Morning Market Report | 8th Oct 2025
Global Cues:
Wall Street turned lower overnight as the US government shutdown entered another week after the Senate blocked a key spending bill again. The S&P 500 slipped 0.38% and Nasdaq fell 0.67%, snapping the S&P’s 7-day winning streak.
Meanwhile, Gold surged past $4,000 per ounce for the first time ever, driven by a weaker dollar, rising geopolitical tensions, and persistent macro uncertainty.
US 10-year yield eased 3 bps to 4.13%, while the Dollar Index stayed soft near 98.6, reflecting investor risk aversion.
Brent Crude remained stable around $65.5/bbl, providing comfort to emerging markets like India.
FOMC minutes from the last meeting are due today — markets will watch for cues on rate path and inflation stance.
GIFT Nifty indicates a mild negative start, trading 13 points lower at 25,211.
Domestic Setup (Spot Levels – 8 Oct 2025)
NIFTY 50:
Support: 25,000 / 24,900
Resistance: 25,150 / 25,200
BANK NIFTY:
Support: 56,000 / 55,800
Resistance: 56,400 / 56,600
NIFTY FIN SERVICE:
Support: 26,600 / 26,500
Resistance: 26,800 / 26,900
BSE SENSEX:
Support: 81,700 / 81,500
Resistance: 82,300 / 82,500
Stock to Watch