Indian equity markets ended the last session of Samvat 2081 on a positive note, marking their fourth straight day of gains on October 20, led by broad-based buying across sectors. The session opened strong
with Nifty above 25,800 and extended further to cross 25,900 amid buying in heavyweights like Reliance Industries and banking stocks on the back of robust Q2 earnings. At close, the Sensex gained 411.18 points or 0.49 percent to settle at 84,363.37, while the Nifty rose 133.3 points or 0.52 percent to end at 25,843.15. The BSE Midcap and Smallcap indices added 0.7% and 0.6%, respectively. During Samvat 2081, both Sensex and Nifty advanced more than 6 percent each. Nifty Bank crossed the 58,000 mark for the first time, hitting a record high of 58,261.55 before some profit-taking, but still managed to close above 58,000.
Markets will remain closed for regular trading on October 21 and 22, though NSE will conduct a one-hour special ‘Muhurat Trading’ session on October 21 between 1:45 pm and 2:45 pm.
As we enter Samvat 2082, optimism is returning to Indian markets after a testing year that saw India lag global peers despite solid domestic fundamentals. The outlook is improving with prospects of an earnings-led recovery supported by reforms, GST 2.0 rollout, income tax relief, and a liquidity-friendly policy stance. India’s GDP is projected to grow around 6.8% in FY26, reflecting its strong economic resilience. Valuations are now reasonable, earnings downgrades have bottomed out, and domestic inflows remain strong even as foreign investors stay cautious.
The Nifty 50 extended its festive rally for a fourth session, rising half a percent on October 20 and closing above the long-standing bearish gap created in October 2024, supported by strength in banks, technology, and Reliance Industries. The index also moved above the key resistance of 25,800 despite mild profit booking at higher levels. Momentum indicators stayed firm, with RSI rising to 71.8 and MACD maintaining its upward bias. The higher high–higher low structure signals continued bullish momentum, though resistance is expected near 25,900–26,000. Sustaining above this zone could pave the way for a record high near 26,277, while support lies at 25,600–25,500.
