Stock Market Closes in Green: Nifty 50 up by 0.41%, Sensex by 0.40%

Today, the Indian markets witnessed positive sentiment and closed in the green. Nifty opened at 25,167.65, made a high of 25,330.75, and closed at 25,285.35, up by 0.41%. Sensex opened at 82,075.45, and made a high of 82,654.11. It closed at 82,500.82, up by 0.40%.

Reasons for the positive sentiment

The market remained positive due to several reasons:

The optimism was driven by renewed FII inflows and easing geopolitical tensions, which boosted investors' confidence.
Healthy IPO demand and expectations of strong Q2 earnings also lifted the market sentiment.

Major Indices Today

Indices	LTP	Prev close	1D Change
Nifty 50	25,285.35	25,181.80	0.41%
BSE Sensex	82,500.82	82,172.10	0.40%
Next 50	68,687.25	68,520.25	0.24%
Bank Nifty	56,609.75	56,192.05	0.74%
Fin Nifty	26,842.25	26,724.30	0.44%

Both Nifty and Sensex closed positively, influenced by gains in SBI, Maruti Suzuki, Adani Ports, Bharat Electronics, and the addition of fund inflows from FIIs.
Nifty Next 50 traded higher due to the strong gains in Divis Labs, PNB, Lodha Developer and DLF.
The Bank Nifty and Fin Nifty were up, driven by gains from State Bank of India, HDFC, Punjab National Bank and Axis Bank.

Sectoral Indices Today

Indices	LTP	Prev close	Change
Nifty IT	35,609.05	35,628.50	-0.05%
Nifty Auto	26,721.20	26,587.00	0.50%
Nifty FMCG	54,966.45	54,707.45	0.47%
Nifty Pharma	22,218.25	21,936.20	1.29%
Nifty Healthcare	14,742.25	14,593.50	1.02%
Nifty Oil & Gas	11,467.25	11,467.25	0.00%

Nifty IT turned negative, driven by weak global cues and cautious commentary from other IT companies over US IT clients cutting down on tech spending.
Nifty Auto rose due to gains in Maruti Suzuki, Bajaj Auto, M&M, and Eicher Motors.
Nifty FMCG traded positively with significant contributions from ITC, HUL, Nestle India, and Tata Consumer Products shares.
Nifty Pharma was pulled up by the gains in Divis Labs, Cipla, Sun Pharma and Dr Reddy’s Laboratories.
The Nifty Oil & Gas index remained flat amid a tug-of-war between the pullers (RIL, ONGC, GAIL, etc.) and draggers (BPCL, IOC, etc.) in the index.

Market Movers Today

SpiceJet shares rose by 7% after the company added three new aircraft to its operational fleet, including an Airbus A340 wide-body and two Boeing 737s.
Tata Communications' share rose by 14.8% due to the optimism surrounding its potential role in the burgeoning AI and data centre ecosystem.
Yes Bank shares hit a 52-week high after the acquisition by Japanese financial major Sumitomo Mitsui Banking Corporation.
GMDC shares rose by 7% as the Indian Government prepares a ₹7,300 crore incentive scheme for rare earth magnet production.

Top Gainers

Company Name	Last Price	Prev Close	Change
PG Electroplast	585.95	553.15	5.93%
Yes Bank	24.00	22.42	7.05%
Divis Laboratories	6,474.50	6,132.00	5.59%
HFCL	76.04	73.98	2.78%
Cipla	1,561.80	1,513.10	3.22%

Top Losers

Company Name	Last Price	Prev Close	Change
SAIL	132.17	136.46	-3.14%
Manappuram Finance	284.75	294.25	-3.23%
Tata Elxsi	5,407.50	5,573.00	-2.97%
Muthoot Finance	3,156.90	3,249.50	-2.85%
UNO Minda	1,219.80	1,260.00	-3.19%

52W High Stocks

Company Name	LTP	52W high	Change
State Bank of India	880.65	883.75	2.15%
Eternal	348.30	349.90	0.81%
Punjab National Bank	117.24	117.85	2.57%
Polycab	7,730.00	7,794.50	1.30%
Canara Bank	127.39	128.60	0.97%

52W Low Stocks

Company Name	LTP	52W low	Change
Urban Company	156.74	156.25	-2.40%
Clean Science & Technology	1,072.30	1,033.00	3.34%
Westlife Foodworld	641.75	638.20	-2.30%
Tips Music	549.05	537.60	0.80%
Advance Agrolife	110.27	102.00	5.00%

High Volume Stocks Today

Company Name	LTP	Prev Close	Change
ITC	402.80	399.90	0.73%
Bharat Electronics	413.50	409.35	1.01%
Vedanta	482.20	484.20	-0.41%
HDFC Bank	980.90	977.10	0.39%
Hindustan Zinc	498.30	512.25	-2.72%

IPOs

Rubicon Research and Canara Robeco Asset Management Company IPOs are open for subscription today and will close on October 13th, with a price band of ₹461-₹485 and ₹253-₹266, respectively.
Canara HSBC Life Insurance IPO opened today and will close on October 14th. The price band is set at ₹ 100-₹ 106.

Allotment Status

LG Electronics shares allotted today. Investors can check the allotment status online through the websites of BSE and NSE.

Listed Today

WeWork India shares are listed today at a discount of 0.23% at ₹650 on NSE. The price band was set at ₹615-₹648 per share.

Market Announcements

TCS is to create over 5,000 new jobs in the UK in the next three years.
Shares of Reliance Power rose by 15% amid buying interests and high trading volumes.