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Below the Quote on Closing Market Summary 08th October 2025 by Amruta Shinde, Technical & Derivative Analyst at Choice Equity Broking Private Limited

On October 8, Indian equity markets ended on a flat-to-negative note after a largely range-bound session. At close, the Sensex was down 153.09 points or 0.19 percent at 81,773.66, while the Nifty 50 slipped 62.15 points or 0.25 percent to 25,046.15. The BSE Midcap index declined 0.7 percent, and the Smallcap index fell 0.4 percent, reflecting broader market weakness.

The Nifty opened on a flat note and traded sideways throughout the session, eventually closing in the red with a mild bearish candle. From a technical standpoint, a sustained move above 25,150 could open the door for an upward move toward the 25,200 zone. On the downside, immediate support is placed around 24,950–24,900, which may serve as potential accumulation levels for long positions. Overall, the index is expected to remain range-bound between 24,900 and 25,200 in the near term.

Among sectors, barring IT (up 1.5%) and consumer durables (up 0.7%), all other indices ended in the red. Realty, telecom, pharma, oil & gas, media, PSU banks, and auto sectors declined between 0.3–2 percent, indicating broad-based profit booking.

The Bank Nifty mirrored the broader market’s trend, closing lower and reflecting a sideways-to-bearish bias. Immediate support is seen around 55,800–55,700, and a decisive break below this zone could accelerate weakness toward lower levels. On the upside, resistance is placed near 56,200–56,300, and only a breakout above this range could trigger a meaningful rally. For now, the index is expected to consolidate within the 55,700–56,300 range.

Meanwhile, the India VIX — a key gauge of market volatility — edged up 2.61 percent to 10.31, indicating subdued volatility despite lingering uncertainty. In the derivatives segment, open interest (OI) data showed the highest call writing at the 25,100 strike, while the maximum put OI was concentrated at the 25,000 level, suggesting strong resistance around 25,100 in the near term.

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