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Published on 06-10-2026 05:54 pm

European Market – European stocks advanced as bonds yield falling and weaker oil prices helped ease worries over inflation. UK, Germany and France Index advance up to 1%.

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Published on 06-10-2026 05:53 pm

Global Market Update

• Asian Market – Asian stocks rose as the rally in US tech shares helped gains in the overall market and falling oil price to below $99/bbl boosted investor sentiment. Japan, Taiwan and South Korea market gained up to 2%.

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Published on 06-10-2026 05:53 pm

World Bank raises India FY27 growth forecast to 7.1%, flags oil, El Niño risks – The World Bank raised its forecast for India's economic growth in fiscal 2026-27 to 7.1% from 6.6%, saying resilient domestic consumption had helped the economy absorb the impact of higher energy prices even as inflationary pressures persisted.

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Published on 06-10-2026 05:48 pm

Derivative Outlook:

• Nifty future closed positive with gains of 0.79% at 22799 levels. Positive setup seen in Trent, Bhel, MCX, Radico, Laurus Lab, Divis Lab, Siemens, CG Power, HAL and Sona Coms while weakness seen in Phoenix Mills, Bandhan Bank, TechM, Federal Bank, Max Health, KEI, ITC, IEX, Jindal Steel, Ultratech Cement, Apollo Hospital, TCS, TVS Motor and Bajaj Finance.

• On option front, Maximum Call OI is at 23500 then 22700 strike while Maximum Put OI is at 22000 then 22600 strike. Call writing is seen at 23500 then 22700 strike while Put writing is seen at 22600 then 22700 strike. Option data suggests a broader trading range in between 22300 to 23300 zones while an immediate range between 22500 to 23000 levels.

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Published on 06-10-2026 05:47 pm

Technical Outlook:

• Nifty index opened positive and remained in a sideways to positive trend throughout the session and moved up by more than 200 points. The index closed near its upper band and has started to make higher highs – higher lows from the last two sessions. It formed a bullish candle on the daily frame indicating support based buying at lower levels. Now it has to hold above 22700 zones for an upside move towards 22900 then 23000 zones while support can be seen at 22600 then 22500 zones.

• S&P BSE Sensex index opened on a positive note and witnessed sustained buying interest throughout the session. Bulls remained in full control as the index gradually moved higher in a slow and steady manner from 72400 to 73000 zones. It formed a bullish candle on the daily frame and has started to form higher highs - higher lows from the last two sessions indicating that the overall sentiment is gradually shifting to bullish. Now it has to hold above 73000 zones for an up move towards 73300 then 73500 zones while supports are shifting higher to 72700 and then 72500 zones.

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