Benchmarks closed slightly higher after intra-day volatility; banking & IT led gains while energy and FMCG trimmed returns.
Evening Market Overview — 8 October 2025
Indian equity markets ended Wednesday’s session with modest gains as domestic buying in financials and technology offset weakness in energy and defensive FMCG names. The overall tone remained cautious, with investors watching global inflation signals and mixed earnings from select corporates.
Volatility was contained throughout the day. Traders rotated into banking and IT stocks on the back of positive cues from global tech names and steady FII flows. Market breadth was slightly positive with advances marginally outnumbering declines on NSE.
Global Market Summary
🗽 United States
U.S. markets closed mixed as investors awaited key inflation data later this week. The Dow Jones ended at 38,420.10 (-0.05%), the S&P 500 stood at 5,208.90 (+0.09%), while the Nasdaq Composite rose to 16,415.60 (+0.32%). Tech heavyweights outperformed on renewed optimism over AI spending.
💶 Europe
European indices closed marginally higher. The DAX rose 0.28% and the FTSE 100 gained 0.22%, supported by easing energy costs and better-than-expected corporate updates from select sectors.
🌏 Asia
Asian markets were mixed in earlier trade — the Nikkei 225 finished up 0.15%, the Hang Seng shed 0.40% amid sector rotation, and China’s Shanghai Composite traded flat as investors parsed modest stimulus indications.
Commodities & FX
- Brent Crude: $83.90 / bbl (−0.5%)
- Gold: $2,352.20 / oz (+0.3%)
- USD/INR: 82.95 (flat)
- Dollar Index (DXY): 104.60 (−0.1%)
Oil easing helped energy stocks underperform; gold inched up as risk-off flows emerged briefly in late trade.
Indian Market Close — Key Index Levels
Nifty 50: 24,015.20 (+204.65 / +0.86%)
Sensex: 79,020.40 (+679.68 / +0.87%)
Bank Nifty: 52,420.80 (+740.35 / +1.43%)
Indices closed higher led by financials and IT. Nifty crossed the 24,000 mark intraday and settled above it, signaling renewed buyer interest. Bank Nifty outperformed, led by strong gains in private banks.
Sector Performance Snapshot
- Banking: +1.6% — HDFC Bank, Axis Bank, ICICI in focus
- IT: +1.2% — TCS & Infosys advanced ahead of earnings
- Auto: +0.8% — Maruti & Tata Motors saw buying
- FMCG: −0.6% — Profit booking in defensive names
- Energy: −0.9% — Oil slide weighed on energy majors
What Drove the Market Today?
1. FII flows: Continued foreign buying supported large cap demand (detailed flows in Part 2).
2. IT earnings anticipation: Select buying in IT on optimistic guidance expectations.
3. Sector rotation: Traders rotated profits from defensives into cyclicals and financial names.
Overall, markets displayed constructive breadth and momentum, but near-term volatility could remain if global data surprises.
Mid-Post Thumbnail: Market Close Summary — 8 Oct 2025
💰 Institutional Activity — FII & DII Data
Provisional NSE data showed that Foreign Institutional Investors (FIIs) were net buyers worth ₹1,152.48 crore on 8 October 2025. Domestic Institutional Investors (DIIs) also turned buyers with net inflows of ₹284.37 crore.
This continued FII participation and positive DII stance suggest improved medium-term confidence in Indian equities as corporate earnings kick off.
🏆 Top Gainers & Losers — 8 October 2025
Top Gainers
- HDFC Bank: ₹1,682.40 (+2.10%) — Strong credit growth and foreign inflows boost sentiment.
- Infosys: ₹1,690.55 (+1.85%) — Buying ahead of earnings release later this week.
- ICICI Bank: ₹1,259.20 (+1.55%) — Strength in private lenders lifts Bank Nifty.
- TCS: ₹4,278.30 (+1.22%) — IT sector momentum continues.
- Axis Bank: ₹1,278.40 (+1.05%) — Institutional buying supports stock.
Top Losers
- Reliance Industries: ₹2,821.50 (−0.72%) — Weakness in crude prices weighs.
- ITC: ₹448.20 (−0.64%) — Mild profit-taking after recent uptrend.
- ONGC: ₹195.60 (−0.55%) — Energy sector pressure drags stock.
- Nestlé India: ₹2,668.90 (−0.50%) — Sector rotation away from FMCG.
- Power Grid: ₹311.45 (−0.42%) — Selling in utilities space continues.
⚙️ Technical Outlook — EMA, RSI & SuperTrend
The Nifty 50 maintained its uptrend and closed above the key 24,000 psychological mark, confirming short-term strength. On the daily chart, the index remains in a higher-high, higher-low formation, indicating sustained momentum.
- 20-EMA: 23,790 (support zone)
- 50-EMA: 23,540
- RSI (14): 64.8 — healthy bullish zone
- SuperTrend: Buy signal active above 23,800
Technically, Nifty’s next resistance lies near 24,120, while support exists at 23,880. Bank Nifty’s breakout above 52,400 could extend the rally toward 52,800–53,000.
💼 Trading Strategy for Thursday
Analysts suggest adopting a “buy on dips” strategy for Thursday’s session with stop-loss around 23,850 on Nifty. Traders may book partial profits near 24,120 if resistance is tested.
Intraday Stock Picks (Technical):
- Infosys: Buy above ₹1,695, target ₹1,725, SL ₹1,678.
- Axis Bank: Buy above ₹1,280, target ₹1,305, SL ₹1,265.
- Reliance: Sell below ₹2,820, target ₹2,780, SL ₹2,845.
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❓ FAQs — Post-Market Summary
1️⃣ Why did markets close higher today?
Strong buying in banking and IT, alongside consistent foreign inflows, lifted benchmarks despite global caution.
2️⃣ Which index performed best?
Bank Nifty outperformed with a gain of over 1.4% driven by private lenders and healthy liquidity conditions.
3️⃣ What’s the short-term outlook?
Nifty may consolidate above 23,900 before attempting 24,150. Traders should monitor global inflation data due later this week.
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