The Indian stock market today carried forward its positive momentum, marking the second straight day of gains. Despite mixed cues from global peers, both the Sensex and Nifty 50 found solid footing as investors turned optimistic about trade discussions and steady foreign inflows.
The Sensex climbed 329 points, or 0.40%, to close at 82,500.82, while the Nifty 50 advanced 104 points, or 0.41%, ending at 25,285.35.
Midcap and Smallcap stocks joined the rally, signaling broader market participation. The BSE Midcap Index rose 0.36%, and the Smallcap Index gained 0.59%.
In total, the market capitalization of all BSE-listed companies jumped to around ₹462 lakh crore, up from ₹460 lakh crore in the previous session — adding nearly ₹2 lakh crore to investor wealth in just a single day.
Why Did the Sensex and Nifty Rise Today?
The uptrend was largely supported by optimism surrounding trade discussions between India and the US. Market sentiment turned positive as talks appeared to make headway, raising hopes of a breakthrough in the bilateral trade agreement.
On Thursday, October 9, Prime Minister Narendra Modi held a conversation with US President Donald Trump, congratulating him on progress in the Gaza peace plan. During the exchange, both leaders reviewed ongoing trade negotiations, noting “good progress.”
Adding to the confidence, Union Minister Piyush Goyal reaffirmed that India and the US are actively pursuing dialogue to finalize the trade pact, aiming to meet the November 2025 timeline.
Meanwhile, Foreign Institutional Investors (FIIs) maintained their buying momentum in the cash market since October 7, adding further strength to the overall market sentiment.
Top Gainers: Pharma and Auto Drive the Upside
Out of the Nifty 50 pack, 35 stocks closed in the green, led by strength in select pharma, banking, and auto counters.
- Cipla surged 3.63%
- SBI gained 2.22%
- Maruti Suzuki India added 1.88%
These sectors benefited from steady demand and supportive market cues, helping maintain overall momentum through the trading session.
Top Losers: Metal and IT Under Pressure
A few heavyweight stocks, however, saw mild profit booking.
- Tata Steel slipped 1.46%
- TCS eased 1.10%
- HDFC Life Insurance declined 0.74%
Despite the drop, the broader sentiment stayed constructive as investors rotated funds into other performing sectors.
Sectoral Snapshot: Broad-Based Market Support
The market strength wasn’t limited to large caps. Almost every sector joined the rally except metals and IT, which showed minor weakness.
Here’s how the sectoral indices fared:
- Nifty PSU Bank: +1.67%
- Nifty Realty: +1.67%
- Nifty Pharma: +1.29%
- Nifty Healthcare: +1.02%
- Nifty Bank: +0.74%
- Financial Services: +0.44%
The rotation across sectors suggests that market participants are positioning themselves cautiously but remain optimistic about India’s medium-term outlook.
Market Summary
The Sensex and Nifty 50 have now extended gains for two consecutive sessions, indicating resilience despite uneven global cues. Broader participation from midcap and smallcap segments further reinforced investor confidence.
With discussions on international trade gaining traction and steady institutional buying underway, the market’s tone remains constructive for now.
The Indian stock market today demonstrated once again how sentiment and steady inflows can outweigh short-term uncertainty — reflecting both domestic strength and global optimism.
Easy & quick
Leave A Comment?