Benchmark indices continued their upward trend in afternoon trading on Friday, with the Sensex rising by 394.22 points or 0.48% to reach 82,566.32, and the Nifty 50 gaining 125.25 points or 0.50% to settle at 25,307.05 by 12:45 PM. The gains were fueled by positive sentiment surrounding India-US trade negotiations and ongoing institutional investments.
Banking and public sector stocks led the charge, with State Bank of India recording the highest increase on the Nifty 50, climbing 1.75% to ₹877.20. Power Grid Corporation saw a rise of 1.42% to ₹290.20, while Adani Ports advanced by 1.32% to ₹1,414.00. Axis Bank and ONGC also saw gains of 1.18% to ₹1,181.20 and 1.19% to ₹246.29, respectively.
The Nifty Bank index significantly outperformed broader markets, surging 448.10 points or 0.80% to 56,649.40. The Nifty Financial Services index increased by 174.70 points or 0.65% to 26,898.45. The Nifty Next 50 rose by 314.30 points or 0.46% to 68,834.65, while the Nifty Midcap 100 climbed 328.30 points or 0.56% to 58,756.95.
Despite the overall market strength, metal stocks faced pressure. Tata Steel declined by 1.54% to ₹173.70, JSW Steel fell 1.25% to ₹1,160.50, and Hindalco dropped 1.16% to ₹765.15. Eicher Motors and Max Healthcare also experienced decreases of 0.93% to ₹342.30 and 0.74% to ₹1,147.30, respectively.
Market breadth remained positive, with 2,436 stocks advancing and 1,566 declining on the BSE, where a total of 4,188 securities traded. Out of these, 149 stocks reached 52-week highs, while 82 hit 52-week lows. A total of 194 stocks locked in upper circuit limits, and 136 reached lower circuit limits.
Foreign institutional investors continued their buying spree for a third consecutive session, purchasing equities worth ₹1,308 crore on October 9. Domestic institutional investors also added ₹864 crore. These sustained inflows, alongside optimism regarding potential India-US trade agreements and a reported Gaza peace accord, have enhanced investor confidence. Furthermore, TCS’s stronger-than-anticipated quarterly results and expansion plans in artificial intelligence announced earlier in the week contributed to positive sentiment across technology and broader markets.
Published on October 10, 2025.
