Indian Stock Market Today: Sensex & Nifty 50 Extend Gains for 4th Straight Session

The Indian stock market continued its upward trajectory, with the Sensex and Nifty 50 posting gains for the fourth consecutive session on Tuesday, October 7. Investors remained cautiously optimistic, navigating a mix of domestic and global cues while positioning ahead of the upcoming Q2 earnings season.

Market participants noted that while the indices edged higher, some profit booking capped gains across select sectors. The market sentiment highlighted the growing interest in midcaps and smallcaps, as traders looked for opportunities beyond frontline stocks.

Market Performance Highlights

• Sensex: Closed 137 points higher at 81,926.75, up 0.17%.
• Nifty 50: Ended at 25,108.30, up 31 points, or 0.12%.
• BSE Midcap Index: Rose 0.45%, reflecting investor interest in mid-sized companies.
• BSE Smallcap Index: Declined 0.15%, indicating selective selling pressure among smaller firms.

Frontline stocks drove much of the market’s momentum. HDFC Bank, ICICI Bank, Bharti Airtel, and Reliance were the primary contributors to the Sensex’s rise. On the flip side, Axis Bank, Infosys, SBI, and Tata Motors exerted downward pressure, slightly limiting the overall gains.

Sectoral Movements

The session displayed a mixed performance across sectors:

• Banking & Financials: HDFC Bank and ICICI Bank led the gains.
• Telecom: Bharti Airtel contributed positively, reflecting steady investor interest.
• Energy & FMCG: Reliance and select consumer staples stocks supported the rally.
• Drag Sectors: IT and PSU stocks like Infosys and SBI weighed on the indices.

The market’s movement showcased a classic example of selective buying, with heavyweights steering the major indices while sector-specific pressures created a balanced trading environment.

Investor Insights

Investors tracking the Indian stock market today observed that:

• Gains were supported by strong momentum in large-cap stocks.
• Midcap interest surged, highlighting a search for growth opportunities amid steady blue-chip performance.
• Smallcap performance remained uneven, reflecting caution in smaller, volatile stocks.

Overall, the session reflected a blend of optimism and caution, with traders carefully assessing Q2 earnings prospects while reacting to global market cues.

Summary

The Sensex and Nifty 50 extended gains for the fourth straight session, demonstrating resilient market sentiment. While large-cap stocks such as HDFC Bank, ICICI Bank, Bharti Airtel, and Reliance led the rally, profit booking in IT and PSU sectors limited overall upside. Midcaps showed promising momentum, whereas smallcaps remained under pressure.

The Indian stock market today highlighted selective buying patterns, with investors balancing optimism for upcoming earnings against potential short-term corrections. With the Q2 earnings season around the corner, market participants are expected to remain alert, tracking key trends across both large-cap and midcap segments.