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Informist, Monday, Oct. 20, 2025

By Akash Mandal

MUMBAI – Benchmark indices are expected to gain further and the Nifty 50 may test the 26000 level in the special one-hour-long Muhurat session beginning at 1345 IST. Markets will remain closed on Wednesday for Diwali. Analysts expect the bullish trend to continue when normal trading resumes Thursday, with some expecting the Nifty 50 to test its record high of 26277.35 if its manages to cross the crucial resistance of 26000 points this week.

Initial resistance for the Nifty 50 is seen at 26025 points, and then it is likely to test its all-time high in the near term, Nandish Shah, senior derivatives analyst at HDFC Securities, said. The index is likely to take support around 25600 points, Shah said. Volumes are expected to be low during the Muhurat session, he added.

Ashish Sherigar, technical analyst at NVS Brokerage, expects the Nifty 50 to enter a phase of consolidation in case it falls below 25800 points. "...today also Nifty was trading sideways...tomorrow if Nifty comes below 25800 we may see a fast downside movement towards 25720-25750," Sherigar said. "If in case there's a gap-up (opening) then surely it will come down by the end of session...taking out (considering) last 4 years of Muhurat trading pattern, Nifty has given a close below its opening price," he added.

On Monday, though there was some profit taking at higher levels, the overall outlook remains positive as September earnings show there might be an uptick in the coming quarters, analysts said. The Nifty 50 closed at 25843.15 points, up 133.30 points or 0.5%. The index rose above the 25900 mark for the first time since October 2024 but then retreated a bit. The BSE Sensex ended at 84363.37 points, up 411.18 points or 0.5%. 

Corporate earnings will be in focus Thursday as Hindustan Unilever is expected to report its results during market hours. The fast-moving consumer goods major's net profit for the September quarter is seen declining 6% despite sales growing 2%, according to an average of estimates from 13 brokerages. The company is likely to be bogged down by falling margins and rising expenses, Motilal Oswal Financial Services said in its report. The growth in the company's realisations are also expected to be muted, the brokerage said.

Colgate Palmolive is the other FMCG major scheduled to report its earnings Thursday. The company is expected to see a sharp on-year fall in both profit and revenue owing to a high base and disruption due to transition to new goods and services tax rates, JM Financial said.  End

Edited by Ashish Shirke

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