The Nifty ended 81 points lower, while the Sensex was down by 297 points.
Shrikant Chouhan,
Head Equity Research,
Kotak Securities:
Mumbai, October 14, 2025: Today, the benchmark indices witnessed profit booking at higher levels. The Nifty ended 81 points lower, while the Sensex was down by 297 points. Among sectors, almost all the major sectoral indices experienced profit booking at higher levels, with the PSU Bank index losing the most, shedding over 1 percent. Technically, after a positive open, the market consistently faced selling pressure at higher levels. However, following a quick intraday correction, the market saw some recovery from the 25,060/81800 levels.
A bearish candle on the daily charts and a double top formation on intraday charts indicate further weakness from the current levels. We believe that, although the intraday market texture is weak, a fresh sell-off is possible only if the level of 25,050/81800 is breached. Below this, the market could slip to 25,000-24,900/81600-81300. On the flip side, 25,200/82300 would act as an immediate resistance zone for the bulls. Above this, the market could continue its positive momentum up to 25,300-25,350/82500-82750.
The intraday market texture is volatile and non-directional; hence, level-based trading would be the ideal strategy for day traders.
Gaurav Garg, Research Analyst Lemonn Markets Desk, adds:
Indian equity benchmarks trimmed most of their early losses on Tuesday, supported by a late rebound in select IT stocks, optimism around India–US trade talks, and positive global cues.
At 3:15 p.m., the Sensex was down 296.91 points, or 0.36%, at 82,030.13, while the Nifty slipped 76.45 points, or 0.3%, to 25,143.40. Both indices had declined sharply earlier in the session but recouped nearly 300 points from their intraday lows as heavyweight IT counters gained traction.
Investor sentiment improved after retail inflation eased to an over eight-year low of 1.54% in September, led by a drop in prices of vegetables, fruits, and pulses. The sharp moderation brought inflation comfortably below the Reserve Bank of India’s target range, raising expectations of a possible rate cut at the upcoming Monetary Policy Committee (MPC) meeting.
Market mood was also buoyed by hopes of progress in trade discussions between India and the US. According to a report, New Delhi is expected to hold talks with Washington this week and has pledged to increase imports of U.S. energy and gas to address concerns over its continued purchase of Russian oil.
However, expiry-linked volatility kept traders cautious, with unwinding of derivatives positions contributing to intraday fluctuations ahead of the Nifty expiry.
