Indian stock markets are expected to open with a positive bias on Wednesday, October 15, 2025, tracking trends in the GIFT Nifty and mixed global cues.
Market Performance on October 14, 2025:
On Tuesday, October 14, the Indian stock market closed in the red for the second consecutive session due to broad-based selling. The Sensex fell by 297.07 points, or 0.36%, to close at 82,029.98, while the Nifty 50 declined 81.85 points, or 0.32%, to settle at 25,145.50. All major sectoral indices ended in the red, with pharma, consumer durables, metals, media, and PSU banks being the worst hit, declining between 1% and 1.5%. The Nifty Midcap 100 was down 0.75%, and the Smallcap 100 was lower by 0.89%.
Global and Domestic Cues:
Weak trends in Asian markets and fresh foreign fund outflows contributed to the negative sentiment on Tuesday. Renewed US-China trade tensions also reignited risk aversion, prompting a shift toward safe-haven assets. European markets ended lower, which may continue to exert pressure on Indian equities. The DAX was down 1.08%, the CAC 40 slipped 0.95%, and the FTSE 100 eased 0.40%.
GIFT Nifty:
The GIFT Nifty was trading around 25,287, a premium of nearly 81 points from the Nifty futures' previous close, indicating a positive start for the Indian benchmark index. As of 6:36 a.m. IST, the GIFT Nifty was trading 0.04% or 10.50 points higher at 25,276, implying a muted open with a positive bias.
Analysts' Perspectives:
Analysts expect the Nifty to consolidate between 24,800 and 25,300 in the near term, with 25,000 acting as a key support level. Broader markets may remain under pressure as mid- and small-cap indices show signs of fatigue.
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, noted that the Nifty 50 formed a bearish candle on the daily chart, resembling a bearish engulfing pattern, signaling some more consolidation or minor weakness in the short term. According to Rajesh Bhosale, equity technical analyst at Angel One, a sustained move below the 25,050 zone could trigger further weakness. The 25,300–25,350 band remains a stiff resistance zone, and a decisive breakout above this would likely resume the upward momentum. Shrikant Chouhan, head of equity research at Kotak Securities, believes that a fresh sell-off is possible only if the level of 25,050 is breached.
Key Stocks to Watch:
Stocks like Tech Mahindra, Axis Bank, Ola Electric, ICICI Lombard, and Vedanta are expected to be in focus. Data centre-related stocks may also remain in focus.
Nifty Technical Levels:
The highest Nifty Call Open Interest (OI) was seen at the 25,200 strike, indicating strong resistance, while the maximum Put Open Interest was concentrated around the 25,000 levels, marking key support zones for the index in the near term. Immediate support for Nifty is placed at 25,000, while resistance is seen at 25,200–25,300. Near-term support levels are at 24970/24862 and resistance levels are at 25321/25429.
Bank Nifty:
Bank Nifty is also signaling towards consolidation. Resistance will be at 57,000, with support placed at 55,600. According to Ponmudi R, chief executive officer of Enrich Money, as long as the index holds above 56,000, sentiment remains positive; a move above 56,700–56,900 could trigger a short-covering rally toward 57,300, while a break below 56,000 may drag it down to 55,500.
