India Stocks Outlook
May fall more Fri; Nifty 50 may test fresh high next wk
This story was originally published at 20:00 IST on 30 October 2025
Register to read our real-time news.Informist, Thursday, Oct. 30, 2025
By Akash Mandal
MUMBAI – Benchmark indices may fall further before a fresh rally takes them to new highs, analysts said. On Friday, the Nifty 50 is likely to move in a range of 25700-26000. In the coming sessions, the index is likely to face a strong resistance at 26000-26100 levels, analysts said.
The 50-stock index may fall to the 25700 level Friday before rallying again and heading towards its all-time high of 26277.35 points, Kunal Shah, senior derivatives analyst at Mirae Asset Sharekhan, said in a note. Shah expects the index to reach a record high as early as next week.
The Nifty 50 ended the session at 25877.85 points, down 176.05 points or 0.7%. Despite staying in the red for the entire session, the Nifty 50 managed to broadly hold on to the 25850 level, which analysts are now pegging as the next crucial support. At its lowest, the Nifty 50 fell to 25845.25 points Thursday. The BSE Sensex closed at 84404.46 points, down 592.67 points or 0.7%.
"The (Nifty 50) index formed a bearish candlestick pattern with a lower high and lower low signaling profit booking at higher levels near 26100 levels...Nifty 50 has been moving sideways within a range of 26100–25700, and this consolidation is likely to extend," Bajaj Broking said in a note. "The broader market trajectory continues to exhibit a bullish bias, reaffirming that the primary uptrend remains firmly in place," the broking firm added.
In the Nifty 50 space, Bharat Electronics, Maruti Suzuki, and Shriram Finance are scheduled to report their September quarter earnings on Friday. Among other large-cap companies, Bank of Baroda, Bharat Petroleum Corp., and Godrej Consumer will also report their Jul-Sept earnings. End
Edited by Vandana Hingorani
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