October 16, 2025 : Indian stock markets are expected to open on a positive note today, supported by firm global cues, steady foreign inflows, and optimism surrounding the upcoming quarterly earnings from major IT players. Investors will keep a close eye on Infosys and Wipro’s Q2 FY25 results, as the companies are set to announce their financial performance later in the day, which could set the tone for the broader IT sector.
At the opening bell, Nifty 50 was trading near 25,300, while the Sensex gained over 250 points, driven by buying interest in banking, IT, and FMCG stocks. Market sentiment remains cautiously optimistic as traders await earnings updates and fresh global economic data for direction.
Analysts note that the Nifty 50 index has formed a strong support level near 25,100, while immediate resistance is expected around 25,450–25,500. A decisive breakout above this range could push the index towards a new record high. Meanwhile, the India VIX, which measures market volatility, remains steady at 13.5, indicating limited investor anxiety ahead of earnings season.
Among major corporate updates, Infosys and Wipro are in the spotlight today as they report their Q2 FY25 results. Market watchers anticipate moderate revenue growth, with margins possibly affected by wage hikes and delayed client spending. “The IT sector’s earnings will provide key cues for investor sentiment, as the market seeks clarity on global demand recovery,” said an equity strategist at Kotak Securities.
In addition to IT, gold prices continue to capture attention after hitting a record high earlier this week. Domestic gold futures are trading around ₹63,200 per 10 grams, tracking global gains amid ongoing geopolitical tensions and inflationary concerns. Analysts believe that the strong momentum in gold could continue if global uncertainty persists, but advise investors to book partial profits in the near term.
Global Market Trends:
Asian markets traded mixed this morning, with Japan’s Nikkei 225 up 0.6% and Hong Kong’s Hang Seng flat. Wall Street ended higher overnight, led by technology stocks, as investors digested U.S. inflation data and comments from Federal Reserve officials hinting at a possible pause in rate hikes. Crude oil prices also softened slightly to $84 per barrel, easing inflationary worries.
Rupee and Commodities:
The Indian rupee opened marginally weaker at ₹88.80 per U.S. dollar, while bond yields held steady at 7.22%. In commodities, silver traded firm at ₹78,000 per kg, following gold’s rally.
8 Stocks to Buy Today (Analyst Picks):
- Infosys Ltd – Ahead of Q2 results; analysts expect stable revenue growth and strong digital order book.
- Wipro Ltd – Focus on deal wins and margin recovery; medium-term outlook improving.
- Reliance Industries – Strong telecom and retail performance expected to support earnings.
- Tata Motors – Continued EV momentum and strong JLR sales keep sentiment positive.
- ICICI Bank – Robust loan growth and asset quality remain key positives.
- Maruti Suzuki – Auto demand recovery and festive season sales to boost performance.
- Hindustan Unilever (HUL) – FMCG stability amid inflation concerns; steady earnings likely.
- HDFC Bank – Consistent lending growth; remains a long-term portfolio pick.
Expert View:
“Today’s session will likely remain range-bound with stock-specific action. Infosys and Wipro’s results will be pivotal for market direction, while global cues continue to influence sentiment,” said an Angel One analyst.
Technical Outlook:
The Nifty 50 must sustain above 25,200 for the uptrend to continue. A fall below 25,000 could trigger profit booking, while a move above 25,450 may lead to a short-term rally.
In Summary:
The Indian markets are expected to stay resilient today, supported by strong Q2 earnings expectations and stable global cues. With Infosys and Wipro set to release their quarterly numbers, IT stocks will be in focus, alongside gold’s record-breaking run and selective stock-specific opportunities.
Summary
Nifty 50 trades firm ahead of Infosys and Wipro’s Q2 results, gold stays strong, and analysts recommend eight key stocks, including Reliance, HDFC Bank, and Maruti Suzuki, for short-term gains.