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Informist, Tuesday, Oct. 28, 2025

 

By Akash Mandal

 

MUMBAI – The benchmark equity indices are likely to continue consolidating between 25750 and 26100 points in the upcoming session after the market gained nearly 6% so far in October. The fall and the choppiness seen Tuesday are signs of consolidation, which is healthy for the market, analysts said. 

 

"We believe that the intraday market texture is volatile and non-directional; hence, level-based trading would be an ideal strategy for day traders," Shrikant Chouhan, head of equity research at Kotak Securities, said in a note. However, as long as the Nifty 50 stays above the 25650-25700 levels, sentiment is likely to remain positive, analysts said.

 

Tuesday, the Nifty 50 ended at 25936.20 points, down 29.85 points or 0.1%. While the index fell to around 25800 points at its lowest and was choppy throughout the session, it did not threaten to go below 25700 points, a level above which most analysts are maintaining their positive view on the market. The BSE Sensex closed at 84628.16 points, down 150.68 points or 0.2%.

 

"Over the past four sessions, the index has been consolidating within a broad range of 26100–25600, thereby digesting the overbought conditions that emerged on the daily chart following a sharp 1,500-point rally over the previous four weeks," Bajaj Broking said in a note. "A decisive breakout above last week's high of 26100 would signal a continuation of the prevailing uptrend and pave the way for an extension towards 26300 and subsequently 26500 in the near term," it added.

 

Twelve Nifty 200 constituents will report their quarterly results Wednesday in what is going to be a busy day on the earnings front. Coal India and Larsen & Toubro are the two Nifty 50 majors set to announce their results. Coal India's consolidated net profit for the September quarter is seen falling 16% on year and 39% on quarter due to muted domestic demand for coal and the prolonged monsoon. While overall lower sales volume will negatively impact the top line, the fall in e-auction prices will affect the bottom line, brokerages said.

 

L&T, on the other hand, is expected to deliver a 20% on-year and 13% on-quarter rise in bottom line owing to robust growth in execution during the quarter. In its core business of engineering, procurement, and construction, L&T's execution growth is seen at 18% on year for the September quarter, brokerage Nomura said in a report. This will likely be "driven by the hydrocarbon segment", it said.  End

 

Edited by Rajeev Pai

 

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