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2h ago

Nifty Eyes 25,100 Break as TCS Results and Fed Minutes Take Center Stage

Upcoming TCS results plus Fed minutes could determine whether the bank-led bounce carries Nifty beyond the 25,100 pivot.

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Overview

  • Benchmarks closed the week higher with Sensex at 81,207 and Nifty at 24,894, as banking and PSU bank indices led gains alongside broad-based buying.
  • Technical analysts flag resistance near 25,050–25,100 with support around 24,600; a sustained move above 25,100 could open room toward roughly 25,400.
  • TCS will kick off Q2 earnings on October 9, with investors focused on deal wins, AI plans, hiring trends and exposure to US policy changes, and its board is set to consider a second interim dividend.
  • The Federal Reserve releases September meeting minutes on October 8 and an unresolved US government shutdown is a risk that could inject volatility into global and Indian markets.
  • Foreign investors remained net sellers in September at Rs 23,885 crore while domestic buying provided support, and a busy IPO slate led by Tata Capital and LG Electronics is expected to keep retail interest engaged.