Stock Market forecast: Sensex, Nifty gearing for bullish trend; key triggers

New Delhi: Indian stock market benchmark indices BSE Sensex and NSE Nifty are expected to start on a positive note on October 9, 2025, Monday. The recent rate cut by the US Federal Reserve increased the expectation in the stock markets across the world. The discussions between PM Narendra Modi and US President Donald Trump have also raised hopes among domestic investors.

At the same time, in terms of sectoral sentiment, there have been signs of good softening from Trump regarding the pharma sector. Also, auto sector has performed well as it recorded bumper sales, all thanks to the GST reduction. Apart from this, the FMCG sector is also in a strong position with the expectation of inflation to remain under control and increase in rural demand. Due to the plan of decreasing production in China and increasing tariffs in Europe, the metal sector, especially steel stocks, is strengthening. At the same time, crude prices are also stable, which also maintains stability in the oil and gas sector. Thus, in such a situation, there is no major negative trigger in front of the market in the near term.

Derivative Research Analyst of SAMCO Securities Dhupesh Dhameja said that the Nifty has consistently scored higher highs for the last two weeks, which is a sign of strong bullish momentum. After closing around 25,285, the index has settled above its breakout zone. Technically, the Nifty remains above its 10-DEMA and 20-DEMA, creating a zone strong demand pocket of 25,100—25,150.