1.HCL Technologies โ rode strong IT momentum.
2.JSW Steel โ metals catching up in the rally.
3.Tata Steel โ standout among cyclicals.
4.SBI Life Insurance โ financials joining the rally.
5. InterGlobe Aviation โ travel / passenger names participated too.
โ Top Losers
1.Tata Consumer โ gave up gains in a broader up move.
2.Axis Bank โ lagged banks despite sector strength.
3.Maruti Suzuki โ auto space under distribution pressure.
4.Titan โ surprise weakness in consumer / jewelry side.
5. Bharti Airtel โ telco pulled back despite broader strength.
Itโs a sign that while markets are rallying, profit booking in some names is real โ rotation is alive.
๐ท Sector & Theme Movements
IT / Technology was among leaders โ helped by optimism around TCS results and global demand tailwinds.
Metals / Mining / Steel caught a bid on rising base metal prices and positive commodity mood.
Pharma / Healthcare also participated on defensive and growth plays.
Financials / Banks had mixed performance โ select names rallied, others lagged.
Auto, FMCG, Consumer were weaker relative to core themes.
Midcaps and smallcaps showed moderate strength (Midcap ~0.97%, Smallcap ~0.61%)
โก Volatility & Market Mood (VIX)
India VIX closed at 10.12 ~down -1.84%
๐ Support & Resistance Levels
Here are the levels that markets tested or will test next:
Nifty 50
โข Support: ~ 25,000 โ 24,900
โข Resistance: ~ 25,250 โ 25,400
Bank Nifty
โข Support: ~ 56,000
โข Resistance: ~ 56,500 โ 57,300
Sensex
โข Support: ~ 81,600 โ 82,000
โข Resistance: ~ 82,500 โ 83,000
If Nifty can sustain above 25,200 and break into the 25,250โ25,400 zone with volume, the rally may extend.
But a slip below 25,000 may invite consolidation again.
๐ Stock of the Day
Tata Steel stands out as the โStock of the Day.โ It was one of the top gainers among cyclicals and led the metals rally.
If it holds strength, it could see further swing upside. (Picked also consistently in reports)
Other names to watch: HCL Tech and JSW Steel as they are also riding sector tails.
๐ฐ FII & DII โ Institutional Flow Update
The sources report that foreign portfolio inflows have begun to turn positive again, reversing recent net selling streaks.
Domestic institutional buyers (DIIs) also stepped in, supporting the rally across sectors.
This dual support is strengthening the confidence in fresh upside, but sustained uptrend would require continued FII commitment.
๐ข IPO / Primary Market Highlights
The Canara Robeco AMC IPO saw decent subscription interest, signaling continuing appetite for new issues.
LG Electronics India IPO (quota for institutional investors) is being closely watched โ reports suggest it was ~95x subscribed in QIB category.
New issues are absorbing liquidity and causing rotation across sectors โ small & midcap reratings may follow.
๐ Trade Ideas & Picks
Short-Term / Swing Plays
Ride strength in IT names (HCL, TCS) on daily momentum breakouts.
Look at metals / cyclicals that participated (Tata Steel, JSW) โ play pullbacks into strength.
Monitor banking names โ entries if support holds around 56,000 zone, with tight stops.
Long-Term / Core Picks
Quality tech / export names โ strong secular tailwinds globally.
Cyclical recovery plays (metals, industrials) if commodity cycle supports.
Balanced portfolio: mix defensive (pharma, consumer) with growth (IT, steel).
โ Final Thoughts
October 9 ended on a strong note. The rebound across IT, metals, and pharma alongside resumed FII flows shows investors are stepping in.
But resistance zones (~25,250) loom large; weโre at a technical inflection point.
The next few sessions will test whether markets break higher or stall and retreat.
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