Indian markets are opening today after a day's holiday. Amid rising tensions in the Middle East, the US and Asian markets have been under pressure for the past two days. On Tuesday, the Nifty was seen trading in the range of 160 points and closed in the red. Amid rising geopolitical tensions, Chris Wood of Jefferies has reduced his weightage on the Indian market by 1% and increased the weightage on the Chinese markets by 2%. Chris Wood has said in a recent report that geopolitical tensions are the biggest risk for equity markets.

On Tuesday, Nifty tested the very important level of 25,750. Many technical analysts are looking at it as a very important level for Nifty. They say that if Nifty slips below this, then the index can see further correction.

Not only geopolitical tensions, but the announcement of changes in F&O rules by SEBI will also have an impact on the market today. SEBI has announced an increase in everything from increasing the contract size to upfront margin. Although the new rules will be implemented in a phased manner, but its first reaction will be seen in the market today. Today is also the weekly expiry of Nifty. Along with this, business updates of many companies will also start coming. All eyes are on the updates of the banking sector and the performance of banks on the deposit front. Signals from global markets With increasing tensions in the Middle East, market sentiments will be decided on the basis of liquidity for the next few weeks. US President Joe Biden has made it clear that he will not support any attack by Israel on Iran. US markets closed with a slight gain yesterday. In the US, private companies added 1,43,000 new jobs during September 2024. Growth has been seen in it after 5 months of sluggishness. For the first time since April, employment figures from the manufacturing sector have increased. Talking about Asian markets, Japan is seeing a boom today. The new Prime Minister of Japan said that the economy is not in a position to hike rates further. After this, there was pressure on the yen against the dollar. Today, the major index Nikkei is operating with a gain of about 2.5%. The markets of China and South Korea are closed today. Hong Kong's Hang Seng index is seeing a pressure of 2% more today. Crude oil has continued to rise for the third day today. If tensions in the Middle East increase further, there may be a supply crisis. Brent crude oil has crossed $ 75 per barrel in the international market. FIIs - DIIs figures Foreign institutional investors have sold in the cash market on Tuesday. At the same time, domestic institutional investors have bought in the cash market on this day. Outlook for Nifty today Rajesh Bhosale of Angel One said that the outlook for Nifty looks cautious. The level of 25,600 - 25,500 is important for the index, which is also very close to the 20-DEMA. On the contrary, the level of 26,000 - 26,150 is the resistance zone for the index. Selling pressure can be seen on any bounceback in the index. Rajesh Bhosale has advised traders to reduce long positions. Rupak Dey of LKP Securities said that there has been heavy call writing at the strike of 25,800, which can become the first resistance for the index. The first support for Nifty is at the level of 25,750. After slipping below this, Nifty can go up to 25,600 - 25,500. Only after crossing 25,850, there is a possibility of the index reaching 26,050. Sellers may become active again at this level. Outlook for Nifty Bank today

Nifty Bank is almost flat on Tuesday. Due to Wednesday being a holiday, Nifty Bank also had its weekly expiry on this day. Nifty Bank is now seen struggling to cross the 53,200 level. Nifty Bank closed below 53,000 on Tuesday. In the last 3 sessions, this index has slipped by about 1,500 points so far.

Dhupesh Dhamija of SAMCO Securities said that Nifty Bank has been sluggish in the first weekly expiry of the October series. On the daily chart, the index is seeing selling pressure from the upper levels. There is currently strong support for the index at the level of 20-DEMA i.e. 52,780. As long as the index remains above this level, a small pullback is possible. However, after slipping below 52,700, pressure may increase in the index.

Which stocks will be in focus today

Dabur India: In the statement issued by the company in the July-September quarter, it has been said that the demand trend of the second quarter showed improvement. Home consumption was affected by rain and floods. Consumer offtake was affected in the second quarter. Beverages category business was affected by rain and floods. Double digit growth is expected in topline i.e. income. Badshah Masala business continues to perform well.

Thermax: Subsidiary Thermax Engineering Singapore Pte invested ₹29.5 crore in Thermax (Thailand) unit.

Suzlon Energy: The company has received a notice from NSE. The notice states that the company has failed to inform the exchanges on time about the resignation of independent director Mark Desdeleire and the analyst call held in June. The exchange says that information about the analyst meeting has to be given at least two days in advance.

Aurobindo Pharma: The company has received approval from the US FDA for manufacturing and selling Cephalexin drug.

Coal India: September coal production declined 1% to 50.9 mt on an annual basis. September offtake declined 1.4% year-on-year to 54.4 mt.

NMDC: Company released business updates. Company says production in September increased 1.3% year-on-year to 3.04 mt. Sales increased 13.8% year-on-year to 3.54 mt.

JB Chemicals and Pharmaceuticals: Company approves capacity addition at IV manufacturing facility in Panoli. Company says dedicated manufacturing line for povidone/iodine liquid, ointments is set up.

Man Infraconstruction: Company has successfully acquired the much-awaited Vile Parle project. The total estimated sales potential of this project is more than ₹1,200 crore.

South Indian Bank: Gross advances in Q2 increased 13.1% to ₹84,741 crore. Deposits increased 8.6% to ₹1.05 lakh crore. CASA increased by 8% to ₹33,583 crore. CASA ratio decreased by 32.03% to 31.85%.