Market Minute | October 29, 2025

Nifty 26,053.90 ▲ +0.45%
Sensex 84,997.13 ▲ +0.44%
Bank Nifty 58,385.25 ▲ +0.29%

The Nifty50 continued its steady march, closing the session comfortably above the 26,050 mark after a volatile day of trade. The index opened on a strong note, tested a high near 26,065, and managed to hold its ground till the close, signaling resilience despite global uncertainty. On the weekly scale, Nifty maintained a constructive structure with key support zones intact between 25,975–26,000, and resistance still capped around 26,100.

The trigger for today’s optimism came from Donald Trump’s recent comment about striking a trade deal with India, which sparked a broad-based recovery. Market sentiment remained buoyant, aided by reliance-led strength and sectoral rotation. On a weekly note, Nifty has displayed impressive composure, consolidating near lifetime highs even amid heavy earnings action, suggesting that the undertone of the market remains positive.

The Sensex mirrored Nifty’s positive momentum, adding 369 points to close at 84,997, led by gains in Reliance, SBI Life, and M&M Finance. The tone stayed upbeat through the session as investors cheered strong earnings and a stable global setup.

Meanwhile, the broader markets stole the spotlight, the Nifty Midcap Index surged 0.64%, hitting a one-year high, while the Nifty Smallcap 100 gained 0.43%. Within the Midcaps, SAIL (+6.35%), M&M Finance (+5.86%), and MRPL were among the top performers, reflecting renewed buying interest in cyclicals and financials.

Sectorally, it was a Metals-led rally with the Nifty Metal Index jumping 1.71%, marking its 6th consecutive session of record highs. Energy stocks also outperformed, rising 1.93%, while media and FMCG added to the momentum. The only laggard was Nifty Auto (-0.73%), weighed down by mild profit booking after recent gains.

Despite underperformance in Bank Nifty relative to the benchmark, dips were actively bought, a sign that bullish sentiment in financials remains intact. The index now sits roughly 350 points away from its ATH, keeping the bulls hopeful for a breakout in the sessions ahead.

However, AMC stocks remained under pressure after SEBI’s proposal to lower the expense ratio and brokerage fees hit sentiment. HDFC AMC was the major casualty, sliding 4.40%, while peers also ended in the red.

Elsewhere, Adani Group stocks extended gains up to 10.79% after strong Q2 results, while Varun Beverages surged 9.09% post-results and on its Carlsberg pact in Africa. On the flip side, Coal India slipped 2.40%, whereas NMDC rose 2.77% on solid quarterly performance. The advance-decline ratio stood at 2:1, highlighting broad-based participation and strength in market breadth.

Adani Ports ▲ +2.60%

Power Grid ▲ +2.46%

NTPC ▲ +2.46%

Dr Reddy’s ▼ -2.99%

Coal India ▼ -2.40%

BEL ▼ -1.54%

Nifty50 opened on a positive note, moving higher through the session and closing near the day’s high. In the derivatives space, strong put writing at the 26,000PE (67.13L) establishes this level as a firm support zone. On the other hand, notable call writing at the 26,200CE (21.29L) indicates emerging resistance at 26,200.

Takeaway:
The index is consolidating within a narrow range of 26,000–26,200, and a breakout on either side could define the next directional move.

• Vedanta’s demerger application at NCLT faces delay. Vedanta seeks early rehearing; NCLT to resume hearings on November 12.

• Insolation Energy bags turnkey project order worth ₹232.36 crore.

• Coal India Q2 results: Net profit falls 30% to ₹4,263 crore.

• KPI Green receives LoI for an order worth ₹1,050 crore.

• APL Apollo Tubes Q2 net profit rises to ₹301.5 crore from ₹54 crore YoY; revenue up 9% to ₹5,206.3 crore.

• Solarworld signs binding term sheet for EPC project worth ₹803 crore.

• Varun Beverages Q2 net profit up 20% to ₹742 crore from ₹619 crore YoY.

Spotted: Cup & Handle pattern

Structure: Forms after a prior uptrend, where the price first creates a rounded “cup” followed by a smaller “handle” consolidation. It reflects a healthy pause before the next potential leg higher, as the market shakes out weak hands.

Validation: A BO above the neckline of the handle confirms bullish continuation, signaling renewed buying momentum.

Trading Insight: Often marks accumulation by smart money, as the handle phase allows for a low-volume pullback before buyers step in. Traders typically wait for a decisive breakout with volume surge to confirm entry.

That’s a wrap for today’s action-packed session! We’ll be back in your inbox on October 30, 2025, with more sharp insights, fresh trends, and signals from the markets.