Indian stock markets showed strength on October 8, 2025, as the Nifty 50 and Sensex climbed for the fourth straight day, fueled by strong banking shares and positive global signals. Investors eyed ongoing US-India trade talks and Trump tariffs, while gold prices added to the mix of factors shaping trade setups.
Market Gains and Key Highlights
The BSE Sensex jumped 136.63 points to close at 81,926.75, marking a 0.17 percent gain after touching an intraday high of 82,309.56. Meanwhile, the Nifty 50 added 30.65 points, ending at 25,108.30 with a 0.12 percent rise in a session full of ups and downs.
Broader indices also joined the rally, with mid-cap stocks up 0.5 percent and small-cap ones gaining 0.3 percent. Financial sectors led the charge, up 0.2 percent for the sixth day in a row, thanks to big players like HDFC Bank and ICICI Bank, each rising 0.9 percent. This came amid recent Reserve Bank of India reforms that boosted lender confidence.
Twelve out of 16 major sectors ended higher, showing wide market support. Domestic investors played a key role, stepping in to buy as foreign flows stayed watchful.
Impact of Trump Tariffs and Trade Deals
US President Donald Trump’s recent tariff threats have stirred global markets, including India. He proposed extra duties on imports from countries like China, Canada, and Mexico, but India is in talks for a potential US-India trade deal that could ease tensions.
Analysts point out that any new tariffs might hit Indian exports in sectors like pharmaceuticals and IT, yet the ongoing negotiations offer hope for balanced terms. For instance, Trump’s team has paused some hikes for nations willing to discuss, giving India a 90-day window.
Gold prices, often a safe haven during trade worries, hit new highs around $2,700 per ounce, influencing investor moves. This ties into broader economic shifts, like rising US bond yields at 4.16 percent and a dollar index near 97.90, which could pressure emerging markets.
Analyst Views on Trade Setup
Experts see the Nifty 50 in a consolidation phase after testing resistance at 25,200 to 25,250. Vatsal Bhuva from LKP Securities noted selling pressure at highs, but support holds strong at 24,900, aligned with the 50-day moving average.
Vinod Nair of Geojit Investments highlighted mixed sectoral results, with financials shining but fast-moving consumer goods lagging due to weak updates. The focus now shifts to second-quarter earnings for fiscal 2026, expected to reveal recovery signs in the third quarter.
In derivatives, open interest built up at 25,000 put and 25,200 call strikes, pointing to a trading range of 24,950 to 25,300. Global cues remain positive, with US markets mixed: Dow Jones down 0.14 percent, but Nasdaq up 0.71 percent.
Key support and resistance levels include:
- Support: 24,950 to 25,000
- Resistance: 25,250 to 25,300
- Potential breakout above 25,300 could target 25,500
Stocks to Buy or Sell Today
Based on current trends, analysts recommend eight stocks for intraday trades, factoring in Trump tariffs, trade talks, and gold price surges. These picks span banking, IT, and commodities, with targets and stop-losses for risk management.
Here’s a table summarizing the recommendations:
| Stock Name | Buy/Sell | Entry Price | Target Price | Stop Loss |
|---|---|---|---|---|
| HDFC Bank | Buy | 1,650 | 1,700 | 1,620 |
| ICICI Bank | Buy | 1,200 | 1,250 | 1,180 |
| Infosys | Buy | 1,850 | 1,900 | 1,820 |
| Tata Motors | Sell | 950 | 900 | 970 |
| Reliance Industries | Buy | 2,900 | 3,000 | 2,850 |
| SBI | Buy | 800 | 850 | 780 |
| TCS | Buy | 4,200 | 4,300 | 4,150 |
| Hindustan Unilever | Sell | 2,700 | 2,600 | 2,750 |
These suggestions come from technical patterns and market sentiment, with banking stocks favored amid RBI support.
Outlook for Coming Sessions
Looking ahead, markets may stay range-bound until the Reserve Bank of India’s policy decision and more earnings reports. Positive global factors, like steady crude oil at $65.60, could help, but tariff risks loom.
Investors should watch US-India trade progress, as a deal might lift exports and ease inflation worries. Recent events, such as the MSCI rebalancing that turned foreign investors into net buyers, add to the upbeat mood.
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