Mumbai, Oct 26 – Investors eye next week closely, as a mix of global and domestic events could set the tone for Indian equity markets. The U.S. Federal Reserve is set to meet on Oct. 28‑29, and analysts say the central bank might trim rates. A lower U.S. interest rate often lifts global markets, and India’s stocks could benefit too.
Add to that a wave of quarterly earnings. Big names such as Indian Oil, TVS Motor, L&T, Hindustan Petroleum, ITC, Cipla, Dabur, Maruti Suzuki, Bharat Electronics and ACC will all report next week. These releases can swing the market in short bursts, especially if results beat or miss expectations.
Trade‑deal news is at the back burner but ready to pop. The U.S. is negotiating new agreements with China and India, and any positive breakthrough could fire up the market. Traders will watch the details closely for a potential rally.
Last week’s performance
The market closed higher, with the Nifty landing at 25,795.15 (up 0.33 %) and the Sensex at 84,211.88 (up 0.31 %). Here’s how key sectors moved:
- IT: +2.96 %
- PSU Bank: +2.34 %
- Pharma: +0.47 %
- Metals: +1.45 %
- Realty: +0.77 %
- Energy: +0.65 %
- Media: +1.35 %
On the downside, the Auto sector fell 0.44 %, Financial Services slipped 0.52 %, and FMCG dropped 0.47 %. Midcap and small‑cap indices also showed strength, with the Nifty Midcap 100 up 0.56 % and the Nifty Smallcap 100 up 0.72 %.
Technical outlook
Analysts note the Nifty is holding above its 20‑, 50‑, and 200‑day moving averages, pointing to a solid bullish foundation. On the weekly chart, the RSI sits at 61.6, trading sideways but leaning toward a neutral‑to‑positive bias. Momentum may kick in once the market consolidates.
Key levels to watch:
- Support: 25,670 could break to 25,500 or even 25,400 if the market pushes lower.
- Resistance: 25,950 tests next, followed by 26,000 and 26,100 if bulls keep the climb.
With the Fed’s meeting and earnings reports looming, the next trading session could open a new chapter for investors. Stay tuned for how global policy shifts and corporate results tilt the markets.
Source: ianslive
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.
