India Market Outlook — Today (Friday, 3 Oct 2025)

Headline Indices

Index	Close	Chg	%
Nifty 50	24,894.25	+57.95	+0.23%
Sensex	81,207.17	+223.86	+0.28%

Nifty and Sensex posted a second straight gain, led by banks, metals and consumer names; India VIX eased ~1.6%, signaling stable sentiment.

Sectoral Performance (NSE)

Top Gainers	%	Laggards	%
Nifty Metal	+1.8	Nifty Healthcare	−0.22
Nifty PSU Bank	+1.12	Nifty Realty	−0.12
Nifty Consumer Durables	+1.09	Nifty Auto	−0.06

(14 of 17 sectoral indices closed higher.)

Nifty 50 – Top Movers

Gainers	Move	Losers	Move
Tata Steel	↑	Max Healthcare	↓
Power Grid	↑	Eicher Motors	↓
Kotak Mahindra Bank	↑	Coal India	↓
Axis Bank	↑	Tech Mahindra	↓
Larsen & Toubro (L&T)	↑	Maruti Suzuki	↓

Key Market Stats

• Breadth (Nifty): 26 adv / 24 dec.
• Volatility: India VIX −1.6% (cooling).
• FX: INR closed ~₹88.77 per USD, near record-weak levels; RBI intervention talk persisted.
• Commodities: Brent ~$64.5, WTI ~$60.9 (both up ~0.6% intraday).

What Moved the Market (Today’s Drivers)

• Banking + PSU trade: Follow-through after RBI’s recent easing around lending norms kept financials bid; PSU banks outperformed.
• Metals strength: Global risk-on and firmer metals supported Nifty Metal.
• Lower volatility: Softer VIX aided a buy-the-dip tone.

Global Cues (Snapshot)

• Asia: Mostly green; Nikkei +1.8%; Shanghai +0.5%; STI +0.4%; Hang Seng −0.5%.
• Europe (late trade): Mixed to positive; DAX/CAC up, FTSE softer.
• Energy: Oil ticked up after a multi-day slide; weekly trend still soft.

Corporate Updates & Stocks to Watch

• Axis Bank: Positive brokerage commentary (Overweight; raised TP) kept private banks firm.
• PC Jeweller: Jumped on strong Q2 update; monitor jewellery names for momentum.
• WeWork India: Filed for ₹3,000 crore IPO; could keep REIT/commercial real-estate ecosystem in focus.
• Broad-market movers: Atlantaa, V2 Retail, Baazar Style Retail were active on company-specific news—momentum traders take note.

Technical View & Levels (for Next Session)

Nifty 50

• Immediate support: 24,750 (near 100-DMA zone; saw responsive buying).
• Pivot support: 24,800 (heavy Put OI base).
• Resistance: 25,000–25,100 (OI ceiling / supply zone).
• Bias: Mildly bullish to range-bound; buy-on-dips favored above 24,750.

Bank Nifty (context)

• Banks extended rebound; look for leadership from private lenders; PSU banks overextended in the very short term—expect rotations.

Trade Setup – Tomorrow (Mon, 6 Oct 2025)

• Expected Tone: Constructive/range-positive. Dips towards 24,800–24,750 likely to attract buying; momentum unlocks only on a decisive 25,000–25,100 breakout.
• Focus Sectors: Metals, select private banks, consumer/consumer-durables; avoid overbought pockets in healthcare/realty until bases rebuild.
• Key Watch-items: USD/INR near record zone (any RBI action), crude tone, FPI flows; global indices’ risk appetite.

“At a glance” cheat sheet

• Market mood: Calm and mildly risk-on
• Leaders: Metals, PSU Banks, Consumer Durables
• Laggards: Healthcare, Realty, Auto (flat-to-soft)
• Trigger levels (Nifty): S: 24,800 / 24,750 | R: 25,000 / 25,100
• Style: Buy dips; fade spikes into 25,000–25,100 unless breadth expands.