CapitalKeeper Sunday Digest(27th–31st October 2025): Markets Close October on a Bullish Note — Midcaps Shine, Global Cues Stabilize
By CapitalKeeper | Sunday Digest | Indian Equities | Market Moves That Matter
Indian stock market wrap for 27th–31st October 2025 — Nifty and Bank Nifty end strong amid global stability. Midcaps and smallcaps outperform as earnings momentum drives confidence. What’s next for the November series? CapitalKeeper breaks it down.
🧩 CapitalKeeper Sunday Digest (27th–31st October 2025): October Ends on a Firm Note Amid Global Calm
The final week of October 2025 marked a decisive shift in market sentiment, as Indian indices shook off early volatility to end the month with a strong upside close. Despite global uncertainties surrounding the U.S. Federal Reserve’s next policy stance and mixed corporate earnings overseas, domestic markets remained resilient — thanks to strong earnings in banking, defence, and midcap manufacturing stocks.
As the November derivatives series begins, traders are entering with renewed optimism — backed by a short covering rally and strong rollover data in the derivatives segment.
📈 Weekly Market Overview: From Volatility to Stability
| Index | Opening (27 Oct) | Weekly High | Weekly Low | Closing (31 Oct) | Weekly Change |
|---|---|---|---|---|---|
| Nifty 50 | 25,863.80 | 26,042.10 | 25,722.10 | 25,938.15 | 🔼 +0.29% |
| Bank Nifty | 57,942.45 | 58,300.00 | 57,776.35 | 58,120.55 | 🔼 +0.31% |
| Sensex | 84,379.79 | 84,721.00 | 83,938.71 | 84,500.25 | 🔼 +0.15% |
| Fin Nifty | 27,329.40 | 27,480.00 | 27,138.85 | 27,410.20 | 🔼 +0.27% |
Despite intraday swings, markets maintained buying-on-dips behavior, particularly around Nifty’s 25,700–25,800 support zone. Traders noted strong short covering in 24,700–25,000 CE strikes, with expectations that Nifty may soon test 25,950–26,100, while Bank Nifty targets 58,500–59,000 in the near term.
🌍 Global Cues: Stabilizing After Volatility
- US Markets: Wall Street stabilized as October inflation came in line with estimates. The Dow Jones and Nasdaq both ended the week positive, supported by tech earnings from Apple and Microsoft.
- Crude Oil: Prices softened below $79/barrel amid easing geopolitical tensions, providing relief for India’s import bill.
- US Dollar Index (DXY): Hovered near 103.6 — steady but signaling reduced safe-haven demand.
- FIIs/DIIs: Foreign institutional investors turned net buyers for the first time in 4 weeks, purchasing equities worth ₹2,300 crore, while DIIs booked partial profits after a strong midcap run.
- Bond Yields: India’s 10-year G-sec yield eased to 7.14%, indicating confidence in liquidity conditions.
🧮 Sectoral Performance Snapshot
| Sector | Trend | Observation |
|---|---|---|
| Banking & Financials | 🔼 Positive | PSU Banks led the rally. SBI, PNB, and Canara Bank showed strength as credit growth sustained above 13%. Private banks like ICICI and Axis showed consolidation. |
| Midcap & Smallcap | 🔼 Strong Outperformance | Heavy accumulation seen in auto ancillaries, defence, and logistics names. Broader market breadth improved — signaling sustained momentum. |
| Energy & Power | 🔼 Moderate Recovery | NTPC, Tata Power, and IEX gained as power demand surged in October. Renewables saw fresh fund inflows. |
| Pharma & Healthcare | ⚖️ Neutral | Post a strong rally, sector witnessed mild profit booking; Sun Pharma and Dr. Reddy’s held firm. |
| IT & Tech | 🔻 Weak | Global slowdown concerns and cautious guidance from US peers kept pressure on Infosys and TCS. |
| Metal Stocks | 🔼 Rebound | Hindalco and Hind Copper gained on China stimulus hopes and stronger copper demand outlook. |
💥 Midcap & Smallcap Action: Leadership Returns
Midcap and smallcap indices surged as risk appetite returned among retail and domestic institutions.
Key outperformers for the week:
- Bharat Dynamics (BDL) – Up 6%, riding defence orders and export optimism.
- RCF & GSFC – Both fertilizer stocks jumped 8–10% on speculation that GST may be reduced from 18% to 5%.
- Elgi Equipments – Continued momentum post trendline breakout; weekly MACD remains bullish.
- ITI Ltd – Narrow range breakout confirmed with volume surge; traders eye ₹340–360 in short term.
- JBMA & Hind Copper – Strong technical setups with bullish MACD divergence; ideal for swing positions.
The Midcap 100 Index now trades just 1.5% below its all-time high, while the Smallcap 100 Index gained 2.3% for the week.
📊 Technical Snapshot: Nifty & Bank Nifty
Nifty 50:
- Support: 25,700 / 25,500
- Resistance: 26,050 / 26,250
- RSI: 59 — healthy uptrend territory
- MACD: Positive crossover continues
- View: “Buy on Dips” strategy remains valid as long as 25,500 holds.
Bank Nifty:
- Support: 57,500 / 57,200
- Resistance: 58,500 / 59,000
- RSI: 61 — indicating emerging strength
- MACD: Positive with increasing histogram
- View: Expect gradual outperformance led by PSU banks and NBFCs.
🌏 Macro Highlights Driving Sentiment
- India’s Fiscal Health: GST collections for October surged to ₹1.82 lakh crore, maintaining a 9% YoY growth — reflecting robust consumption.
- Corporate Earnings: Q2FY26 results so far show margin expansion in auto, infra, and banking segments.
- Global Economy: IMF upgraded India’s GDP forecast to 6.8% for FY26, reaffirming its position as the world’s fastest-growing major economy.
- Currency: INR traded stable around 83.12 per USD, supported by strong forex reserves near $650 billion.
🧭 Outlook for the Coming Week (03–07 Nov 2025)
The market enters November with a bullish bias but cautious tone. Traders should monitor:
- US Fed Policy Meeting — Any dovish tone could trigger a rally above 26,200 on Nifty.
- Oil Prices — Below $80 levels would support inflation control narrative.
- Earnings Wrap-up — Auto, banking, and infrastructure sectors to guide direction.
- FII Activity — Sustained inflows could push indices to fresh highs.
- Midcap Rotation — Stock-specific outperformance likely to continue; accumulation on dips preferred.
Our View:
“Markets are moving from consolidation to breakout territory. With strong rollovers and robust domestic flows, India’s bull story remains intact heading into Diwali season.”
⚙️ Top 5 Stocks on CapitalKeeper Radar
| Stock | CMP | View | Support | Target | Remarks |
|---|---|---|---|---|---|
| Hind Copper | ₹280 | Bullish | ₹230–240 | ₹310–330 | Metal strength and breakout confirmation |
| JBMA | ₹712 | Bullish | ₹600–610 | ₹770–800 | MACD + volume setup strong |
| MTAR Tech | ₹1,678 | Bullish | ₹1,440–1,450 | ₹1,850–1,900 | Trendline breakout with volume |
| IdeaForge | ₹517 | Bullish | ₹420–440 | ₹600–650 | 61.8% Fibonacci reversal |
| ITI Ltd | ₹309 | Bullish | ₹270–275 | ₹340–360 | Narrow range breakout; high momentum |
(Not a buy/sell recommendation. For educational analysis only.)
💬 Final Thoughts: October Ends, November Begins with Optimism
The final week of October 2025 reinforced India’s market strength amid global normalization.
While short-term volatility remains possible, the broader trend favors accumulation in high-quality midcaps, PSU banks, and manufacturing names.
November is expected to begin with a mild upside bias, especially as festive demand, FII inflows, and stable crude prices support sentiment.
📣 CapitalKeeper’s takeaway: “When global noise fades, Indian growth speaks loudest.”
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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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