Stock Market Update: Sensex, Nifty 50 Set for Positive Start After Israel-Hamas Peace Deal, Bank Nifty May Consolidate

The Indian equity markets on October 9, 2025, are ready for a strong opening backed by positive global signals and easing geopolitical tensions after the news of the Israel-Hamas ceasefire talks. The Gift Nifty was around 25,152, with a premium of about 32 points over the last close of Nifty futures.

Global and Domestic Sentiment

Global stock markets increased sharply after reports revealed that Israel and Hamas agreed to phase one of a potential ceasefire and hostage release agreement. Easing tensions across the Middle East have lifted risk appetites, leading to Asian and European market indices to rebound.

Domestically, the Sensex and Nifty 50 had snapped a four-day winning streak on Wednesday amid profit booking. The Sensex declined 153 points (0.19%) to close at 81,773.66, while the Nifty 50 slipped 62 points (0.25%) to end at 25,046.15. Analysts now expect a short-term consolidation phase before any renewed upward momentum.

Sensex Outlook

The Sensex has formed a reversal pattern, indicating some near-term weakness. The index faces resistance near 82,000, with the possibility of further weakness to the downside at 81,500-81,300.

However, a breakout above 82000 could trigger a breakout toward 82,300-82,500. Due to markets currently being volatile and non-directional, traders would be wise to consider a cautious approach.

Nifty 50 Technical View

The Nifty 50 formed a red candle with a long upper shadow, signaling profit booking at higher levels. Nagaraj Shetti of HDFC Securities noted that the index remains in a minor corrective phase, with support likely to emerge around 25,000-24,900.

Meanwhile, Sudeep Shah of SBI Securities noted that Nifty remains above key moving averages; therefore, the overall structure remains positive. He expects the index to consolidate between 24,900-25,450, with resistance near 25,200 and support around 24,950.

Bank Nifty Prediction

The Bank Nifty fell 221 points (0.39%) to 56,018.25, forming a spinning top pattern, a sign of indecision after a strong six-session rally. Analysts highlighted that while the index remains strong in the medium term, it may consolidate between 56,500-55,500 in the short term.

A decisive move above 56,500 could push it toward 57,300-57,600, whereas supports lie near 55,500-55,000.

Also Read: US Stock Market Today: S&P 500 gains 0.6%, Dow rises 0.4%, NASDAQ gains 0.9%, Gold climbs 1.5%

Sectoral Trends

On Wednesday, sectoral performance was mixed. The IT stocks were the biggest performers, rallying over 1.5% in anticipation of TCS's Q2 results. Meanwhile, Consumer Durables also increased by 0.8%. The indices in Media (-1.7%) and Auto (-1.5%), and the PSU Bank indices declined.

Titan shares were in focus after the company reported 19% year-on-year growth in its domestic jewellery segment. Base metal prices also extended gains, reflecting stronger industrial demand.