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Axis Bank emerged as the top gainer on the Nifty 50, rising 2.34 per cent to ₹1,197.00 from its previous close of ₹1,169.60, recording a trading volume of 53,71,347 shares worth ₹64,697.34 lakh. Titan followed with a 1.79 per cent increase to ₹3,612.70 from ₹3,549.00, while Adani Enterprises gained 1.77 per cent to ₹2,577.60 from ₹2,532.80. Bajaj Auto advanced 1.58 per cent to ₹9,140.00 from ₹8,998.00, and Eicher Motors climbed 1.57 per cent to ₹7,003.00 from ₹6,895.00.
On the downside, HDFC Life led the losers, falling 2.79 per cent to ₹739.90 from its previous close of ₹761.15, with a substantial volume of 25,31,980 shares traded worth ₹18,668.04 lakh. SBI Life declined 1.39 per cent to ₹1,815.10 from ₹1,840.60, while Shriram Finance dropped 1.08 per cent to ₹669.85 from ₹677.15. Infosys slipped 0.63 per cent to ₹1,465.10 from ₹1,474.40, and Sun Pharma decreased 0.54 per cent to ₹1,646.20 from ₹1,655.10.
“With favorable macroeconomic conditions, easing dollar outflows, and strong domestic liquidity, Indian equities remain well-positioned to extend their gains, led by strength in banking, IT, and consumption sectors,” said Ponmudi R, CEO of Enrich Money. He noted that a sustained move above 25,400 could lead to a steady rally, with 25,450 as the immediate swing target and 25,650 emerging as the next significant resistance zone.
The banking sector showed particular strength, with Bank Nifty breaking higher highs and confirming a strong bullish trend. “Bank Nifty continues its upward trajectory, breaking higher highs each day and confirming a strong bullish trend after crossing its previous resistance line. Sustaining above 56,600 could further extend the momentum, and a close above 57,000 would signal a fresh phase of rally toward 57,300–57,600 in the near term,” Ponmudi R added.
Market sentiment received a boost from multiple factors. “Bullish euphoria is set to light up Dalal Street ahead of Diwali, with rate cut hopes from the Fed, upbeat global cues, and the IMF raising India’s FY26 GDP forecast to 6.6 per cent boosting sentiment,” said Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd. He noted that dovish comments from Fed Chair Powell, easing trade war fears, and crude near $58.60 per barrel further support the rally.
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, highlighted the trade dynamics. “Latest comments from the US administration indicate reduction in the India-US trade tensions and points to the possibility of a US-India trade deal in the next few weeks. The low CPI inflation of 1.54 per cent in September and the possibility of FY26 annual inflation declining to 2.6 per cent open up the possibility of further rate cuts by the MPC.”
In commodities, gold and silver prices extended their rally to fresh highs as expectations grew for an imminent Federal Reserve rate cut. “Gold has support at $4170-4140 while resistance at $4255-4270,” said Rahul Kalantri, VP Commodities at Mehta Equities Ltd. Crude oil prices continued their downward trajectory, hitting a five-month low, with support at $57.30-56.70 and resistance at $59.00-59.70.
Foreign Institutional Investors were net buyers of equities worth ₹68 crore on October 15, while Domestic Institutional Investors purchased equities worth ₹4,650 crore on the same day.
Published on October 16, 2025
