Indian equity benchmarks extended their decline on October 14, with the Nifty slipping below the 25,200 marks amid selling across sectors and continued profit booking. Market sentiment stayed weak due to ongoing US-China trade tensions and cautious global cues. Volatility may continue in the near term, but the overall trend remains positive for the medium term, supported by expectations of stronger demand in the second half of FY26.

At the close, the Sensex fell 297.07 points or 0.36 percent to 82,029.98, while the Nifty lost 81.85 points or 0.32 percent to end at 25,145.50. All major sectoral indices ended in the red, with pharma, consumer durables, metals, media, and PSU banks declining between 1% and 1.5%. The midcap index dropped 0.75 percent, and the small cap index fell 0.89 percent, indicating broader market weakness.

Nifty Outlook

The index has formed a bearish engulfing candle signaling profit booking at higher levels near last week high of 25330. Stock specific action continues to remain in focus as we progress through the Q2FY26 earning session. Nifty is seen consolidating after 700 points up move over the past two weeks.

Bajaj Broking expects the index to extend the consolidation and trade in the range of 25,300-24,800 in the coming sessions. Immediate support is seen around the 25,000–25,100 zone, which aligns with the previous swing low and the 20-day and 50-day EMAs. A breakdown below 25,000 will signal extension of decline towards the key support area of 24.800-24,700 levels being the lower band of the last three months triangular consolidation. On the higher side only a move above last week’s high of 25,330 would signal resumption of the up move and open up upside towards 25,450 levels.

Bank Nifty Outlook

Bank Nifty formed a high wave candle with a small real body and shadows in either direction signaling consolidation amid stock specific action after recent sharp up move. Index to consolidate in the range of 55,600-57,000 in the coming sessions thus forming a base for the next leg of up move. Index has immediate resistance at 57,000 levels. A move above the same will open further upside towards all time high placed around 57600 levels. Key support is placed at 55,500-55,700 levels being the confluence of the 20 days EMA, bullish gap area of 6th October and recent breakout area.

Also Read: Ashika Institution, Bajaj Broking & MOFSL Daily Market Commentary

Motilal Oswal Financial Services Ltd 

By Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd

Nifty50 ended lower by 82 points at 25,146 (-0.3%), tracking weak global cues and foreign fund outflows. FIIs turned net sellers after four sessions of buying, offloading equities worth ₹240 crore on Monday. In the broader markets, the Nifty Midcap100 and Smallcap100 indices declined 0.7% and 0.9%, respectively.

All sectoral indices ended in the red, with PSU Banks and Consumer Durables leading the declines, down over 1% each, followed by Metals and Realty (–0.9% each). Data centre-related stocks were in focus after Google announced a $15 billion investment over five years to establish an AI data centre in Andhra Pradesh — its largest-ever commitment in India. On the macro front, India’s retail inflation (CPI) eased to an over eight-year low of 1.54% in September, compared with 2.05% in August, fuelling expectations of a potential rate cut by the RBI in its upcoming policy review. Meanwhile, optimism over India–US trade discussions resurfaced as New Delhi is set to hold talks with Washington this week and has reportedly agreed. 

Ashika Institution Equities

After three consecutive sessions of gains, the Indian equity markets succumbed to profit booking on Tuesday amid persistent global uncertainty and elevated volatility. The benchmark Nifty index slipped to the day’s low of 25,060, with broad-based weakness across sectors. Notable declines were seen in PSU banks, consumer durables, metals, realty, and oil & gas counters, reflecting investors’ inclination to lock in recent gains.

On the global front, sentiment remained cautious as US–China trade frictions continued, despite a scheduled meeting between President Trump and Chinese President Xi Jinping in late October, aimed at easing diplomatic and economic strains. In the derivatives segment, the advance–decline ratio tilted sharply towards bearishness. Significant spikes in open interest were recorded in ICICIPRULI, IREDA, MCX, ANGELONE, and TATAMOTORS, indicating heightened speculative activity in these counters.