Stock Market Update: Sensex, Nifty 50 Poised for Positive Start on Global Rally

The Indian stock market is likely to open in positive territory on October 24, 2025, after strong cues from global markets and a fresh optimism in domestic sentiment. The Gift Nifty was trading at 26,022, showing a positive trend at a premium of nearly 46 points over Thursday's close.

On Thursday, the markets continued their winning streak for the sixth consecutive session, with Sensex rising 130 points (0.15%) to 84,556.40, and Nifty 50 increasing 22.80 points (0.09%) to close at 25,891.40.

Sensex Outlook: Support at 84,000, Resistance Near 85,500

Analysts remain cautiously optimistic about Sensex, with short-term resistance at the 84,800 range. If Sensex falls below 84,800, profit-taking may persist and drive the index lower, to the 84,300-84,000 zone.

A sustained move above this level could open the way for 85,300-85,500. A bearish candle has formed on the daily chart, showing weakness in the near term; however, the overall market structure is still bullish.

Nifty 50 Prediction: Resistance at 26,100, Support at 25,700

On Thursday, Nifty 50 formed a large bearish candle, indicating some mild selling at higher levels. Immediate support is at 25,700, while a strong break above 26,100 could push the index towards 26,300-26,400.

Analysts at SBI Securities shared similar views and noted that although momentum indicators such as the RSI remain strong, traders may wish to adopt a buy-on-dips stance as the index consolidates above key moving averages.

On the options market, call open interest is highest at the 26,000 strike, with strong put writing at 25,850, indicating a short-term cap at about 26,000.

Bank Nifty View: Consolidation Likely with Positive Bias

Bank Nifty index finished at 58,078.05, up 70.85 points (0.12%) on Thursday. Analysts pointed to slight weakness on hourly charts, but the overall structure is still bullish.

Support level remains at 57,800-57,700. Unless the index closes below this, the uptrend should persist. Resistance is at 59,000, while some consolidation is expected in the near term.

Also Read: US Stock Market Today: NASDAQ Gains 0.7% & S&P 500 Rises 0.4%, as Oil Prices Surge and Rate-Cut Hopes Build Ahead of CPI Report

Key Triggers to Watch

• The possible trade agreement between India and the US had brought optimism for the IT and textile sectors.

• Crude oil prices saw a spike of over 4% following the sanctions imposed by the US on certain Russian energy exports, which might weigh on the oil-dependent industries.

• The strong Q2 results released by Hindustan Unilever and sustained auto sales activity supported by the festive season might add to support for domestic equities.
  

Due to strong global cues, favorable sectoral tailwinds, and improving investor sentiment, analysts expect Indian indices will carry a positive bias through the session, although intermittent profit booking cannot be ruled out.