📡 RADAR: WHAT TO WATCH
🎯 BOTTOM LINE · FRIDAY, 30 OCTOBER 2026
"NIFTY RECLAIMS 23,000; SENSEX GAINS 308 POINTS AS IT, PHARMA LEAD"
Markets extended gains for a second session, with the Nifty closing above the crucial 23,000 mark. However, the rally remained narrow, with midcaps and smallcaps under pressure. IT and pharma stocks provided the bulk of support, while elevated crude prices and weak breadth remained concerns.
✅ POSITIVES
- Nifty reclaims 23,000; Sensex up 308 pts
- IT index surges 2.3%; Infosys +3.36%
- Pharma index gains 1.8%; Apollo +3%
- Rupee recovers 33 paise to 94.93
- Trent, IndiGo among top gainers
⚠️ NEGATIVES
- Midcap -0.8%, Smallcap -1.8%
- Market breadth negative (2,862 declines)
- Consumer durables, PSU banks fall 1%
- Crude near $116/barrel remains a concern
- FIIs net sellers ₹803 crore on Friday
🎯 WHAT'S NEXT: Support: 22,800 · Resistance: 23,195–23,500. Nifty has closed above the 20-day EMA and broken out of its consolidation range. The 22,800 level is now the key support to watch. A decisive hold above this could extend gains towards 23,200–23,500. Watch crude prices, FII flows, and global cues for direction.









