Stock Market Updates: Sensex Rises Over 400 Points, Nifty Above 25,300; PSU Banks Rally
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Sensex and Nifty50 opened higher on Friday amid weak global cues
Stock market Today
Sensex Today: Indian equity benchmarks traded higher on Friday afternoon, recovering from a flat start, as investor sentiment improved following signs of easing geopolitical tensions in the Middle East and optimism over a potential trade deal between the US and India.
At 2 PM, the BSE Sensex climbed 422.24 points, or 0.51%, to 82,594.34, while the Nifty 50 rose 128.55 points, or 0.51%, to 25,310.35.
Among the Sensex constituents, State Bank of India, Maruti Suzuki, Axis Bank, NTPC, and Adani Ports were the top gainers. On the other hand, Tata Steel, TCS, Tech Mahindra, Titan, Bajaj Finserv, and Tata Motors were among the major laggards.
In the broader market, the Nifty Midcap 100 index gained 0.46%, while the Nifty Smallcap 100 advanced 0.68%, outperforming the benchmarks.
On the sectoral front, Nifty Realty led the gains, rising around 1.8%, followed by PSU Bank, FMCG, Financial Services, Auto, Pharma, Healthcare, Consumer Durables, and Oil & Gas indices, which also traded in positive territory. In contrast, the Nifty Metal index was the top laggard, slipping 1%.
Global Cues
Asian equities edged lower at the open as the recent rally in U.S. stocks showed signs of fatigue, with investors wary that valuations may have become stretched after a prolonged climb.
The Japanese yen was set for its sharpest weekly drop in a year, as traders grew doubtful about the likelihood of another rate hike in 2025. Comments from Japan’s likely next prime minister also failed to calm market concerns.
Gold prices inched higher and were on track for an eighth straight weekly gain, supported by persistent geopolitical and economic uncertainties and rising expectations of interest rate cuts by the U.S. Federal Reserve.
Oil prices were steady in early Asian trade, recovering slightly after falling more than 1 per cent in the previous session. The decline came as the market’s war-risk premium eased following Israel and Hamas’ agreement on the first phase of a plan to end the Gaza conflict.
U.S. stocks ended lower on Thursday, as investors consolidated positions in the absence of major economic data or fresh market-moving triggers ahead of the third-quarter earnings season.
Aparna Deb is a Subeditor and writes for the business vertical of Business.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of Business.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
October 10, 2025, 09:17 IST
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