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Informist, Friday, Oct. 17, 2025

NEW DELHI – Analysts have a positive view on the Nifty Metal index for the coming week with key support seen at 10000 points, while 10250 points may pose resistance. "Once we see breach of that level, we are likely to see levels of of around 10550 (points) to 10800 (points)," said Sugandha Sachdeva, founder of SS WealthStreet. On Friday, the Nifty Metal closed nearly 1% lower at 10199.30 points.

Besides macroeconomic events, earnings of companies for the September quarter are expected to drive the focus of investors for the next few weeks. A majority of the Nifty Metal constituents are yet to declare the dates for announcement of their quarterly results.

On Friday, JSW Steel reported a more than threefold year-on-year jump in its consolidated net profit for the September quarter at INR 16.2 billion. Its revenue from operations grew 14% on year to INR 451.5 billion in Jul-Sept. Hindustan Zinc's net profit for the September quarter rose 14.5% on year to INR 26.32 billion and revenue from operations grew 3.4% on year to 85.25 billion.

According to data analysed by Informist, the nine metal and mining companies part of the Nifty 200 are expected to collectively report a year-on-year net profit growth of 27% for the September quarter. This is based on the average of estimates from up to 12 brokerages for individual companies. The aggregate revenue of these nine companies is expected to rise 7% on year for the reporting quarter. On a sequential basis, the cumulative top line of these companies is expected to rise almost 2% but the bottom line is likely to decline marginally.

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Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange:

End

Reported by Shakshi Jain

Edited by Avishek Dutta

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