Sensex Gains 400 Points as Nifty Crosses 25,300 Amid Strong Buying Momentum

Indian stock markets extended their rally on October 10, continuing the momentum from the previous session. The Sensex climbed over 405 points (0.5%) to 82,577.80, while the Nifty 50 rose more than 120 points (0.48%) to 25,302.65 by late morning trading. Broad-based buying drove the markets higher, with real estate stocks leading the gains and metal stocks facing some pressure.

Market Drivers Behind Today’s Rally

Several key factors contributed to the positive sentiment in the stock market today:

• In-line TCS Results: Tata Consultancy Services (TCS) reported its Q2FY26 earnings with a consolidated net profit of ₹12,075 crore, up 1.4% YoY. Revenue from operations increased to ₹65,799 crore. These results, aligned with expectations, provided an early boost to investor sentiment, especially among IT peers like Wipro and Infosys, which rose nearly 1% each.
• Liquidity Returns via IPOs: The primary markets saw strong inflows from recent IPOs. Tata Capital’s ₹15,512-crore IPO closed recently, and refunds for non-allotted investors are expected to inject liquidity into the stock market. Similarly, the LG Electronics India IPO, oversubscribed 54 times, will bring additional inflows once allotments are processed.
• Progress in Trade Talks: Prime Minister Narendra Modi’s phone discussion with US President Donald Trump highlighted positive developments in trade negotiations. This, coupled with the US signaling reduced Russian oil imports and increased US oil purchases by India, added to market optimism.
• Foreign Institutional Investor (FII) Buying: FIIs were net buyers for the third consecutive session on October 9. Continuous FII participation in the cash market strengthened the market rally.
• Banking Sector Momentum: Bank Nifty surged past the 56,500 mark, reaching 56,547.60, led by gains in Punjab National Bank, SBI, Axis Bank, and Canara Bank, each rising over 1%. The Nifty PSU Bank index also climbed 0.8% to 7,627.30. Measures from the RBI easing lending rules and positive Q2 results from major banks supported this sectoral growth.

Key Indices Snapshot

• Sensex: 82,577.80 (+405 points, 0.5%)
• Nifty 50: 25,302.65 (+120 points, 0.48%)
• Bank Nifty: 56,547.60 (+0.6%)
• Nifty PSU Bank: 7,627.30 (+0.8%)

Sector Performance

• Leading Gainers: Real estate, banking, IT peers of TCS
• Lagging Sectors: Metals, select pharma stocks

What Lies Ahead

Market sentiment remains buoyant as long as Nifty 50 stays above 25,000 and Sensex above 81,700. Sustained buying from FIIs, continued IPO inflows, and positive trade developments are likely to support further upward movement in the near term.