“Market on Fire: Crude Oil Soars! Tomorrow’s Nifty & Bank Nifty Trade Plan 🔥 | Stock Market Update |

Indian markets wrapped up a calm yet crucial Thursday session, maintaining their bullish tone for the sixth consecutive day, even as traders booked profits at higher levels. The Sensex climbed 130 points (+0.15%) to 84,556, while the Nifty 50 added 23 points to 25,891, after briefly crossing 26,100 during intraday trading. The tone remains positive ahead of the Diwali week’s close, with sentiment driven by strong FIIs flows and global optimism around trade talks.​

Market Analysis – October 23 2025
The rally was powered by IT and private‑sector banks. Infosys, HCL Tech, and TCS shot up 2–4% after confirmation that the company’s promoters opted out of buyback participation, instilling confidence about growth visibility in the IT index. Financial stocks like Axis Bank, Kotak and Titan held steady throughout the session, while Reliance and Bharti Airtel saw light profit‑booking.​

Market breadth was mixed — BSE MidCap index dipped 0.2%, SmallCap index fell 0.5% as traders booked margins ahead of monthly expiry. Over 200 stocks on the BSE still hit 52‑week highs — a clear sign of underlying bullish momentum in core sectors such as private banks, capital goods and fintech.​

From a technical view, Kotak Securities and other brokerages expect short‑term support zones at 25,800 – 25,700 and resistance around 26,100 – 26,150. Only above 26,200 does Nifty open room for new lifetime highs near 26,300. Market volatility is likely to stay low but profit‑booking near round levels is possible.​

Tomorrow’s Trade Plan (October 24 2025)
Technical structure continues to favor a buy‑on‑dips strategy. 
- Nifty Range: Support 25,800 | Resistance 26,150
- Bank Nifty Range: Support 58,400 | Targets 58,900 – 59,200
- Focus Sectors: IT (e.g., Infosys, HCL, TCS), Private Banks (Axis, Kotak), Auto (Tata Motors, Hero Moto Corp).
Stay alert to US and Asian market moves after strong earnings triggers that could stretch the positive momentum.​

Why Crude Oil Prices Are Rising
Global crude prices rose sharply this week as supply risks and geopolitical tensions flared again. Brent Crude hit $62.21 per barrel (+1.5%), and WTI rose to $58.12 (+1.6%) as traders reacted to fresh concerns about Russia and Venezuela supply disruptions and delays in the US–Russia summit. Additionally, Washington’s diplomatic pressure on Asian buyers to cut Russian oil imports has amplified price volatility.​

Another catalyst was the US decision to refill its Strategic Petroleum Reserves (SPR), signaling tight supply for the rest of 2025. Traders interpreted this as a bullish demand signal after five months of decline in crude inventories. Analysts from ING and OPEC believe the short‑term support zone for Brent is near $60 per barrel, with a potential rally toward $65 – $68 if geopolitical tensions persist.​

Key Takeaways for Investors and Traders
- Global trade stability (India–US talks, US–China developments) remains a major driver.
- Watch for oil and currency moves impacting India’s inflation and import costs.
- Focus on sector leaders in IT, private banks, and autos for defensive long‑positions.
- Avoid heavy leverage ahead of monthly derivative settlement and US GDP data release.


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