๐Ÿ‡ฎ๐Ÿ‡ณ Indian Market Outlook

  • Indian indices are expected to open higher today, supported by recent RBI measures to ease lending norms.
  • On October 1, both Sensex and Nifty 50 gained nearly 0.9%, ending an eight-day losing streak.
  • Banking and financial stocks are likely to stay in focus, as reforms boost capital markets lending.
  • Domestic investors continue to buy, while foreign investors remain cautious.

๐Ÿ”Ž Technical Levels

  • Nifty Resistance: 25,200 โ€“ 25,500
  • Nifty Support: 24,800
  • Bank Nifty Upside Target: 55,350 (if momentum sustains)

๐ŸŒ Global Cues

  • Asian markets opened strong, supported by optimism over possible U.S. rate cuts and strength in semiconductor/tech stocks.
  • U.S. inflation data, Federal Reserve commentary, and political developments remain key drivers for global sentiment.
  • Overall tone is positive but cautious, with volatility possible.