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Zee Business Managing Editor Anil Singhvi, in his 2 PM market update, said that the market showed signs of recovery after a brief pause in the previous session. Both Nifty50 and Bank Nifty rebounded from their key support zones, driven by easing selling pressure from foreign investors (FIIs).

According to Singhvi, Nifty found strong support near 25,000, while Bank Nifty held around 55,825. From these levels, a good recovery was seen as the market tried to regain upward momentum after a minor halt in the four-day rally.

He noted that if Nifty slips below 25,000 or Bank Nifty below 55,800, weakness may return. On the upside, Nifty above 25,225 and Bank Nifty above 56,300 could strengthen the trend.

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For positional traders, he advised caution if Nifty closes below 24,950 or Bank Nifty below 55,600, while a close above Nifty 25,125 and Bank Nifty 56,300 could indicate renewed bullishness.

Ahead of Q2 results, TCS showed strong gains, sparking buying interest in midcap IT stocks as well. Pharma shares also remained in focus, supported by reports that generic drugs will not be brought under tariff pressure.

Meanwhile, metal stocks rallied as global metal prices continued to move higher, boosting investor sentiment across the sector.

Hindustan Zinc: Benefited from the rise in global metal and silver prices.

Nykaa: Witnessed strong momentum amid sharp buying in e-commerce stocks.

Granules India: Among top gainers in the pharma pack, with strong sector-wide action.

Tata Consultancy Services (TCS) is announcing its Q2 FY26 results today, October 9, 2025, after market hours. This marks the start of the Q2 earnings season for the Indian IT sector. The Board of Directors will also consider a second interim dividend, with the record date set for Wednesday, October 15, 2025

Overall, Singhvi said the market tone remains positive as long as key support levels hold, with IT, pharma, and metal stocks leading the recovery trend.

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Abhay Shukla is a Senior Sub-Editor at Zee Business, where he covers the stock markets, corporate news, personal finance, technology, and auto sectors.

Prior to joining Zee Business, he w ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.