Indian equity markets extended their winning streak for the second consecutive session on Friday, October 10, 2025, with benchmark indices closing firmly in the green. The BSE Sensex climbed 328.72 points, or 0.40%, to settle at 82,500.82, while the NSE Nifty gained 103.55 points, or 0.41%, ending the day at 25,285.35, comfortably above the psychological 25,250 mark.
The rally was broad-based, with strong buying interest across banking, auto, consumer durables, and realty sectors. Notably, SBI and Maruti Suzuki emerged as top gainers, each rising by 2%, driven by robust institutional buying and optimistic outlooks for Q2FY26 earnings.
Sectoral Highlights: Banks and Autos Shine
- Nifty Bank surged 418 points, or 0.74%, to close at 56,610, outperforming the broader market.
- Auto stocks continued their upward momentum, supported by festive season demand and improving rural sentiment.
- Consumer durables, PSU banks, pharma, and realty indices posted gains between 0.5% to 1%.
- The metal index, however, shed 0.8%, making it the only major sector to close in the red.
Midcap and smallcap indices also participated in the rally:
- BSE Midcap rose 0.4%
- BSE Smallcap gained 0.6%, reflecting strong retail participation
Stock-Specific Action
Apart from SBI and Maruti, other notable gainers included Cipla, Dr. Reddy’s Labs, and Adani Ports, all contributing to the Nifty’s strength. On the flip side, Tata Steel, TCS, JSW Steel, Tech Mahindra, and HDFC Life were among the laggards, weighed down by profit booking and sectoral rotation.
Market Sentiment and Outlook
The upbeat mood in the market was fueled by:
- Renewed foreign investor interest
- Optimism around India–US trade negotiations
- Anticipation of strong Q2FY26 earnings, especially in IT and banking sectors
Technical analysts noted that the Nifty has broken out of its recent consolidation range, suggesting potential for further upside in the near term.
What Traders Should Watch Next
As earnings season unfolds, traders should monitor:
- Quarterly results from major IT and banking firms
- Global cues including US inflation data and Fed commentary
- Domestic macro indicators like CPI and IIP
With volatility expected to rise, precision and timing will be key.
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Conclusion
Friday’s rally reinforces the resilience of Indian equities and the growing confidence among investors. With benchmark indices reclaiming key levels and sectoral breadth improving, the stage is set for an exciting earnings season. For traders and investors, staying informed and guided by expert research—like that from Eqwires—can make all the difference in navigating the next wave of opportunities.
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