The Times Of India·2025-10-19 17:08Market Overview - The Indian equity markets extended their winning streak, with the S&P BSE Sensex surging 484.53 points (0.58%) to close at 83,952.19 and the NSE Nifty 50 rising 124.55 points (0.49%) to 25,709.85, hitting a fresh 52-week high driven mainly by consumption-driven stocks [10] - Analysts expect stronger volume growth and steady bank earnings, while easing concerns over asset quality have boosted overall industry confidence [10][3] - The IT index faced pressure due to concerns over discretionary spending and rising asset quality risks in the US banking system [10][3] Global Cues - Wall Street closed higher, supported by stronger-than-expected earnings from regional banks and positive investor response to President Donald Trump's comments on China [4] Technical Analysis - The sentiment around Nifty remains upbeat as it moved above its four-month consolidation range, with large-cap stocks outperforming mid- and small-cap stocks, indicating a classic bull market scenario [5] - Technical indicators suggest a strong outlook for Nifty, with meaningful support at 25,500 and resistance seen at 25,850–26,000 [5] Active Stocks - Top active stocks by turnover include Adani Power (Rs 2,811 cr), RIL (Rs 2,734 cr), and HDFC Bank (Rs 2,525 cr) [6] - By volume, Vodafone Idea led with 46.85 million shares traded, followed by YES Bank and Suzlon Energy [6] Market Sentiment - Market sentiment was bearish on Friday, with 2,527 stocks declining, 1,641 advancing, and 158 remaining unchanged out of 4,326 stocks traded on the BSE [9] Upcoming Events - A special Muhurat trading session is scheduled for October 21 to mark the beginning of Samvat 2082, with regular trading remaining closed [10] - The upcoming trading week is expected to be event-heavy, with quarterly earnings from major companies like Reliance Industries, HDFC Bank, and ICICI Bank likely to set the market tone [10]