Market Wrap

Indian equities extended their losing streak for the second straight session on October 15, 2025, as expiry-related volatility and muted institutional participation kept sentiment subdued. The Nifty 50 opened on a firm note but quickly lost traction, breaking below recent support levels to hit an intraday low of 25,060 before a mild recovery pared some losses. The index finally settled 0.32% lower, just under 25,150. Broad-based selling was seen across sectors, with traders preferring to book profits ahead of major Q2 earnings announcements. Globally, markets offered little comfort U.S. indices ended mixed amid renewed uncertainty around the Federal Reserve’s rate trajectory, while fluctuations in crude oil and silver prices added to the cautious tone. On the macro front, India’s September CPI inflation eased to a seven-year low of 1.54%, sparking speculation of a rate cut in the next RBI policy meeting.

What's Ahead

The Nifty now faces strong resistance at 25,200–25,360 levels, while key supports lie at 25,045 and 24,965. Market action is expected to remain range-bound as investors await Q2 earnings from major banks and IT players. A decisive close above 25,300 could trigger short covering, whereas a break below 25,000 may accelerate selling pressure. In the near term, traders will keep a close eye on foreign fund flows, commodity market swings, and the outcome of the delayed U.S.–Japan trade review, all of which could shape market direction in the coming sessions.

Market Snapshots

Institiutional Activity

Sectoral Performance

Technical Outlook

Nifty 50

The NIFTY 50 extended its losing streak, slipping 81.85 points or 0.32% to close at 25,145.5, reflecting a broad-based decline amid cautious sentiment and profit booking. Despite modest support from Wipro, Tech Mahindra, and Max Healthcare, selling pressure in heavyweight names such as TCS, Bajaj Finance, and Axis Bank dragged the index lower. The Nifty opened on a positive note at 25,277 but failed to sustain gains, slipping to an intraday low of 25,060 before settling near the day’s bottom. Market breadth remained weak, with 40 declines against just 10 advances, indicating sector-wide selling across banking, autos, metals, and IT. The RSI dropped below 60, signaling a loss of bullish momentum and potential consolidation ahead. Immediate support lies at 24,970 and 24,862, while resistance is seen at 25,321 and 25,429. A break below 25,000 could open the door for further downside, whereas a sustained move above 25,300 may revive short-term buying interest.

Bank Nifty

The Bank Nifty slipped 128.55 points or 0.23% to close at 56,496.45, as weakness in mid-tier and PSU banks overshadowed resilience among index heavyweights. Despite a steady performance from HDFC Bank and ICICI Bank, the broader banking space witnessed selling in names like Canara Bank, Bank of Baroda, and PNB, reflecting continued risk aversion. The index saw intraday volatility — opening firm, dipping to 56,230, and recovering modestly by the close. While RSI remains above 60, indicating underlying strength, momentum has slowed amid expiry-related pressures and global trade concerns. Near-term support levels are placed at 55,896 and 55,525, while resistance is seen at 57,097 and 57,468. Sustaining above 56,800 could see a rebound, while a slip below 55,900 might trigger deeper corrective moves.

Sensex

The SENSEX fell 297 points or 0.36% to close at 82,029.98, dragged lower by weakness in IT, banking, and industrials. While ICICI Bank, Hindustan Unilever, and Tech Mahindra provided limited cushioning, heavyweights such as Bajaj Finance, TCS, Axis Bank, and IndusInd Bank led the decline. Broader market sentiment stayed weak, with only seven of thirty constituents ending higher, signaling widespread profit-taking ahead of key earnings announcements. The index is showing early signs of consolidation after recent highs, with near-term support at 81,443 and 81,079, and resistance at 82,617 and 82,981. A close below 81,400 may accelerate profit booking, while recovery above 82,600 could restore bullish momentum.

FINNIFTY

The FINNIFTY ended 56.95 points or 0.21% lower at 26,828.3, dragged down by weakness in Bajaj Finance, Axis Bank, and HDFC AMC despite gains in ICICI Bank and ICICI Lombard. The market breadth leaned negative, with 14 of 20 constituents closing lower, indicating persistent caution within financials. While ICICI Group stocks and Shriram Finance provided selective strength, the overall tone remained risk-off amid muted institutional activity. RSI signals mild fatigue following a multi-session uptrend. Near-term support stands at 26,572 and 26,413, while resistance is placed at 27,085 and 27,243. A sustained move above 27,100 could signal a near-term reversal, but failure to hold 26,600 may lead to further weakness.