Benchmark indices continued to rise in afternoon trading on Thursday, with the Sensex increasing by 864.88 points (1.05 percent) to reach 83,470.31, and the Nifty gaining 256.85 points (1.01 percent) to elevate to 25,580.40 as of 2:25 PM.
The market rally intensified throughout the session, beginning with the Sensex opening at 82,794.79, up from the previous close of 82,605.43. Meanwhile, the Nifty started at 25,394.90, compared to its prior close of 25,323.55. Leading the charge were banking stocks, with the Nifty Bank index soaring by 699.80 points (1.23 percent) to 57,485.45 and the Nifty Financial Services index advancing by 343.40 points (1.27 percent) to 27,400.40.
Nestle India was the top performer on the Nifty50, surging 4.27 percent to ₹1,273.50. It was followed by Kotak Mahindra Bank, which rose by 3.01 percent to ₹2,214.30, and Titan Company, which recorded a gain of 2.79 percent to ₹3,647.90. Tata Consumer Products increased by 2.39 percent to ₹1,140.80, and Axis Bank, a standout performer in the morning session, gained an additional 2.15 percent to ₹1,194.80.
Conversely, life insurance companies experienced notable selling pressure, led by HDFC Life, which fell 2.31 percent to ₹743.60, marking it as the index’s largest decline. Eterna, a newly listed entity, decreased by 0.86 percent to ₹351.30, while SBI Life and Shriram Finance saw declines of 0.75 percent to ₹1,826.80 and 0.41 percent to ₹674.40, respectively. Infosys slipped marginally by 0.13 percent to ₹1,472.50.
The market breadth remained favorable, with 2,404 stocks advancing against 1,693 declining on the BSE, where a total of 4,263 stocks were traded. Additionally, 155 stocks reached 52-week highs, while 82 hit 52-week lows. The session included 191 stocks in upper circuit and 155 in lower circuit.
The Nifty Next 50 index rose by 390.00 points (0.56 percent) to 69,489.25, while the Nifty Midcap 100 index increased by 320.25 points (0.54 percent) to 59,283.35. Ongoing investment in banking and financial sectors reflects continued investor confidence, buoyed by positive macroeconomic indicators and optimistic expectations regarding monetary policy developments.
Published on October 16, 2025.
