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Stock market today: Gift Nifty down 48 pts; key levels for Nifty, Sensex & Nifty Bank - BusinessToday

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  Published in Business and Finance on Sunday, October 5th 2025 at 23:57 GMT by Business Today
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Market Snapshot – Oct 6, 2025

On Tuesday, the Indian equity markets opened on a cautious note as global risk‑off sentiment continued to weigh on investor sentiment. The Gift Nifty – an index that tracks the daily movement of the Nifty 50 through its futures contracts – slipped 48 points to 15,200.5, giving traders a clear sense of where the broader market might head through the rest of the session. The close of the session saw the Nifty 50 finish at 15,194.30, down 0.14 %, the BSE Sensex at 53,080.20, falling 0.12 %, and the Nifty Bank at 19,490.25, declining 0.10 %. The slide was largely in line with the muted performance of the benchmark indices and reflected a broader global pullback.

1. Nifty 50 – A Measured Decline

The Nifty 50, which represents the top 50 companies listed on the National Stock Exchange, recorded a modest 48‑point decline in the Gift Nifty. Its intraday high touched 15,235 before retreating to 15,194 at the close. The index hovered above its 200‑day moving average at 15,180, suggesting that the downturn was short‑lived and that the bulls were still in control. Market‑cap leaders such as Reliance Industries, HDFC Bank, and TCS contributed to the marginal gains, offsetting a drop in heavy‑weights like Bajaj Auto and Maruti Suzuki.

2. BSE Sensex – A Similar Path

The Sensex, comprising 30 blue‑chip companies on the Bombay Stock Exchange, mirrored the Nifty’s trajectory. It closed 48 points lower, landing at 53,080.20. The index’s intraday swing saw a brief rally up to 53,120 before retreating. The top performers for the day included Infosys and Adani Ports, which posted 0.6 % gains, while the laggards were IT infrastructure and consumer staples stocks that fell 0.5 % to 0.7 %.

3. Nifty Bank – The Slowest Move

Among the sectoral indices, the Nifty Bank fell the least, recording a 48‑point dip to 19,490.25. The sector, heavily weighted towards the banking conglomerates, had been battling a series of policy concerns, but the banks’ core financials remained resilient. HDFC Bank, ICICI Bank, and Axis Bank contributed to the sector’s modest rise, whereas State Bank of India and Punjab National Bank lagged behind.

4. Key Support and Resistance Levels

• Nifty 50 – The index is currently trading above the 15,180 resistance line but sits just shy of the 15,240 support level. A break below 15,180 could trigger a pullback to the 15,120 region. The 15,300 level remains a key psychological barrier that, if breached, could send the index into a more sustained decline.

• BSE Sensex – The Sensex trades just above the 53,080 resistance line. A reversal to 52,980 could push the index below the 52,900 support. The 53,200 level is considered a high‑level resistance that will require a clear bullish signal to be breached.

• Nifty Bank – With the index hovering near the 19,490 resistance line, a break below 19,460 would test the 19,400 support. The 19,550 level remains a strong resistance that, if crossed, would signal a stronger uptrend.

5. Global Context

The market’s mild decline was influenced by several global developments:

• U.S. Treasury Yields – The 10‑year U.S. Treasury yield ticked up to 4.05 %, reflecting persistent concerns over the U.S. Federal Reserve’s monetary tightening stance. A higher yield environment often discourages equity valuations worldwide.

• European Equity Markets – The MSCI World Index recorded a 0.3 % decline, primarily driven by a slump in the German DAX and the French CAC 40. The European downturn was largely attributed to the Bank of England’s decision to raise rates again and the lingering uncertainty around the Eurozone’s debt trajectory.

• Commodity Prices – Oil prices edged up to $80.12 per barrel, while gold slipped to $1,830. The rise in crude oil prices underlined a shift toward a “risk‑on” commodity environment, but the simultaneous dip in gold reinforced the prevailing risk‑off sentiment.

• Emerging Markets – Asian markets had a mixed day, with Japan’s Nikkei falling 0.6 % and China’s Shanghai Composite falling 0.8 %. These movements added to the overall caution among investors.

6. Corporate Highlights

• Reliance Industries – The conglomerate reported a 5.2 % rise in its Q3 earnings, primarily driven by its Jio Platforms division. The upbeat earnings report helped offset the broader market decline.

• Infosys – Infosys posted a 3.9 % increase in its quarterly revenue, driven by increased demand for digital services. The company’s share price gained 1.1 % as investors welcomed the strong earnings outlook.

• Bajaj Auto – The company’s shares fell 1.4 % after a downgrade from a leading research house, citing weak domestic sales and increased production costs.

7. Outlook

Market analysts remain cautious. While the day’s dip was modest, the persistent rise in global interest rates and a cautious stance by the Reserve Bank of India (RBI) over its monetary policy could weigh on the Indian equity markets for the coming week. Investors are likely to keep an eye on the RBI’s policy statements and any updates from the U.S. Federal Reserve and the European Central Bank. On the domestic front, the upcoming corporate earnings season, particularly the results from the banking sector, could provide additional cues for market direction.

In short, the Nifty 50, Sensex, and Nifty Bank all closed lower on Oct 6, 2025, with key support and resistance levels acting as potential catalysts for the market’s next move. The moderate decline reflects the global risk‑off mood, yet the indices remain anchored above their 200‑day moving averages, suggesting that a full‑scale correction is unlikely in the short term. Market participants will continue to monitor both macro‑economic data and corporate earnings for signals that could tilt sentiment further.