Overview

• Benchmarks rose for a second session, with the Sensex up 329 points to 82,501 and the Nifty up 104 to 25,285.
• Buying concentrated in banking and pharma with a selective rebound in technology shares lifting broader market tone.
• Sentiment drew support from the RBI’s repo rate hold at 5.5% and a reversal in foreign flows, with FIIs net buying Rs 1,751 crore during Oct 6–10.
• Key catalysts now include India’s CPI on Oct 13, WPI on Oct 14, and a packed Q2 results slate featuring Infosys, HCL Tech, Wipro, LTIMindtree, Tech Mahindra, Axis Bank, HDFC Bank, and ICICI Bank.
• External risk looms from renewed US–China tariff escalation, including an additional 100% levy on Chinese goods from Nov 1, after a sharp Wall Street selloff; analysts flag Nifty support near 25,000 and resistance at 25,450–25,500.