Weekly Wrap-Up (20–24 October 2025): Markets Hold Steady Amid Global Volatility | Nifty & Bank Nifty Outlook
By CapitalKeeper | Weekly Wrap-Up | Indian Equities | Market Moves That Matter
Indian markets witnessed a range-bound yet resilient week as Nifty and Bank Nifty balanced between global cues and domestic earnings optimism. Here’s a complete wrap-up of the week (20–24 Oct 2025) across equities, INR, and commodities with forecasts for the coming week.
Weekly Wrap-Up (20–24 October 2025): Nifty Consolidates While Bank Nifty Outperforms Amid Global Trade Developments
The week that began on 20th October 2025 and ended on 24th October 2025 was marked by a cautious yet steady performance in the Indian markets. Despite volatility triggered by global macro developments, especially from the U.S. and China, domestic equities showed impressive resilience.
Nifty opened the week at 25,824.60 and closed marginally lower at 25,795.15, while Bank Nifty opened at 57,872.85 and ended higher at 58,172.75, reflecting sectoral rotation and strong banking earnings. The Sensex followed a similar trajectory, easing from 84,269.30 to 84,211.88, and the Fin Nifty slipped from 27,584.25 to 27,395.30.
🧭 Market Overview: Stability Amid Selective Buying
This week’s tone was defined by macro prudence and micro strength. While mid-caps showed profit booking after months of gains, large-cap stocks, especially in banking, capital goods, and IT, remained strong.
Nifty 50 Movement
- Opening: 25,824.60
- Closing: 25,795.15
- Weekly Change: ▼ 29.45 pts (-0.11%)
After flirting with its previous all-time high levels, Nifty saw minor consolidation as traders preferred to book profits ahead of the festive holiday period. The broader structure, however, remains bullish as long as Nifty sustains above the 25,500–25,600 zone.
Bank Nifty Performance
- Opening: 57,872.85
- Closing: 58,172.75
- Weekly Gain: ▲ 299.90 pts (+0.52%)
Banking stocks led the market’s defensive stance. Strong results from top private banks and an improving credit growth outlook helped Bank Nifty outperform.
💰 Sensex & Fin Nifty Snapshot
- Sensex: 84,269.30 → 84,211.88 (▼ 0.07%)
- Fin Nifty: 27,584.25 → 27,395.30 (▼ 0.68%)
The Sensex remained in consolidation, mirroring global trends as investors weighed global bond yields and U.S. Federal Reserve remarks. Fin Nifty, on the other hand, saw mild correction due to pressure in NBFCs and PSU financials, though private financials remained largely supportive.
🌎 Global Cues: Trade Progress & Central Bank Watch
Global market sentiment improved slightly after positive statements from U.S. officials regarding trade negotiations with China. President Trump’s remarks about trade progress boosted investor morale mid-week, though mixed U.S. data capped the upside.
- U.S. 10-Year Treasury Yield hovered around 4.26%, indicating stable inflation expectations.
- Crude Oil (Brent) traded near $88–90/barrel, supported by geopolitical tensions in the Middle East.
- Gold prices edged higher above ₹64,000/10g as investors hedged against volatility.
Asian peers like Nikkei and Hang Seng showed mixed performance, while European indices ended largely flat.
💹 INR & Commodities Overview
INR Performance
The Indian Rupee (INR) traded between ₹83.12 and ₹83.40 per USD during the week, with the Reserve Bank of India (RBI) actively managing volatility. The dollar index’s strength kept emerging market currencies under mild pressure.
RBI’s steady forex interventions and strong FII inflows into debt supported the rupee from slipping beyond the ₹83.50 mark.
Commodity Market Snapshot
Crude Oil
Crude prices remained firm amid geopolitical tensions and tightening supply outlooks.
- WTI: $86.40 → $88.05/barrel
- Brent: $89.25 → $91.15/barrel
While India’s import bill saw marginal expansion, investors are optimistic that easing U.S.-China tensions could stabilize energy markets in the coming weeks.
Gold & Silver
Precious metals shined amid global uncertainty.
- Gold (MCX): ₹63,800 → ₹64,420/10g
- Silver (MCX): ₹73,200 → ₹74,580/kg
The safe-haven demand continued as traders anticipate slower rate hikes globally.
📈 Sectoral Highlights
1️⃣ Banking & Financials
Private banking names such as HDFC Bank, ICICI Bank, and Axis Bank continued their momentum post-earnings. PSU banks like SBI showed relative strength, helping Bank Nifty stay positive.
2️⃣ IT & Tech
The IT index gained around 0.8%, driven by improved deal flows and a weaker rupee aiding export margins. Infosys, TCS, and LTIMindtree attracted buying interest.
3️⃣ FMCG & Consumption
FMCG stocks faced mild profit booking as investors rotated funds into high-beta names. However, festive season optimism remains strong, supporting companies like HUL, Nestle, and Dabur.
4️⃣ Metal & Energy
Metal stocks traded with volatility due to mixed global demand cues. Crude’s rise supported upstream energy players but weighed on downstream refiners.
📊 Technical Outlook
| Index | Support | Resistance | Trend |
|---|---|---|---|
| Nifty 50 | 25,550 | 26,050 | Range-bound to Bullish |
| Bank Nifty | 57,500 | 58,800 | Bullish |
| Sensex | 83,500 | 84,800 | Neutral to Positive |
| Fin Nifty | 27,200 | 27,800 | Mild Bullish |
Indicators:
- RSI (Nifty): 59 → Mildly overbought zone
- MACD: Positive crossover sustained
- 200-DMA: Strong support near 24,700
Verdict: Despite minor dips, Nifty maintains a higher-low structure, indicating buyers still dominate on declines.
🪙 Commodity Forecast for Next Week
- Gold: Likely to trade between ₹64,000–₹65,200 amid safe-haven demand.
- Crude Oil: May face resistance near $92/barrel; profit booking expected.
- Silver: Could test ₹75,000 on renewed industrial demand optimism.
🔮 Forecast for Upcoming Week (27–31 October 2025)
As India moves deeper into the festive month, markets are expected to see stock-specific action with an overall bullish bias. Global cues, particularly from the U.S. GDP data and Fed commentary, will drive sentiment.
Key triggers to watch:
- Corporate Q2 earnings continuation
- Festive season demand data
- Global crude price trend
- INR stability and FII flows
Our View:
📈 Nifty may attempt to reclaim 26,000+ levels, provided global sentiment remains stable.
📊 Bank Nifty’s leadership likely to continue, while IT and FMCG may play defensive roles.
💡 Buy on dips strategy remains ideal with focus on sectors like BFSI, Auto, and Infra.
Conclusion
The Indian markets have shown maturity in handling volatility, driven by robust domestic fundamentals. While global uncertainties persist, India’s growth narrative, fiscal stability, and festive demand offer a strong cushion.
Next week may bring short-term volatility but medium-term optimism remains intact. As we move toward the end of October 2025, traders and investors alike should focus on earnings, liquidity trends, and risk management to ride the next market leg effectively.
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Ranjit Sahoo
Founder & Chief Editor – CapitalKeeper.in
Ranjit Sahoo is the visionary behind CapitalKeeper.in, a leading platform for real-time market insights, technical analysis, and investment strategies. With a strong focus on Nifty, Bank Nifty, sector trends, and commodities, she delivers in-depth research that helps traders and investors make informed decisions.
Passionate about financial literacy, Ranjit blends technical precision with market storytelling, ensuring even complex concepts are accessible to readers of all levels. Her work covers pre-market analysis, intraday strategies, thematic investing, and long-term portfolio trends.
When he’s not decoding charts, Ranjit enjoys exploring coastal getaways and keeping an eye on emerging business themes.
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