After a four‑day losing streak, the index steadied near its September close, signalling a potential shift in sentiment.
The Nifty 50 closed at 22,800, a level that aligns with its September series finish and sits just below the 23,000 target that traders are eyeing for a renewed rally. Support remains firm around the 53,800–53,700 zone, while resistance is set at 54,500, a threshold that, if breached, could pave the way to 55,000.
The VIX, a barometer of market fear, remains elevated, indicating that volatility is likely to persist throughout the session. Midcap and small‑cap buying has been noticeable, offering bulls a buffer against a sudden downturn, especially if intraday lows stay above 22,400.
Today, over 50 companies will report earnings, with auto giants Bajaj Auto and Maruti Suzuki among the key names to watch, alongside defence stocks and Paytm. Oil prices hover near $115 a barrel, adding another layer of global context to the domestic market movement.
Investors should keep an eye on the upcoming earnings calendar and be prepared for a potentially choppy trading day as the market hovers between the 22,800 and 23,000 levels.