India’s Nifty 50 Surges 0.83% in Pre-Open Trade, Eyeing New Record Highs

Image Source : IFMC Institute

India’s benchmark Nifty 50 index rose 0.83% in pre-open trade on October 23, 2025, fueled by optimistic earnings outlook, strong foreign institutional investment, and hopes for a U.S.-India trade deal easing tariffs. The upward momentum points towards potential record highs in the near term.

The Nifty 50 index in India surged 214 points, or 0.83%, during pre-open trading on October 23, 2025, signaling a positive start bolstered by renewed investor optimism. The index edged closer to its all-time high of 26,277.35 points, supported by solid corporate earnings from key sectors and active foreign portfolio investor inflows.

Market sentiment has been buoyed by an optimism around a rebound in earnings in the second half of FY 2026, driven by strong performance from banking giants and industrial stalwarts. Reliance Industries and Axis Bank are among the market leaders contributing to the rally.

Further excitement surrounds a near-finalized India-U.S. trade agreement, expected to reduce U.S. tariffs on Indian exports from approximately 50% to 15-16%, potentially boosting export-driven sectors and improving bilateral trade relations.

The festive season is also adding fuel to the momentum with heightened consumer demand and liquidity inflows driving market participation. Technical analysts point to a key resistance level near 26,300 points, with the next breakout potentially unlocking fresh all-time highs for Nifty 50.

Notable Updates:

Nifty 50 rose to 26,057 points in pre-open trading, up 0.83% or 214 points.

Approaching the record high of 26,277 points from earlier in 2025.

Strong earnings from Reliance Industries, Axis Bank, and other blue chips bolster optimism.

Active foreign institutional buying supports the upward thrust.

Anticipated India-U.S. trade deal expected to reduce tariffs significantly.

Festive season demand and fiscal stimulus enhance market liquidity.

Technical resistance at 26,300; support levels near 25,700 to monitor for short-term trends.

Major Takeaway:
India’s Nifty 50 index is demonstrating strong pre-market gains, anchored by earnings recovery and trade optimism. The index’s approach toward historic highs underscores positive investor sentiment and market resilience amidst favorable macroeconomic and policy developments.

Sources: Reuters, Moneycontrol, Economic Times, NSE India, Mint.