Indian Markets End Week on High Note; Key IPOs, Earnings Ahead
Indian equity markets ended the previous week on a positive note, with the Sensex and Nifty indices registering marginal gains. Key catalysts for the upcoming week include second-quarter earnings results, major IPO launches, and the release of U.S. Fed meeting minutes. Analysts at Bajaj Broking have indicated a bullish setup for Nifty, with upside targets at 25,100 and support at 24,747.
The rally was driven by strong performance in the metals and PSU banking sectors. The Nifty Metals index surged nearly 4 percent, boosted by a weaker U.S. dollar and anticipation of EU steel import tariffs. PSU Banks also contributed to gains, demonstrating resilience in the broader market segments, such as Nifty Midcap 100 and Nifty Small Cap 100. Bank Nifty displayed strength, with new support levels at 54,800 and 55,000, and resistance around 56,150.
Looking ahead, several major IPOs are expected to hit the Indian stock market. Tata Capital is set to launch its IPO subscription on October 6, 2025, aiming to raise about $1.5 billion. Additionally, LG Electronics India is expected to launch an IPO this month, contributing to a total anticipated IPO fundraise of up to $8 billion in the last quarter of 2025 from around eight to nine large IPOs, each raising between $600 million and $1.8 billion.
Key triggers to watch this week include Q2 earnings, IPOs, U.S. Fed minutes, and global risk factors. With positive technical signals for Nifty and Bank Nifty, and a bullish setup suggested by analysts, Indian equity markets are expected to maintain their upward momentum.
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