India’s stock market showed fresh strength on October 6, 2025, with the Nifty 50 and Sensex climbing for the second straight day. Positive global trends, upcoming earnings reports, and key events like the Tata Capital IPO drove investor interest, while experts highlighted eight stocks for potential buys or sells.
Market Rally Continues in Second Session
The BSE Sensex jumped 223.86 points to close at 81,207.17, marking a 0.28 percent rise. Traders saw active buying in metals and telecom sectors, pushing the index up despite some midday swings between 80,649.57 and 81,251.99.
The Nifty 50 followed suit, adding 57.95 points to end at 24,894.25, up 0.23 percent. Over the week, both indices gained about 0.97 percent, reflecting steady recovery from recent dips. This uptick comes as markets digest global cues and prepare for quarterly results.
Investors focused on strong support levels, with the Nifty holding above its 100-day moving average. Weekly gains totaled 780.71 points for Sensex and 239.55 for Nifty, signaling renewed confidence.
Trade Setup and Key Levels for Nifty 50
Analysts expect the Nifty 50 to stay in a mildly bullish range between 24,750 and 25,100. Support sits firm at 24,750, near the 100-day exponential moving average, while resistance looms at 25,000 to 25,100.
Put writing at 24,800 points to solid backing, and open interest peaks at 25,000 confirm this zone as a hurdle. If the index breaks above 25,000, it could aim higher, but dips below support might test 24,500.
Global market stability and expected earnings growth in the second half of fiscal 2026 add to the positive vibe. Recent Federal Reserve rate cuts could boost foreign inflows, easing India’s premium over other emerging markets.
Traders should watch for volatility from US policy shifts and trade news. A good monsoon season and seasonal demand may further support gains.
Eight Stocks Recommended for Today
Experts picked eight stocks for intraday trades based on technical patterns and momentum. These include banking, finance, auto, pharma, and engineering names showing bullish signs.
Here is a table summarizing the recommendations with buy prices, targets, and stop losses:
| Stock Name | Buy Price | Target Price | Stop Loss |
|---|---|---|---|
| Indian Bank | 765.95 | 818 | 740 |
| Poonawalla Fincorp Ltd | 524.40 | 562 | 506 |
| TVS Motor Company Ltd | 3,447 | 3,700 | 3,350 |
| JB Chemicals & Pharmaceuticals Ltd | 1,668 | 1,750 | 1,640 |
| Punjab National Bank | 114 | 119 | 109 |
| HBL Engineering Ltd | 846.50 | 900 | 826 |
| Techno Electric & Engineering Company Ltd | 1,372 | 1,440 | 1,344 |
| CG Power and Industrial Solutions Ltd | 747 | 785 | 730 |
These picks show patterns like higher highs and lows, with strong volume support. For instance, Indian Bank hit a new all-time high, backed by rising moving averages.
Poonawalla Fincorp broke out from a rounding bottom, suggesting more upside. Traders are advised to use strict risk management.
Global Events Shaping Market Sentiment
The ongoing Israel-Hamas conflict adds uncertainty, but markets have so far shrugged it off with focus on positive global momentum. Tensions in the Middle East, including Iran-Israel issues, could spark volatility in oil prices and trade.
Meanwhile, the Tata Capital IPO, set to open soon, draws attention as a major listing event. It ties into broader financial sector strength, with expected inflows from foreign investors after the Fed’s 25-basis point cut.
US earnings season starts this week with big banks reporting, which might influence global flows. India’s markets benefit from moderated valuations, making it attractive for allocations.
Recent data shows foreign institutional investors turning net buyers, aiding the rally. Domestic factors like a strong monsoon bolster sectors such as agriculture and consumer goods.
Outlook for Earnings and Future Trends
Looking ahead, second-half fiscal 2026 earnings are projected to grow robustly, driven by demand in key sectors. Analysts forecast Nifty 50 could push toward 25,500 if global cues stay favorable.
Key influences include:
- Rate easing by central banks, boosting liquidity.
- Seasonal festive demand lifting retail and auto stocks.
- Potential FII inflows as emerging markets gain appeal.
However, short-term swings may come from geopolitical risks or policy changes. Weekly charts show positive divergence, hinting at sustained momentum if supports hold.
Traders should monitor Gift Nifty futures, trading around 24,962, for opening signals. Overall, the setup favors cautious optimism.
Share your thoughts on these stock picks or market trends in the comments below, and feel free to pass this article along to fellow investors.
