Will Sensex and Nifty Maintain Their Positive Outlook Amid Global Optimism?
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Synopsis
The Indian stock markets started with a slight positive bias, buoyed by favorable global trends. As the Sensex and Nifty show minor gains, analysts share insights on potential support levels and market expectations amidst ongoing geopolitical developments.
Key Takeaways
- Slight upward trend in Indian stock markets.
- Sensex and Nifty show modest gains.
- Technical levels indicate potential upside and support zones.
- Institutional buying persists, indicating positive sentiment.
- Global trends continue to impact local markets.
Mumbai, Oct 9 (NationPress) The Indian stock markets began the day on a flat note but exhibited a slight upward trend on Thursday, influenced by positive global cues.
At the start of trading, the Sensex increased by 17 points, or 0.02 percent, reaching 81,791, while the Nifty rose by 17 points, or 0.07 percent, to stand at 25,063.
“From a technical perspective, a consistent move above 25,150 for the Nifty could pave the way for an upward trajectory towards 25,200–25,250,” analysts noted.
“Conversely, immediate support is expected around 24,950–24,900, which may act as potential accumulation zones for long positions,” they added.
“Overall, experts anticipate that the index will remain confined within the range of 24,900 and 25,200 in the near future,” they stated.
Additionally, the broader markets displayed some strength, with the Nifty MidCap index rising by 0.3 percent and the Nifty SmallCap index advancing by 0.21 percent.
On the institutional front, Foreign Institutional Investors (FIIs) continued their buying spree for the second consecutive session on October 8, acquiring equities worth Rs 81 crore, while Domestic Institutional Investors (DIIs) purchased equities valued at Rs 329 crore.
Asian markets also traded higher following the S&P 500 and Nasdaq Composite achieving record closing highs overnight on Wall Street.
Investor sentiment improved after US President Donald Trump announced that Israel and Hamas had reached an agreement on the first phase of a US-brokered peace initiative to pause hostilities in Gaza and facilitate the release of hostages and prisoners.
According to specialists, traders remain cautiously optimistic, keeping an eye on global indicators and geopolitical developments.
“The results season commencing today will be closely monitored by the market. IT stocks have shown some recovery from their lows, yet strong headwinds continue to challenge the sector,” market experts commented.
“Banking stocks have largely remained within a range due to muted earnings expectations. The pressure on NIM and increasing delinquencies in the unsecured loan sector will generally impact banking results. Hence, look out for the outperformers within this segment,” they added.
Point of View
I observe that the Indian stock markets are reacting to a blend of global optimism and local economic indicators. While there are positive signals, caution remains essential as geopolitical developments could influence market stability. Following recent trends, investors should stay informed and agile in their strategies.
NationPress
09/10/2025
Frequently Asked Questions
What is the current status of the Indian stock markets?
As of October 9, the Indian stock markets have opened with a slight positive bias, with the Sensex up by 17 points and the Nifty gaining 17 points.
What levels should traders watch for the Nifty?
Traders should monitor the levels around 25,150 for potential upside movement, while immediate support is seen at 24,950–24,900.
How are institutional investors influencing the market?
Institutional investors, particularly FIIs and DIIs, have been active in the market, with FIIs purchasing equities worth Rs 81 crore and DIIs buying Rs 329 crore on October 8.
