Ponmudi of Enrich Money reckons that the Nifty is likely to maintain a positive near-term bias, while some consolidation may emerge following the sharp recent rally.
Global markets suffered a massive sell-off as fears over AI spending, valuations and data-centre restrictions rattled investors. South Korea's Kospi triggered a circuit breaker,
The calls come after the Nifty surged more than 10% over seven sessions through Friday with foreign investors buying more than $4.1 billion of shares this month
Divi's Labs surged 6% to a new high of ₹10,950 in Diwali-special Muhurat trading session, after the pharma company reported 64% surge in Q2 net profit.
The Sensex and Nifty ended Samvat 2082 with losses of 4% and 3.1%, respectively, despite a sharp late rally that delivered their biggest weekly gains in nearly six years.
The Nifty rose 2.4% to 24,536.60, while the Sensex gained 2.6%, as falling crude prices and strong foreign investor inflows lifted financial and auto stocks despite record DII selling.
VK Vijayakumar of Geojit Investments said that tailwinds for the economy are getting stronger. The strongest positive for the market is the sharp fall in Brent crude prices overnight.
According to the NSE F&O data, FIIs net bought 28,587 contracts of Nifty futures on Tuesday, lowering open interest by 13.3% to 1.87 lakh contracts. Analysts flag short covering.
Vinay Rajani of HDFC Securities said that Nifty's medium-term momentum has improved, with the next resistance level placed at 24,012. Support has shifted higher to 23,500.
Geopolitical tensions, crude oil prices and September-quarter earnings are set to drive market sentiment, with US midterm elections and foreign investor flows also in focus.
Fund managers at the Business Standard BFSI Insight Summit 2026 stressed selective stock-picking, reasonable valuations and business fundamentals amid divergent market trends.
Sensex gained 483 points to close at 73,606.75, while Nifty rose 153 points to 22,753.20, ending a four-day losing streak as metal, telecom and healthcare stocks rallied.
Stockbrokers weigh stricter F&O suitability checks, a commodity exchange reviews its data centre migration plan, and Jio Platforms' grey market premium stands at 22% ahead of listing.
Midcap and smallcap stocks posted their worst weekly losses in 20 months, falling 5.6% and 7.3%, respectively, as rising crude prices and geopolitical tensions rattled markets.
Nifty fell 0.54 per cent to 22,687.65 as Brent crude climbed above $112 a barrel, with oil-sensitive stocks dragging markets lower amid renewed tensions in West Asia.
IT stocks gained ₹77,000 crore in market value, cushioning the Nifty's 0.34% decline on Wednesday, while banking and financial stocks lost around ₹81,000 crore amid rising bond yields.
