IGI Logo

Below the Quote on Closing Market Summary 28th October 2025 by Amruta Shinde, Technical & Derivative Analyst at Choice Equity Broking Private Limited

On October 28, Indian equity markets ended on a muted note, weighed down by profit-booking after recent gains and mixed global cues. The BSE Sensex closed around 84,628.16, while the Nifty 50 settled near 25,936.20, down about 0.18 % and 0.11 % respectively.

The session opened with a modest uptick and briefly moved above 26,000 before slipping lower. The Nifty made an intraday low near 25,810 but managed to recover some ground toward the close. Broader market participation remained subdued, with the Midcap and Smallcap indices ending almost flat, indicating a pause in the recent rally.

Technically, the Nifty continues to maintain a sideways-to-bullish bias as long as it holds above the 25,850–25,800 support zone. On the upside, immediate resistance is seen around 26,050–26,100, with a sustained breakout likely to trigger further upside toward 26,200–26,300 in the near term.

Sectoral View: Buying interest was mainly seen in the Metal and PSU-Bank indices, both gaining over 1 %. However, Realty, IT, and Consumer-Durables stocks witnessed some profit-taking, capping overall market momentum.

With the monthly F&O expiry approaching and volatility remaining elevated, traders turned cautious. Open interest data indicates strong resistance around the 26,000 mark, while firm support is seen near 25,900–25,800.

Overall, despite a quiet session, the underlying bullish structure remains intact. A decisive move above 26,000 could open the door for further upside, while a fall below 25,700 may lead to short-term consolidation.

Above views are of the author and not of the website kindly read disclaimer