Powered by: Motilal Oswal
2025-10-06 05:52:47 pm | Source: Ashika Institutional Equities
Quote on Market Commentary for 6th October 2025 by Ashika Institutional Equities
Quote on Market Commentary for 6th October 2025 by Ashika Institutional Equities

Below the Quote on Market Commentary for 6th October 2025 by Ashika Institutional Equities

 

Indian equity markets opened on a positive note, mirroring the upbeat global sentiment. The Nifty 50 index began the session at 24,916 and touched an intraday low of 24,881 before witnessing a steady upward move throughout the day. The rally was primarily driven by strong business updates from the banking and NBFC sectors, which lifted overall market sentiment.

Sectorally, strength was observed in IT, Banking, Healthcare, and Oil & Gas stocks, while some profit booking was noted in the Metal space. In the derivatives segment, the most active contracts were FORTIS, MAXHEALTH, BSE, SHRIRAMFIN, and TCS, reflecting robust trading interest across select counters.

From a technical perspective, Nifty has successfully broken above the key psychological and technical resistance level of 25,000, turning the structure decisively positive. Any dip toward the 25,000 zone is expected to act as a strong support level, with immediate resistance seen at 25,200 and 25,500. For Bank Nifty, support is placed at 56,000–55,900, while resistance levels are identified at 56,500 and 57,000. 

 

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

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here