Liquide Post-Market Summary 23rd October 2025

On October 23, Indian markets opened on a strong note but pared most of the intraday gains, closing marginally higher amid profit-booking in the final hour. However, the winning streak extended for the sixth consecutive session, fuelled by optimism surrounding the US-India trade deal.

Among broader indices, the BSE Midcap index slipped 0.2% while the Smallcap index fell 0.4%. On the sectoral front, the IT index rose by 2.2%, Private Banks gained 0.5% and PSU Banks were up 0.3%. Meanwhile, the Oil & Gas index declined 0.6%. Bank Nifty hit a fresh record high of 58,577.50 intraday before closing with minor gains.

NIFTY: The index opened 189 points higher at 26,057 and made a high of 26,104 before closing at 25,891. Nifty has formed a long bearish candle with a minor upper shadow on the daily chart. Its immediate resistance level is now placed at 25,950 while its immediate support is at 25,800.

BANK NIFTY: The index opened 307 points higher at 58,314 and closed at 58,078. Bank Nifty has formed a bearish candle with a long upper and minor lower shadow on the daily chart. Its immediate resistance level is now placed around 58,250 while immediate support is around 57,850.

Stocks in Spotlight

▪ EPack Prefab Technologies: Stock surged 14% after the company reported a 104% jump in Q2 net profit to Rs 29.5 crore, with revenue climbing 62% YoY to Rs 433.9 crore.

▪ Bharat Forge: Stock jumped 4.6% on news of a potential order from the Indian Army. However, the company later clarified that no contract had been signed yet.

▪ Jain Resource Recycling: Stock rose nearly 4% after reporting a 78% increase in Q2 net profit to Rs 99.2 crore, with revenue rising 52% YoY to Rs 2,113.7 crore.

Global News

▪ European markets rose on Thursday, led by energy stocks following the U.S. imposition of new sanctions on Russia. Investors also digested a fresh batch of corporate earnings reports from across Europe.

▪ Oil prices surged by around 5%, reaching a two-week high, following U.S. sanctions on major Russian suppliers amid the ongoing Ukraine conflict.

▪ Gold prices gained over 1% after two consecutive sessions of losses, with renewed geopolitical tensions fuelling safe-haven demand. Investors are also bracing for key U.S. inflation data set to be released on Friday.

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