Indian equities ended firmly higher on Thursday, 9 October 2025. The BSE Sensex advanced by 398 points (∼0.49 %) to close at ≈ 82,172. The Nifty‑50 index settled 135.65 points higher (∼0.54 %) at ≈ 25,182, recovering from early weakness and comfortably above the psychological 25,000 level. Broader markets participated in the rally: the Nifty Midcap 100 climbed 0.97 % and the Nifty Small‑cap 100 added 0.61 %. All sector indices finished in the green, with metals, information technology and pharma stocks leading gains. The rally was underpinned by easing Middle‑East tensions, expectations of renewed foreign inflows and buying ahead of major earnings releases.
Key indices and sector performance
Index/sector
9 Oct 2025 close
Change vs. previous close
Sensex
≈ 82,172
+398 pts (+0.49 %)
Nifty 50
≈ 25,182
+135.65 pts (+0.54 %)
Top sector performers:
Metals: steel makers rallied after bargain‑hunting; the Nifty Metal index jumped ~2.2 %.
IT: optimism ahead of TCS’s quarterly results lifted the Nifty IT index by ~1.1 %.
Scheduled to kick off the Q2 FY26 earnings season; brokerages forecast net profit growth of roughly 3–10 %. Results will set the tone for the IT sector.
IRB InvIT Fund
Launched a qualified institutions placement (QIP) with a floor price of ₹62.69 per unit to raise about ₹3,000 crore, aimed at expanding its infrastructure portfolio.
Senco Gold
Reported a ~6 % year‑on‑year increase in Q2 revenue despite record‑high gold prices; indicates resilient jewellery demand.
JSW Cement
Inaugurated a new 1 MTPA grinding facility in Sambalpur, Odisha, boosting capacity and signalling bullishness on infrastructure demand.
Maruti Suzuki
Plans to add 500 service workshops this fiscal year and celebrated its 5,000th Arena service touchpoint, reinforcing expansion in aftersales service.
SpiceJet
Shares surged ~18 % after announcing new winter routes to Port Blair and Udaipur, highlighting positive sentiment toward aviation expansion.
GM Breweries
Stock rallied ~15 % intraday after reporting a 61 % YoY rise in net profit to ₹34.89 crore for Q2 and revenue of ₹717.85 crore.
Canara Robeco AMC IPO
The asset manager’s IPO was subscribed ~10 % by 2:15 PM, with strong retail participation.
Global cues and macro factors
Market/indicator
Latest value
Change (%)
Insight
Gift Nifty
~25,273.50
+0.60 %
Indicates a steady-to-positive start for Indian markets.
Nifty 50 (during morning trade)
~25,151.00
+0.42 %
Shows early optimism that translated into a positive close.
Nifty Bank
~56,151.45
+0.24 %
Financials lagged broader market but stayed positive.
U.S. indices
Dow Jones Industrial Average
~46,622.96
+0.01 %
Flat; investors digest economic data.
NASDAQ Composite
~23,063.23
+1.14 %
Gains as tech stocks rally.
S&P 500
~6,774.41
+0.59 %
Closes higher on tech strength.
Asian markets
Nikkei 225 (Japan)
~48,430
+1.46 %
Surge amid optimism over potential tax reforms.
Shanghai Composite (China)
~4,481
+1.24 %
Gains on economic stimulus hopes.
Hang Seng (Hong Kong)
~26,840
+0.04 %
Little changed amid mixed sentiment.
WTI Crude oil (USD per bbl.)
≈ 62.17
–0.61 %
Crude remains under pressure.
U.S. 10‑year Treasury yield
≈ 4.121 %
–0.01 %
Slightly lower; bond yields easing.
India VIX
≈ 10.35
+0.39 %
Volatility stays low but ticking up.
Market drivers and sentiment
IT, metal and pharma optimism: Bargain hunting and expectations of robust earnings, particularly from TCS, lifted technology and metal names. Pharma stocks benefited from defensive buying.
Easing geopolitical tensions: Reports of progress towards a cease‑fire in the Middle East reduced risk aversion and encouraged inflows into emerging markets.
Strong domestic participation: Domestic institutional investors continued to buy equities, countering the still‑tepid foreign portfolio flows and underpinning market resilience.
Anticipated U.S. macro events: Traders await the U.S. Federal Reserve’s September FOMC minutes and macro data; any hints of rate‑cut timing could influence global risk sentiment.
Outlook for 10 October 2025
Technical analysts believe the Nifty 50 is in a consolidation phase but retains a positive bias. The index needs a decisive break above the 25,200–25,250 zone to trigger the next leg of the rally towards ≈ 25,600. Support is seen between 24,900 and 25,000, where several moving averages and Fibonacci retracement levels converge. A sustained close below 24,970 could shift sentiment towards cautiousness.
Key factors to watch for Friday’s trade include:
Earnings season kick‑off: TCS results will offer the first glimpse of IT‑sector profitability in Q2 FY26 and could drive sentiment in technology stocks.
Global macro data: U.S. inflation readings and Fed minutes may influence risk appetite. European markets’ performance overnight will be monitored for cues.
Foreign flows: Continuation of FPI buying could provide additional support; domestic institutional flows remain constructive.
Commodity and currency trends: Volatility in crude oil and bond yields might affect energy and financial stocks. Stability in the rupee supported by RBI’s intervention should also cushion markets.
Resistance and support levels: Markets will watch whether the Nifty can clear 25,250; if that hurdle is crossed decisively, the rally could extend. Conversely, any dip to the 25,000–24,900 region may attract buying given the short‑term uptrend.
Summary
The Indian markets closed higher with broad‑based buying led by IT, metals and pharma. Technical indicators suggest consolidation with an upward bias. While global cues remain mixed, easing geopolitical risks, domestic earnings and firm institutional flows paint a constructive picture. Traders should monitor key earnings releases and global data, with 25,000 acting as a floor and 25,250 as the next hurdle for Nifty. Overall sentiment remains cautiously optimistic for the trading session on 10 October 2025.
Disclaimer
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