Stock Market Today: Nifty 50 Outlook, Israel-Hamas War, Tata Capital IPO & 8 Stocks to Buy or Sell

The Indian stock market kicked off the week on a positive note, with the Sensex and Nifty 50 extending their winning streak for a second consecutive session. Backed by strong global cues and renewed buying in metal and telecom sectors, market sentiment remained upbeat ahead of key corporate earnings and macroeconomic cues.

Market Recap: Sensex and Nifty Close Higher for Second Straight Session

The BSE Sensex climbed 223.86 points (0.28%) to close at 81,207.17, while the Nifty 50 gained 57.95 points (0.23%) to settle at 24,894.25.

During intraday trade, Sensex fluctuated between 81,251.99 and 80,649.57, showcasing a 602-point range.

On a weekly basis, both indices gained nearly 1%, reflecting strong investor confidence amid positive global momentum.

Nifty 50 Technical Outlook: Mildly Bullish Bias

According to Vatsal Bhuva, Technical Analyst at LKP Securities, Nifty strengthened on Friday, comfortably closing above its short-term resistance.

Support Zone: 24,750 (100-day EMA)

Resistance Zone: 25,000–25,100 (validated by open interest data)

Range Outlook: Mildly bullish between 24,750 and 25,100

Heavy put writing at 24,800 indicates a solid base, while resistance near 25,000 could trigger some profit booking.

Global Market Cues & FII Outlook

Vinod Nair, Head of Research at Geojit Financial Services, noted that H2 FY26 earnings and seasonal demand tailwinds are likely to support the market.

However, global developments — including the Israel-Hamas conflict, US policy decisions, and trade data — may cause short-term volatility.

The Federal Reserve’s recent 25-basis-point rate cut has boosted investor optimism, potentially driving FII inflows into emerging markets like India. India’s valuation premium over other emerging economies has moderated, offering room for fresh foreign investments.

Stocks to Buy or Sell Today (6 October 2025)

Top analysts — Sumeet Bagadia (Choice Broking), Ganesh Dongre (Anand Rathi), and Shiju Koothupalakkal (Prabhudas Lilladher) — have recommended the following stocks for today’s trade setup 👇

Sumeet Bagadia’s Picks (Choice Broking)

1. Indian Bank (₹765.95)

Target: ₹818

Stop Loss: ₹740

View: Strong long-term uptrend with higher highs and rising volumes. All EMAs (20, 50, 100, 200) are trending upward.

2. Poonawalla Fincorp (₹524.40)

Target: ₹562

Stop Loss: ₹506

View: Bullish breakout from rounding bottom; all-time high close with sustained uptrend structure.

Ganesh Dongre’s Picks (Anand Rathi)

3. TVS Motor Company (₹3,447)

Target: ₹3,700

Stop Loss: ₹3,350

View: Strong support at ₹3,350; bullish reversal expected toward ₹3,700.

4. JB Chemicals & Pharmaceuticals (₹1,668)

Target: ₹1,750

Stop Loss: ₹1,640

View: Consistent bullish pattern; strong reversal from key support zone.

5. Punjab National Bank (₹114)

Target: ₹119

Stop Loss: ₹109

View: Strong uptrend continues with stable base near ₹109. Short-term traders can expect upward momentum.

Shiju Koothupalakkal’s Picks (Prabhudas Lilladher)

6. HBL Engineering (₹846.50)

Target: ₹900

Stop Loss: ₹826

View: Fresh breakout after consolidation; RSI indicates positive reversal with higher volumes.

7. Techno Electric & Engineering (₹1,372)

Target: ₹1,440

Stop Loss: ₹1,344

View: Strong pullback from 200-SMA; momentum indicators favor further upside.

8. CG Power and Industrial Solutions (₹747)

Target: ₹785

Stop Loss: ₹730

View: Recovery from support near ₹730; improving RSI signals potential rally continuation.

Analyst Verdict

While Nifty 50 may face resistance near 25,100, the overall bias remains positive, supported by robust domestic fundamentals, cooling inflation, and foreign inflows.

However, traders are advised to maintain strict stop-losses amid global uncertainty surrounding geopolitical tensions and upcoming Tata Capital IPO developments.

Disclaimer:

The views and recommendations above belong to individual analysts and brokerage firms. Investors are advised to consult certified financial advisors before making investment decisions.