Each winter, as smog thickens and the air turns colder, our lungs silently bear the brunt. Among the many seasonal illnesses that emerge, one often slips under the radar – pneumonia. It doesn't announce itself with drama, yet it remains one of the world's deadliest infections. Every year
Nifty Prediction For October 27: Will It Cross 26,000 Amid Bullish Run? Fed Meet, Q2 Earnings To Watch
Nifty Prediction For October 27: Will It Cross 26,000 Amid Bullish Run? Fed Meet, Q2 Earnings To Watch
The Indian markets consolidated gains with remarkable resilience last week, even as global uncertainty deepened following U.S. sanctions on Russian energy companies, which drove global crude oil prices higher by around 5% and reignited concerns over India's import bill and inflation outlook. Sensex gained 1.48 per cent or 1,237 points to end last week at 84,211.
Nifty, however, saw a weak momentum with a drop of 0.32 per cent or 84 points to end at 25,795.
Despite these headwinds, domestic benchmarks maintained their composure, supported by strong DII inflows, encouraging Q2 earnings from IT and consumer sectors, argued Ponmudi R, CEO – Enrich Money.
Investors will also keep a close watch on Corporate India's second-quarter earnings, which have so far come in better than expected, lending support to market sentiment. The defence sector will be in sharp focus as Mazagon Dock and Bharat Electronics Ltd (BEL) are set to announce their quarterly results.
The US may see another rate cut this year, even as uncertainty looms over the economy due to the ongoing US government shutdown.
The Federal Reserve's second-to-last rate meeting of 2025 takes place between October 28 to October 29.
Analysts expect the Fed to cut about 25 bps lowering its key lending rate to between 3.75 and 4 per cent.
The Nifty 50 spent the week consolidating within a narrow band after its earlier breakout, ending at 25,795.15. The previous swing high near 25,660 has now turned into a key support area, where the index is likely to find buying interest.
The overall structure remains bullish as long as Nifty sustains above 25,450–25,600, explains Ponmudi R.
Nifty could break the barrier at 26,000 to hit all-time high. Puneet Singhania, Director of Master Trust Group predicted that technically, resistance is seen near 26,000, where a successful breakout could propel Nifty to all-time highs around 26,300.
“On the downside, the 25,400-25,500 zone is a critical support area, providing strong buying opportunities on dips and maintaining a favorable risk-reward setup for positional traders and investors," he adds.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Source: News18
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Each winter, as smog thickens and the air turns colder, our lungs silently bear the brunt. Among the many seasonal illnesses that emerge, one often slips under the radar – pneumonia. It doesn't announce itself with drama, yet it remains one of the world's deadliest infections. Every year
3 months ago
