Overview of market movements
Indian equities opened on a firm note on 10 October 2025, supported by positive overnight cues from derivatives markets and continued buying by domestic institutions. Gift Nifty – a barometer for the Nifty 50’s opening – traded above 25,430 in early deals and signalled a rise of roughly 0.8 % over the previous close. The benchmark Nifty 50 climbed into positive territory within minutes of trading and hovered near 25,300, while the Sensex traded around 82,600. Banking and financial stocks led gains, helping the Nifty Bank index move close to 56,700. Broader indices such as the Nifty Midcap and Small‑cap also saw buying interest.
Positive domestic flows outweighed the mixed global backdrop. Foreign portfolio investors (FPIs) were net buyers of roughly ₹1,308 crore on 9 October, while domestic institutional investors (DIIs) added about ₹864 crore. Sentiment was supported by easing Middle‑East tensions, expectations of a healthy corporate earnings season and continued reforms momentum. However, weak U.S. and Asian markets kept gains in check. Overnight, the Dow Jones Industrial Average fell by about 0.54 %, the NASDAQ Composite slipped 0.11 % and the S&P 500 shed 0.30 %. Asian markets such as Japan’s Nikkei 225 (‑0.92 %) and Hong Kong’s Hang Seng (‑1.14 %) traded lower, although China’s Shanghai Composite lost only 0.51 %. Brent crude remained around $61–62 per barrel, and the U.S. 10‑year Treasury yield hovered near 4.13 %. Low volatility continued, with the India VIX near 10.2.
Key indices and market statistics
| Index / indicator | Value (approx.) | Change vs. previous close |
|---|---|---|
| Gift Nifty | ≈ 25,434 | +0.84 % |
| Nifty 50 | ≈ 25,297.2 | +0.46 % |
| Nifty Bank | ≈ 56,660.8 | +0.83 % |
| Sensex | ≈ 82,620.9 | +0.55 % |
| India VIX (volatility index) | ≈ 10.23 | +1.04 % |
| WTI Crude (US$/bbl) | ≈ 61.36 | –0.26 % |
| U.S. 10‑yr treasury yield | ≈ 4.132 % | –0.0016 % |
Early values; changes are relative to the previous session’s close.
Top gainers and losers (Nifty 50)
Top gainers – 10 October 2025
| Stock | LTP (₹) | Gain (%) | Notes |
|---|---|---|---|
| Cipla | ≈ 1,561.8 | +3.2 % | Pharma major rallied on expectations of strong quarterly results and sector rotation into defensives. |
| Maruti Suzuki | ≈ 16,265.0 | +1.8 % | Auto stock advanced on steady order book and positive commentary about festive‑season demand. |
| Bajaj Auto | ≈ 8,946.5 | +1.6 % | Two‑wheeler maker gained following robust September sales figures and positive export outlook. |
| Dr Reddy’s Laboratories | ≈ 1,264.4 | +1.5 % | Pharma stock rose on renewed buying interest after recent underperformance. |
| NTPC | ≈ 339.7 | +1.2 % | PSU power major climbed after its renewable‑energy arm signed a large solar‑ and wind‑energy pact with the Gujarat government. |
Top losers – 10 October 2025
| Stock | LTP (₹) | Loss (%) | Notes |
|---|---|---|---|
| Tata Consultancy Services (TCS) | ≈ 3,028.3 | –1.0 % | IT heavyweight weakened ahead of its Q2 FY26 earnings release later in the day. |
| HDFC Life Insurance | ≈ 747.3 | –0.9 % | Insurance stock slipped amid profit‑taking and cautious sentiment toward financials. |
| JSW Steel | ≈ 1,167.8 | –0.6 % | Steel major declined due to softness in metal prices and weak Chinese demand cues. |
| Shriram Finance | ≈ 665.1 | –0.6 % | NBFC stock eased after a strong run; investors booked short‑term profits. |
| Bajaj Finserv | ≈ 2,004.3 | –0.5 % | Financial services company fell as traders rotated out of financials into defensives. |
LTP = last traded price. The percentage change is relative to the previous close.
FII/ DII trading activity (recent sessions)
| Date (2025) | FII net (₹ crore) | DII net (₹ crore) | Trend |
|---|---|---|---|
| 9 October | +1,308.2 | +864.4 | Foreign investors and domestic institutions were net buyers; supports sentiment. |
| 8 October | +81.3 | +330.0 | Both FPIs and DIIs were buyers, albeit modestly. |
| 7 October | +1,440.7 | +452.6 | Continued positive flows from both FPIs and DIIs. |
| 6 October | –313.8 | +5,036.4 | FPIs booked profits; DIIs provided strong support. |
| 3 October | –1,583.4 | +489.8 | FPIs sold; DIIs absorbed the supply. |
Global cues
| Market/ index | Latest value | Change (%) | Insight |
|---|---|---|---|
| Dow Jones Industrial Average | ≈ 46,372.4 | –0.54 % | U.S. markets retreated on cautious sentiment ahead of inflation data and earnings season. |
| NASDAQ Composite | ≈ 23,037.3 | –0.11 % | Tech stocks held up better but still closed slightly negative. |
| S&P 500 | ≈ 6,754.4 | –0.30 % | Broad index declined modestly amid profit‑taking. |
| Nikkei 225 (Japan) | ≈ 48,132.3 | –0.92 % | Japanese equities slipped as investors reacted to weaker‑than‑expected machinery orders. |
| Hang Seng (Hong Kong) | ≈ 26,447.9 | –1.14 % | Hong Kong shares were pressured by real‑estate weakness and profit‑taking. |
| Shanghai Composite (China) | ≈ 4,462.2 | –0.51 % | Mainland equities edged lower amid concerns over economic recovery. |
| WTI Crude | ≈ US$61.36/bbl | –0.26 % | Oil prices eased slightly as traders weighed supply concerns against demand headwinds. |
| U.S. 10‑year Treasury yield | ≈ 4.132 % | –0.0016 % | Yields were steady, reflecting expectations that the Federal Reserve may keep rates higher for longer. |
Key stocks to watch & corporate updates
- NTPC Green Energy – The renewable‑energy arm of NTPC signed a memorandum of understanding with the Gujarat government to develop 10 GW of solar capacity and 5 GW of wind‑power projects. The partnership underscores India’s push toward large‑scale renewable infrastructure and could improve NTPC’s long‑term growth prospects.
- RailTel Corporation – RailTel received a letter of intent from the Karnataka Centre for e‑Governance for a project worth ₹18.22 crore to provide OEM support for the KSWAN 2.0 routers and switches. The contract strengthens RailTel’s presence in government digital‑infrastructure initiatives.
- Mahindra & Mahindra – The automaker announced that it produced 99,758 vehicles in September, up 24.4 % year‑on‑year. Sales increased 13.9 % to 97,744 units and exports surged 44 %, indicating robust demand both domestically and abroad.
- Titan Company – Titan reported an 18 % rise in domestic sales for Q2 FY26, lower than the 25 % growth recorded a year earlier. Management cited higher gold prices as a headwind for premium jewellery demand. The stock may remain in focus as investors watch margin trends in its jewellery business.
- Tata Motors (Jaguar Land Rover) – Tata Motors disclosed that its luxury arm JLR’s Q2 wholesale volumes fell 24.2 % year‑on‑year to 66,165 units and retail sales declined 17.1 % to 85,495 units amid supply constraints and softer demand. Investors will monitor commentary on chip supplies and new‑model launches.
- Upcoming earnings – IT major Tata Consultancy Services (TCS) is scheduled to report its Q2 FY26 results on 11 October. Brokerages expect mid‑single‑digit revenue growth and a modest sequential improvement in margins. The first major IT earnings report of the season could set the tone for the sector.
Outlook for tomorrow (11 October 2025)
- Market sentiment is expected to remain cautiously positive. Gift Nifty futures indicate a steady-to-slightly firmer start near the 25,300‑25,400 range. However, further upside may depend on corporate earnings and global cues.
- The release of TCS results after market hours on 10 October will be a major event; strong numbers could lift IT stocks, while a miss might trigger profit‑taking. Other companies across banking, autos and consumer sectors will also start reporting next week.
- Global factors: investors will watch U.S. consumer‑price inflation data due later in the week and comments from Federal Reserve officials for guidance on interest‑rate policy. Asian markets may remain volatile as Chinese economic indicators are released.
- Technical view: traders see immediate support for the Nifty 50 around 25,100 and resistance near 25,350–25,400. For the Bank Nifty, support lies near 56,000 with resistance around 56,800.
Conclusion
On 10 October 2025, Indian equities were buoyant in early trade, with benchmark indices edging higher despite mixed global cues. Supportive domestic liquidity and optimism ahead of the earnings season kept sentiment constructive. Pharma and auto stocks led the gainers, while some financial and IT names saw profit‑booking. Looking ahead to 11 October, investors will focus on the first set of Q2 results, especially TCS, while keeping an eye on global macro indicators and FII flows.
