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5d ago

Nifty Reclaims 25,000 on Bank, IT Gains

Bank-led momentum faces a key 25,100 hurdle ahead of earnings.

American flags are displayed on screens on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2025. REUTERS/Jeenah Moon/File Photo
With the government shut down, investors are playing the gold card.
Traders work on the floor as screens display the logo for Chevron Corp. at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. REUTERS/Brendan McDermid/File Photo
The trading room of Frankfurt's stock exchange (Boerse Frankfurt) is reflected in the window of the visitor's gallery during afternoon trading session in Frankfurt Germany, February 23, 2016. REUTERS/Kai Pfaffenbach

Overview

  • Benchmarks rose for a third straight session, with the Sensex up 582.95 points to 81,790.12 and the Nifty up 183.40 points to 25,077.65 on buying in financials and IT.
  • Bank Nifty outperformed after strong quarterly business updates from large lenders such as HDFC Bank and Kotak Mahindra Bank, reinforcing sector leadership.
  • Provisional exchange data showed foreign investors were net sellers of about Rs 1,583 crore on Friday, while domestic institutions continued to lend support.
  • Analysts highlight 25,050–25,100 as resistance and 24,600–24,550 as support for the Nifty to determine whether the rebound can sustain.
  • Key near-term drivers include Q2 results starting Oct 9 (with TCS on deck) and large IPOs like Tata Capital and LG Electronics India, alongside global cues from an AMD–OpenAI chip deal and the U.S. government shutdown delaying data releases.