Daily Market Wrap – Oct 21, 2025

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Daily Market Wrap: 21 October 2025

🐂 Indian markets kicked off Samvat 2082 on a positive note, with the Sensex closing 63 points higher and Nifty settling above 25,850 during the special one-hour Diwali Muhurat trading session.

🐻 The initial festive rally saw indices touch new highs before profit-booking erased most of the gains, signaling investor caution at elevated levels.

🐂 Brokerages entered the new year with strong optimism, releasing a slew of stock recommendations for Samvat 2082, banking on a robust earnings outlook and continued economic growth.

🐻 Amid the bullish sentiment, Zerodha’s Nithin Kamath sounded a note of caution, warning that market euphoria and greed are timeless drivers of boom-and-bust cycles.

🐂 Positive global cues provided a firm tailwind, as Asian markets surged with Japan’s Nikkei hitting a new record, boosting overall risk sentiment.

The start of Samvat 2082 was a perfect snapshot of the current market mood. An initial burst of festive optimism, backed by strong global markets, was quickly met with pragmatic profit-taking. This suggests that while investors are hopeful about the year ahead, they are also keenly aware of the high valuations and are not hesitating to cash in on rallies. The day was a tug-of-war between bullish long-term sentiment and cautious short-term strategy.

Until tomorrow.

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