India’s benchmark equity index, the Nifty 50, has approached the 26,000-mark — just about 1 % shy of its prior peak of 26,277 registered in September 2024. It has gained over 10 % in the financial year 2025-26 and more than 5 % in October alone. The daily technical charts look supportive: shorter-term moving averages sit above longer-term ones, which suggests the up-trend remains intact. 
However, the market is not without its caveats. Near-term support is seen around 25,700 and 25,355 levels; if these give way, the trend could weaken. Upside hurdles are visible at 26,300–26,350, with longer-term targets around 28,300 if momentum holds.

Domain experts also highlight that while domestic liquidity is strong and investor sentiment is buoyed by hopes of a trade deal and easing global tensions, the market is still vulnerable to global shocks, rate-cut uncertainty and foreign fund outflows.

For investors, this environment suggests caution-plus-opportunity: staying invested may be justified if support holds and earnings revive, but chasing the top without good risk controls could be risky.