The domestic market is poised for an eventful session as the Nifty 50 inches closer to the 26,000 mark, the level that traders have been eyeing for weeks.
After a strong rally in recent sessions, sentiment remains upbeat, supported by earnings from heavyweight sectors and sustained foreign inflows. However, market participants are also cautious, awaiting fresh cues.
Analysts suggest that the Nifty’s immediate resistance lies near the 26,000 zone. In the short term, a rally towards 26,000/26,200 looks possible, while support is placed at 25,700,” Rupak De, Senior Technical Analyst at LKP Securities, said.
Meanwhile, market experts suggest that the long-term outlook for equities remains constructive.
Investors will also watchout for upcoming earnings announcements, global market trends, especially US Treasury yields and crude oil prices.
The performance of IT and banking stocks, which collectively carry significant weight in the index, will also be in focus.
Equity indices ended marginally higher in the special Muhurat Trading session on Tuesday. Vinit Bolinjkar – Head of Research – Ventura, said, “We are targeting 27,600 for the Nifty in the next Samvat. Similarly, we expect the Sensex to reach 90,100 during the same period”
Key drivers for this potential upside include a domestic consumption-driven earnings revival from Q3FY26, a possible US–India trade deal, and fiscal and monetary support, including rate cuts and increased government capex, he added.
Market is closed on Wednesday, October 22, 2025, on account of Balipratipada. In the last trading session, Nifty ended at 25,868.60, up 25.45 points or 0.10 per cent, and Sensex closed at 84,426.34, up 62.97 points or 0.07 per cent.
Published on October 22, 2025
