RIL is likely to clock a rise in net profit to Rs 20,022.6 crore and a revenue of Rs 2,48,798 crore for the quarter ended September, according to a survey of analysts’ estimates done by Bloomberg.
Index heavyweight Reliance Industries to announce its quarterly numbers today- Daily Market Update 17th Oct 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a flat to negative note.
- European equity markets ended higher in range 0.12% to 1.36%.
- Asian equity markets are trading with a negative bias.
- GIFT Nifty is little changed, Nifty futures likely to open around 25600 levels.
Benchmark Nifty index ended higher at 25585 spot levels after adding 262 points to its previous closing values.
Broader markets underperformed the benchmark as Mid and Small cap indices ended marginally higher after adding 0.46% & 0.24% respectively.
All sectoral indices, barring PSU Bank index, settled higher. Amongst them, FMCG, Realty, Consumer Durables and Private Bank index gained in range 1.48% to over 2%.
Nifty index have almost rose to the immediate price resistance of 25675 spot levels following a breakout from its Four days long congestion zone as mentioned in our previous post. At current juncture, It is well placed on multiple chart frames. Going ahead, we continue to uphold our buy on trading approach till it is holding above 25180 spot levels on closing basis.
Derivatives Overview & Outlook
Yesterday, Banknifty, Finnifty and Midcapnifty futures added 1.8%, 2% and 3.6% of open interest respectively as long buildup while no significant change was seen in Nifty futures on open interest front.
All F&O sectors, barring Finance and Power, settled higher. Amongst them, Capital Goods and Technology stocks witnessed some addition of long positions along with some short covering among Realty and FMCG stocks.
On option front, put writing was seen at multiple strikes with maximum positions are at 24500 PE followed by 25300 PE along with some call addition at out the money strikes. Maximum positions are at 26000 CE followed by 25800 CE.
Institutional Trading Activity
Yesterday, FIIs bought stocks worth Rs 997 Cr in the cash segment, bought index futures worth Rs 5067 Cr also bought stocks futures worth Rs 463 Cr. DIIs too were net buyers in the cash segment to the tune of Rs 4076 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 25750-25850; Supports 25500-25400
Banknifty – Resistances 57800-58000; Supports 57200-56800
Finnifty – Resistances 27500-27620; Supports 27200-27100
F&O Security in Ban Today: SAMMAAN CAPITAL
Important Results Today: RELIANCE, DIXON, HAVELLS, HINDZINC, JSWSTEEL, LTTS, POLYCAB, UCOBANK, TATATECH.
Disclosure
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