Nifty 50 and Sensex Set for Range-Bound Trade on October 15 with Support at 25,000; Market Eyes Q2 Results

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Indian equity benchmarks Nifty 50 and Sensex are expected to trade in a consolidation phase around key support levels on October 15 amid weak global cues and foreign institutional outflows. Investor focus remains on Q2 earnings from banks, IT, and finance sectors alongside technical support near the 25,000 mark on Nifty.

Market Outlook: Nifty 50 and Sensex to Consolidate Near Crucial Supports

Indian stock markets exhibited cautious sentiment on October 14, with benchmark indices declining amid broad-based sector selling and continued profit booking. The Nifty 50 closed at 25,145.50, down 0.32%, slipping below the important 25,200 level, while Sensex dipped 0.36% to 82,029.98. The broader markets, including midcap and smallcap segments, also suffered amid weak global cues from rising US-China trade tensions and foreign fund outflows.

For October 15, analysts expect the indices to remain range-bound, trading between 24,800 and 25,300 on the Nifty, with 25,000 acting as a critical support level. The Bank Nifty is likely to consolidate between 55,600 and 57,000, setting the stage for a potential breakout or correction depending on sector-specific earnings and global market cues.

Key Highlights and Notable Updates

Technical Support: Nifty 50 near support zone of 25,000-25,100, aligned with the 20-day and 50-day exponential moving averages (EMAs). Break below could trigger weakness towards 24,800-24,700.

Resistance Levels: Immediate resistance points for Nifty at 25,217, 25,329, and 25,442 suggest a narrow range for upside momentum. Bank Nifty resistance sits at 57,000 with a breakout likely to test life-time highs near 57,600.

Sector Performance: Pharma, metals, consumer durables, media, and PSU banks lagged with declines between 1-1.5%, while data center-related stocks gained amid news of Google’s $15 billion AI hub investment in Andhra Pradesh.

Earnings Watch: Key Q2FY26 results from Axis Bank, HDFC Life, HDFC AMC, L&T Finance, HDB Financial, and Angel One will be monitored closely for cues on sectoral momentum.

Market Sentiment: The Put/Call Ratio near 0.74 reflects bullish bias, but a “bearish engulfing” candlestick pattern formed on Nifty’s daily chart signals some profit booking at elevated levels.

Global Factors: Volatility continues as investors digest Federal Reserve comments, mixed US earnings, and geopolitical tensions impacting risk appetite.

Conclusion

Investors are advised to remain cautious and watch key technical levels and quarterly earnings closely. The market’s near-term direction may hinge on global sentiment and sector-specific triggers, with a trading range consolidating around 25,000 on Nifty providing a critical pivot point. Selective stock picking and tactical positioning are recommended as broader markets wait for clearer directional cues.

Sources: GoodReturns.in, CNBC TV18, Moneycontrol, Business Standard, Economic Times