Weekly Update- 24 October 2025

NIFTY50

Nifty ended the week with a modest gain of 85 points, closing at 25,795. It was a short trading week due to Diwali holidays, but the market maintained a positive undertone throughout. The week began on a strong note on Monday, supported by strength across multiple sectors, followed by consolidation during the Muhurat trading session. On Wednesday, a report from Mint indicating India and the US are nearing a trade deal lifted market sentiment, leading to a gap-up opening on Thursday, after which the index consolidated for the next two sessions. The overall structure remains bullish, with key support near 25,500 and resistance around 26,200, maintaining a ‘buy on dips’ view for the coming week.

BANKNIFTY

Bank Nifty closed the week marginally lower by 0.02% at 57,700, after a volatile yet constructive week of trade. The index started on a strong positive note, led by renewed buying interest in private sector banks following healthy Q2 results, which lifted early sentiment. However, as the week progressed, profit booking emerged at higher levels, causing the index to retrace from its resistance zone. Despite this mild correction, overall trend structure remains positive, supported by robust credit growth and improving banking fundamentals. Key support is placed around 57,000, while resistance is seen near 58,500. The view remains ‘buy on dips’, as the index continues to show resilience with a positive bias for the coming sessions.

TOP GAINING SECTOR

NIFTY IT was top gaining sector for the week

Major gainers were:-

INFOSYS:- up by 5.85%

MPHASIS:- up by 4.65%

TCS:- up by 3.41%

HCL TECH:- up by 2.53%

IMPORTANT NEWS

• The Nifty 50 is nearing an all-time high, driven by expectations of a US Fed rate cut and easing FII selling. Strong domestic earnings and progress in trade talks, including potential India-US and US-China agreements, are bolstering bullish sentiment. Investors are closely watching Q2 corporate results and shifts in crude oil dynamics.

• Kotak Mahindra Bank Q2 Results: Kotak Mahindra Bank on Saturday, October 25, reported a 2.7% year-on-year decline in its standalone net profit for the September quarter at Rs 3,253 crore, compared to Rs 3,344 crore in the year ago period.

• The Federal Reserve’s policy committee is scheduled to meet on October 28 and 29. The policymakers widely anticipated to reduce the central bank’s benchmark interest rate to ease borrowing costs, according to experts.

• Gold snapped a nine-week winning run, following a sharp correction as the market reassessed a rally that had pushed the metal into overbought territory.

• The India-US trade talks, marked by twists and turns, seems to be moving closer towards a conclusion as negotiators from both sides are said to have begun working on the language of the text but a final announcement will require “political convergence,” a senior government official said here Friday.