Sensex traded 622.79 points higher at 84,834.67, while Nifty rose 181.10 points to 25,976.25.
Bank of India, Indian Bank, and Bharti Airtel were among the gainers on Nifty 50.
eClerx, Coforge, and SBI Cards gave their results; Lenskart pegged its IPO price band at Rs. 382–Rs. 402.
Indian stock market today showed bullish trends, with the benchmark indices recording good gains on all fronts. Sensex rose 622.79 points to 84,834.67, a 0.74% rise, while Nifty 50 rose 181.10 points to 25,976.25, up 0.70%. The performance indicated renewed confidence among investors as the leading sectors gained momentum. Here’s what happened in the stock market today based on Moneycontrol Live Updates.
Stock market today witnessed huge activity in the banking sector, with the Nifty Bank index going up 432.45 points to 58,132.05, up 0.75%. Nifty PSU Bank index also fared better, going up 1% during the day. The top banking stocks set the tone, with Bank of India, Indian Bank, and Canara Bank being among the top gainers in their category.
The technology group also added to the upswing in the market, with the Nifty IT index gaining 228.95 points to settle at 36,215.30, a gain of 0.64%. However, small-cap stocks had rather limited increases, with BSE Smallcap index rising only 0.36%.
Share market news spotlighted some stunning individual stock performances. SBI Life Insurance topped the Nifty 50 gainers with a 3.14% increase to Rs. 1,897.60, followed by Bharti Airtel, which rose 2.99% to Rs. 2,090. Reliance Industries also showed good gains, rising 2.10% to Rs. 1,482.10, and Shriram Finance and State Bank of India completed the top five gainers.
On the losing front, Kotak Mahindra Bank declined 0.97% to Rs. 2,165.80, becoming the largest loser among Nifty 50 stocks. Adani Ports, Bharat Electronics, Bajaj Finance, and Infosys also traded in the red, although losses were contained.
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The stock market today saw a number of companies declaring their quarterly results. eClerx Services posted stellar numbers, with consolidated profit rising 30.6% to Rs. 183.2 crore, and revenue increasing 20.8% to Rs. 1,004.9 crore year-on-year. The board of the company also approved a buyback of 6.66 lakh shares worth up to Rs. 300 crore at Rs. 4,500 per share.
SBI Cards and Payment Services registered a 10% rise in profit to Rs. 444.8 crore, while revenue increased by 12.2% at Rs. 4,961 crore. Still, the stock fell 2.91% despite the good results. Coforge was among the top active stocks in the F&O segment, surging 4.34% to Rs. 1,836.40 on a trading value of Rs. 917.43 crore. The firm declared a second interim dividend of Rs. 4 per equity share for the current financial year.
Dr Reddy's Laboratories posted a 14.5% rise in profit to Rs. 1,437.2 crore, although its North America business declined 13.1%. The stock dipped 1% as the performance fell short of analyst expectations.
BSE Metal index continued its four-day winning streak, climbing 1% in the session. Premier Energies witnessed its share price increasing the most in 18 weeks as it jumped 3.46% to Rs. 1,106.20. Welspun Corp also climbed strongly, up 3.70% to Rs. 866 with volumes blasting 768.94% above its five-day average.
Market breadth was positive with 1,520 stocks rising versus 1,214 falling stocks on the NSE. Foreign Institutional Investors remained bullish, noting net buying of Rs. 621.51 crore on October 24, while Domestic Institutional Investors added Rs. 173.13 crore.
Indian rupee opened unchanged at 87.86 to a dollar on Monday, reflecting little change from October 24th’s close of 87.85. The price of gold declined on the international market, declining 0.7% to $4,082.77 per ounce as the stronger dollar and news of abating US-China trade tensions pressured the safe-haven metal.
In primary market news, Lenskart set its IPO price band at Rs. 382-402 per share, with large shareholders such as SoftBank, Temasek, and Kedaara Capital to gain from the listing. Haryana's helmet manufacturer, Studds Accessories, submitted draft papers for an IPO that will open on October 30 through a pure offer-for-sale of 77.86 lakh shares.
Thyrocare Technologies saw high promoter action, with Docon Technologies selling 10.06% holding at Rs. 1,252.03 per share, which is worth Rs. 667.7 crore. There were a number of mutual funds, including ICICI Prudential and HDFC Mutual Fund, which purchased shares in the deal.
Also Read: Kotak Mahindra Bank Q2 FY26 Profit Dips 2.7%, NII and Loans Grow
Stock market today was resilient with widespread buying in most sectors. The upbeat trends in banking, telecom, and metal stocks point towards renewed investor optimism. With a host of big-ticket companies due to release their earnings and ongoing FII purchases, market participants are cautiously upbeat about the near-term outlook, though global trends and currency fluctuations will continue to be the watchwords.
1. What was the reason behind the rise in the Indian stock market today?
Strong buying in banking, telecom, and metals stocks boosted the market. Sentiment was lifted by positive FII inflows and strong corporate earnings, which contributed to the broader market rally.
2. Which sectors are performing best in today’s market?
The banking and telecom sectors were the emphasis of the rally. The Nifty Bank index increased 0.75% while the PSU Bank index was up 1%, supported by the Bank of India, Indian Bank, and Canara Bank.
3. What were the top-performing stocks today?
SBI Life Insurance led the Nifty 50 with a 3.14% increase, while Bharti Airtel, Reliance Industries, Shriram Finance, and State Bank of India had respectable upward movement in the session.
4. What corporate earnings were noteworthy in the market today?
eClerx saw a 30.6% jump in profit and announced a buyback of ₹300 crore. Coforge was up 4.34% calling for the interim dividend. SBI Cards reported a 10% increase in profit.
5. What are the near-term expectations for the Indian stock market?
Analysts expect cautious optimism with the market looking for more corporate results and global cues. FII buying has remained strong, and domestic demand is expected to stay elevated in the near term, keeping designs near record highs and possibly flirting with record highs.