Indian Markets Weekly View | Kartalks”

Indian Markets Weekly View Oct 27 to Oct 31,2025

This week on Dalal Street had a little bit of everything — a dose of caution, a sprinkle of profit-booking, and moments of optimism that reminded traders why Indian markets are still among the most resilient in the world.

After touching record highs earlier in the month, both the Nifty 50 and Sensex took a breather. Investors seem content to let the market rest before deciding its next move. The mood isn’t fearful — it’s more like everyone’s watching closely, waiting for one good trigger to set the direction again.

📊 The Current Market Pulse

By Friday’s close, the Nifty 50 settled near 25,795, slipping just a little for the week.
The Sensex ended around 84,200, and Bank Nifty cooled near 57,700.

None of these moves are alarming. They’re more like small pauses in an otherwise steady uptrend. The broader sentiment remains positive — just not aggressive.

📈 Support and Resistance Levels

Nifty 50:

• Support: 25,500–25,600
• Resistance: 26,000–26,200

The index has been hovering between these zones for nearly two weeks. If it breaks above 26,200 with strong volumes, the next leg of the rally could begin. A slip below 25,500 might invite short-term selling.

Bank Nifty:

• Support: 57,000–57,200
• Resistance: 58,300–58,500

Banks have been under mild pressure. PSU banks saw some profit-booking, while private players like HDFC and ICICI are holding steady. A decisive close above 58,500 could bring back bullish momentum.

Sensex:

• Support: 83,800–84,000
• Resistance: 85,500–86,000

The Sensex continues to find strength in energy, FMCG, and auto names, even as IT stocks trade mixed.

💼 Sector Highlights

This week was not about fireworks; it was about rotation.

• Autos stayed strong thanks to festive buying and a better supply chain.
• IT saw a mild recovery after good global earnings reports.
• Banks turned choppy, especially after their results.
• Pharma and infra remained steady.

Overall, the market is moving sector-by-sector rather than all at once — a healthy sign of maturity.

📊 Earnings Impact

Quarterly results kept traders busy.

• Infosys and Wipro posted steady margins, lifting sentiment for IT.
• HDFC Bank and ICICI Bank had mixed reactions; margins flattened a bit, and traders booked profits.
• Reliance Industries results were neutral, but its telecom and retail arms continue to perform well.
• Maruti Suzuki and Tata Motors surprised on margins and demand, fueling auto optimism.

Earnings so far haven’t disappointed. But they haven’t excited the market either — and that’s why the indices are consolidating.

💹 Open Interest and PCR

In the F&O space, traders are clearly building a wall of open interest around 26,000 calls and 25,500 puts on the Nifty.
This suggests the market expects a sideways week ahead.

The Put-Call Ratio (PCR) near 1.18 shows that there’s more optimism than fear — but with cautious positioning.
It’s like traders believe the market will stay stable, but they’re keeping their safety belts on.

🆕 IPO Corner

New listings continue to attract attention, but investors are now more selective.
Several recent IPOs opened with decent gains but fizzled later, showing that easy money days are gone.

Strong response still comes for businesses that actually make profits — manufacturing, fintech, infrastructure, and renewable energy.
Retail investors are better off focusing on companies with real earnings and clear order books, not just hype.

💰 Commodities: Gold and Silver Glitter Again

Gold and silver have been quietly rewriting record books.
Gold is now near ₹1.23 lakh per 10 g, and silver hovers close to ₹1.47 lakh per kg.
Yes, those are big numbers — but buyers haven’t disappeared.

With Diwali around the corner, jewellers report brisk but cautious buying.
People are choosing smaller pieces, but the sentiment is alive and shining.

Globally, lower bond yields and a softer dollar have pushed investors back into precious metals.
Silver has an extra tailwind — its use in solar panels, EVs, and semiconductors is booming.
So even industrial demand is adding sparkle.

🛢 Crude Oil and Energy

Crude prices continue to sway between $61 and $65 per barrel.
For India, every dollar jump adds pressure to the import bill.
Sectors like paint, aviation, and logistics will watch crude carefully — it can quickly affect margins.

If global supply stays stable, oil could cool off slightly in the coming weeks.

💱 Currency Check

The Indian Rupee remains steady between ₹87 – ₹88per USD.
Even though FIIs have been mild sellers lately, strong domestic flows have balanced the equation.

A stable rupee helps exporters while keeping inflation in check — exactly what the economy needs right now.

🔮 Weekly Range Forecast

Expect consolidation early in the week followed by direction from global cues — especially from the U.S. markets and crude oil moves.

🌍 Global Picture

Global markets remain in watch-and-wait mode.
The U.S. Federal Reserve’s comments on inflation and interest rates will be key.
Europe’s energy worries and China’s uneven recovery continue to affect global sentiment.

In short, Indian markets are moving on their own strength, but global factors still set the tone for daily volatility.

📈 FII & DII Data

• On Friday FII & DIIs turned as net buyers
• FII (Foreign Institutional Investors): Net buyers worth about ₹621 crore this week.
• DII (Domestic Institutional Investors): Net buyers around ₹173 crore.

DIIs remain the backbone. Every time FIIs book profits, local investors step in — keeping India’s markets surprisingly steady compared to global peers.

💡 Investment Outlook

🕐 Short-Term

Play light.
Buy near supports instead of chasing highs.
Prefer sectors showing clear strength — autos, select PSU banks, and large-cap IT.
Keep strict stop-losses and avoid over-leveraging positions.

🕰 Long-Term

This is still a market to accumulate quality.
Themes like infrastructure, renewables, digital transformation, and capital goods have years of potential ahead.
Systematic investing (SIPs) remains the simplest and safest route.
Long-term India is still a growth story that few global investors want to miss.

🧭 Kartalks View

If one line sums up the week: The market is catching its breath, not losing steam.

Volatility may rise near the month-end expiry, but the underlying trend stays firm.
Retail participation remains high, liquidity is abundant, and the domestic economy is expanding faster than most.

Corrections, if they come, should be treated as opportunities — not alarms.

Further reading 👇

moneycontrl

💰Why Gold and Silver Keep Rising|kartalks

FAQ

⚖️ SEBI-Compliant Disclaimer

This article is meant for educational purposes only. It should not be seen as investment advice, a buy/sell signal, or a financial recommendation. Markets carry risks, and past performance does not guarantee future results. Investors must consult SEBI-registered financial advisors before making any investment decisions.