The Indian stock market is set for another volatile session on 10 October 2025 as investors react to overnight U.S. tech earnings, oil price movements, and domestic inflation data expectations. After Thursday’s strong close, sentiment remains cautiously optimistic, with traders watching whether the Nifty 50 can hold above the key 24,200 mark.
🌐 Global Market Overview
- US Markets: Wall Street ended mixed; Dow +0.3%, Nasdaq -0.4%. Investors awaited fresh CPI data.
- Asian Markets: Nikkei and Hang Seng opened flat; Chinese indices saw mild profit booking.
- US Dollar Index: Steady near 104.9 — mild pressure on emerging currencies.
- Brent Crude: Around $84.2 per barrel, indicating limited inflation risk.
💰 SGX Nifty Trend & Opening Outlook
As of 7:30 AM IST, SGX Nifty traded near 24,265 — up by 30 points, suggesting a mildly positive start for domestic indices. The tone remains constructive as FII flows stay positive and domestic mutual fund inflows continue.
💹 Nifty, Sensex, and Bank Nifty Key Levels
| Index | Support | Resistance | Bias |
|---|---|---|---|
| Nifty 50 | 24,100 / 24,020 | 24,320 / 24,420 | Positive |
| Sensex | 79,000 | 79,600 | Positive |
| Bank Nifty | 52,300 | 52,800 | Bullish |
🏦 Sector & Stock Watch
- IT Stocks: TCS & Infosys likely to stay in focus after earnings commentary.
- Banks: Continued accumulation expected in HDFC Bank, ICICI Bank, and Axis Bank.
- Energy: Reliance and ONGC may react to overnight crude weakness.
- Auto: Festive demand optimism keeps Maruti, Tata Motors, and M&M attractive.
📊 Technical Outlook — SuperTrend & EMA View
The Nifty continues to trade above its 20-EMA and 50-EMA, confirming a short-term uptrend. SuperTrend also remains in buy mode since the 23,900 breakout. As long as Nifty sustains above 24,100, traders should maintain a buy-on-dips approach.
📈 Stocks in Focus Today
- Infosys: Expected to trade actively post-earnings; watch 1,700 resistance.
- HDFC Bank: Continues strong momentum; next target 1,725.
- Tata Motors: Positive bias with strong volume support above ₹1,040.
- Reliance: Mild consolidation; watch ₹2,820–2,880 range.
- ICICI Bank: Support at ₹1,250; breakout possible above ₹1,265.
🌍 Global Macro Factors to Watch
- US CPI data release later today — may trigger global volatility.
- Brent crude and USD/INR stability key for short-term inflation outlook.
- Asian liquidity flows improving — positive for emerging markets like India.
📅 Economic Events to Watch
| Event | Time (IST) | Impact |
|---|---|---|
| US CPI (YoY) | 6:00 PM | High |
| India IIP Data | 5:30 PM | Medium |
| Bank of Japan Governor Speech | 11:00 AM | Moderate |
💼 Trading Strategy — Pre-Open Gameplan
Traders should adopt a cautious yet optimistic stance. The market tone is constructive, but with CPI data due later, intraday volatility may increase during the second half. A buy-on-dip approach around 24,100–24,120 remains valid as long as the 24,000 support holds.
- Short-Term View: Bullish above 24,200.
- Intraday View: 24,150–24,350 trading range.
- Risk Zone: Breakdown below 24,000 may invite profit booking.
📘 Related Reading & Tools
- 📊 Stock Market Tools Hub India 2025
- 🔥 How to Pick Multibagger Stocks in India (2025 Guide)
- 📗 Fundamental vs Technical Analysis Explained
🧭 Conclusion
The Indian market enters Friday’s trade with a mildly positive bias, supported by stable global cues and strong FII participation. Technicals indicate continued momentum as long as Nifty holds 24,100. Traders should track banking and IT stocks closely for early momentum cues.
❓ FAQs — 10 October 2025 Market Opening
1. What is today’s Nifty outlook?
Nifty is likely to open mildly higher near 24,250 with support at 24,100. Maintain a bullish bias above this level.
2. Which stocks to watch today?
Infosys, HDFC Bank, Tata Motors, and Reliance are expected to remain in focus.
3. Is it safe to trade ahead of CPI data?
Traders should reduce position size and maintain strict stop losses as volatility may rise in the second half.
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