The Indian stock market opened Tuesday’s session on a positive note, tracking upbeat global cues and renewed optimism around India–U.S. trade relations. Both benchmark indices, the Sensex and the Nifty started the day with mild gains.
The Sensex opened at 82,404.50, up by 0.09%, while the Nifty began the session at 25,277.50, rising 0.20%. The Nifty Bank index also opened lower at 56,598.70, up by 0.05%.
“There’s good news for the bulls’ camp. President Donald Trump hinted at scaling back his threat to impose steep tariffs on China, while trading at Dalal Street remains buoyed by PM Narendra Modi’s conversation with Trump reaffirming commitment towards advancing the India–U.S. trade pact – a move that could lift investor sentiment. Hopes are high that the bilateral trade deal may be sealed by November,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
He added, “Together, these cues could reignite optimism among traders betting on a sustained bullish momentum for Nifty, which now shows strength only above the 25,670 mark – potentially outshining even Gold and Silver.”
Let’s take a look at the key factors to watch out for today’s trading session
Top gainers shine in early trade
At the opening bell, several frontline IT and telecom stocks were among the biggest gainers. HCL Tech, Tata Stee, Tech Mahindra, TCS, Bharti Airtel, and M&M saw early buying interest.
Key laggards drag
On the flip side, a few heavyweights were under pressure in early trade. Sun Pharma, Maruti, Axis Bank, SBIslipped in the opening hours.
Technical outlook: Volatility likely to persist
Technical experts see a volatile trading session ahead, with key support and resistance levels defining the short-term direction of the market.
“Technically, after a gap-down open, the market found support near 25,150/82,000 and rebounded sharply. From the day’s lows, the market recovered nearly 100/400 points,” said Shrikant Chouhan, Head of Equity Research at Kotak Securities.
He added, “We believe that the intraday market trend is volatile and lacks clear direction; therefore, level-based trading would be the best approach for day traders. On the downside, 25,150/82,000 and 25,100/81,800 are key support levels, while 25,350-25,400/82,500-82,800 could serve as immediate resistance zones for the bulls. However, below 25,150/81,800, the market might retest levels of 25,000-24,950/81,500-81,300. Failing to surpass 25,330/82,655 would be negative for the market.”
Q2 earnings today
The second-quarter earnings season continues to dominate trader focus. Tech Mahindra, Persistent Systems, Cyient DLM, IREDA, and Bank of Maharashtra are among the key companies scheduled to release their July–September results today, October 14.
Stocks to watch
HCL Technologies, Anand Rathi Wealth, and Just Dial are expected to see stock reactions after announcing their Q2 numbers post-market hours on Monday.