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Informist, Friday, Oct. 24, 2025

 

By Akash Mandal

 

MUMBAI – Benchmark indices are likely to consolidate in the next few sessions after the near 3% gain they notched during their six-session winning run. However, a slight correction is healthy and will propel the market further, analysts said. Some analysts expect a trade deal announcement between the US and India to be a key trigger for the market. 

 

On being asked if the Nifty 50 could still hit an all-time high in the near term, Ajit Mishra, senior vice president – research at Religare Broking, said, "...possible, citing the favorable cues from earnings and stability on the global front." Consolidation is expected and is, in fact, healthy for the market, but a sharp downside is not expected in the market, Mishra added. 

 

On Friday, the Nifty 50 ended the day's session at 25795.15 points, down 96.25 points or 0.4%. The BSE Sensex closed at 84211.88 points, down 344.52 points or 0.4%. The 50-stock index is seen moving in a range of 25750-26000 points in the near term, technical analysts said.

 

"Technically, on weekly charts, the index has formed a shooting star kind of  formation, and on daily charts, a reversal pattern has emerged, which supports a temporary weakness...however, the short-term market outlook remains positive," Amol Athawale, vice president of technical research at Kotak Securities, said in a note. "We believe that the short-term market setup is still favourable, but traders may adopt a strategy of buying on corrections and selling on rallies," he added. 

 

The 26000 mark serves as a significant resistance point for the Nifty 50 currently, Osho Krishan, senior analyst of technical and derivatives at Angel One, said in a note. "A decisive and sustained breakthrough beyond this threshold could potentially reignite momentum and lead the Nifty 50 index towards the record high zone in the upcoming trading sessions," he said. 

 

On the earnings front, Kotak Mahindra Bank is set to announce its September quarter earnings Saturday. On Monday, Indian Oil Corp., Sona BLW Precision Forgings, Indus Towers, Supreme Industries, Adani Energy Solutions, SRF, and Mazagon Dock Shipbuilders will report their quarterly numbers. Kotak Bank is expected to report a net profit of INR 33.38 billion for the September quarter, broadly unchanged from the year-ago quarter. Most brokerages expect moderation in the net interest margin as they see net interest income growing nearly 4% on year, slower than average loan growth.  End

 

Edited by Akul Nishant Akhoury

 

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