Markets close in green today: Nifty 50 up by 1.03%, Sensex by 1.04%

The Indian stock markets continued to witness a rally. The Nifty 50 started the day at 25,394.90, reached a high of 25,625.40, and closed at 25,585.30, up by 1.03%. Similarly, the BSE Sensex opened at 82,794.79 and reached a high of 83,615.48, then ended at 83,467.66, up 1.04%.

Reasons for the positive sentiment

The markets recovered due to several reasons:

• A stronger rupee and a favourable macroeconomic outlook, in hopes of a possible trade deal between India and the U.S.
• Strong domestic and foreign inflows, ahead of the upcoming festive season.
• Positive Asian market cues. 

Nifty 50 Chart Today

Sensex Chart Today

Major Indices Today

• Both the Nifty and Sensex closed in the green, led by gains in Banking, Auto, FMCG and Oil & Gas.
• The Nifty Next 50 traded positively, driven by strong buying in consumer durables, real estate, and automobile stocks.
• The Bank Nifty and Fin Nifty gained on upbeat Q2 earnings from banking and finance stocks, such as Axis Bank, HDFC Bank, ICICI Bank, and Bajaj Finance.

Sectoral Indices Today

• Nifty IT rose, supported by a strong rally in global tech stocks and gains in large-cap IT stocks.
• Nifty Auto gained on increased demand expectations during the Diwali festival and expectations of strong Q2 results, driven by robust volumes and the implementation of GST reforms.
• Nifty FMCG gained on better-than-expected corporate earnings from Nestle India, which led to a 4% increase in its share price and a positive sentiment in the overall market.
• Nifty Pharma gave modest gains as the sector reflects investors’ sentiments towards individual companies and market conditions. 
• The Nifty Oil & Gas index closed in the green, as investors maintained a positive sentiment towards energy stocks, driven by rising global oil prices.

Market Movers Today

• Eternal's share price rose by 2% ahead of Q2 results as investors anticipated robust topline growth led by Blinkit’s quick commerce business for Q2.
• HDFC AMC shares rose by 3% after positive brokerage notes on Q2 earnings.
• BLS International shares rose by 8% after the company won a contract to set up and operate Indian visa application centres in China.
• The defence company stocks, namely, MTAR Technologies, BEML, Hindustan Aeronautics Ltd (HAL), Garden Reach Shipbuilders & Engineers and Mazagon Dock Shipbuilders, rose by about 3-4% on reports that the Government is likely to boost defence funding this year.

Top Gainers

Top Losers 

52W High Stocks

52W Low Stocks

High Volume Stocks Today

IPOs

• Midwest IPO is open on the BSE and will close on October 17th. The price band is set at ₹1014-₹1065.

Listed today

• Canara Robeco shares are listed at a 5.36% premium with a share price at ₹280.25 on NSE and BSE. The price band set was ₹253 to ₹266 per share.
• Rubicon Research shares made a strong debut, with a 27.84% premium, at a share price of ₹620 on the NSE and ₹620.10 on BSE. The price band set was ₹461 to ₹485 per share.

Market Announcements

• Nestle India shares rose by 4% after the company posted revenue from operations at ₹5,643.6 crore for Q2 FY26, up by 10.6% YoY.
• Axis Bank shares jumped by 4% after the bank reported improved asset quality in its Q2 earnings.

References:

• Q2 results preview: Robust volumes likely drove auto sector growth
• Eternal shares rise 2%, hit record high ahead of Q2 earnings; quick commerce to lead growth, say experts
• HDFC AMC shares hit record high on positive brokerage notes post Q2 results: Should you buy, sell or hold?
• BLS International shares rise 8% as firm wins MEA contract to set up, operate visa application centres in China
• MTAR Tech, BEML, HAL rise up to 4% on report of govt's plan to boost defence spending in FY26
• Nestle India share price rises 4% after Q2 results beat estimates, top Nifty gainer
• Axis Bank Q2 results propel Bank Nifty past 57,200; analysts say 57,500 is next resistance