Stock Market Today: Sensex Jumps 368 Points, HCL Tech Gains 2.8%, Wipro Rises 2.4%, TCS Up 2%

Overview

• Nifty trades at 24,989 and Sensex at 81,469, both showing strong gains.

• IT stocks surged, led by HCL Tech, Wipro, Tech Mahindra, and TCS.

• Gold prices hit record highs above Rs. 300,600 (≈$3,600) amid global rate-cut expectations.

Indian stock market today delivered a strong performance, with both major benchmark indices posting solid gains amid renewed investor optimism. Nifty 50 jumped 120.50 points to 24,989.10 with a 0.48% increase, crossing the 25,000 mark for the first time since August 25. Meanwhile, Sensex climbed 368.49 points to settle at 81,469.81, up 0.45% and trading above the 81,500 level. Let’s examine the current stock market performance in detail based on Moneycontrol Live Updates to understand what to expect in the coming days.

Tech Stocks Drive the Market Higher

Technology stocks were the clear winners today, with Nifty IT index surging 942.10 points to 36,198.00, a 2.67% gain. Leading the charge were major IT companies that dominated the top gainers list on Nifty 50. The rally in IT stocks comes after positive developments in US-India trade relations, with Donald Trump's recent Truth Social post rekindling hopes for improved bilateral ties.

HCL Tech led the pack with a 2.80% jump to Rs.. 1,467.10, followed by Wipro stock, which gained 2.43% to reach Rs. 255.20. Tech Mahindra and TCS shares also registered strong gains of 2.04% and 2.00% respectively to Rs. 1,528.80 and Rs. 3,110.50. Bharat Electronics also joined the rally with a 2.23% increase to Rs. 380.25.

Banking and Other Sectors Show Mixed Performance

The banking sector also contributed to today's gains, with Nifty Bank index up 355.80 points at 54,571.90, representing a 0.66% increase. Among the most active stocks, Kotak Mahindra Bank traded at Rs. 1,976.50 with a trading volume of Rs. 944.70 crores. Meanwhile, HDFC Bank traded at Rs. 965.70 with Rs. 808.98 crores in trading volume.

Oracle Financial Services was another standout performer, jumping 8.67% to Rs. 9,142.00 with trading volume of Rs. 669.25 crores. The surge came after its parent company announced a $0.5 trillion (≈ Rs. 41.75 trillion) cloud business outlook as reported by Bloomberg.

Gold Prices Hit New Highs

In the commodities market, gold prices continued their upward movement, with spot gold rising 0.3% to Rs. 3,03,440 per 10 grams (Approximately $3,635.329 per ounce). The precious metal hit a record high of Rs. 3,06,775 (≈ $3,673.95) on September 10, 2025, driven by expectations of a US interest rate cut this month. US gold futures for December delivery eased slightly by 0.2% to Rs. 3,06,754 (≈ $3,673.70), with investors keeping a close watch on upcoming inflation reports.

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Market Breadth and FII Activity

The broader market also participated in the rally, with BSE Smallcap index gaining 462.66 points to 53,488.24, up 0.87%. Market breadth was positive with 1,984 stocks advancing compared to 683 declining on the NSE.

Foreign Institutional Investors (FIIs) turned positive after recent selling pressure, with net inflows of Rs. 2,050.46 crores on September 9. At the same time, Domestic Institutional Investors (DIIs) contributed Rs. 683.08 crores on the same day.

Key Stock Movements

Tata Elxsi share price saw its biggest single-day gain in four months, jumping 4.29% to Rs. 5,795.10 with heavy trading volumes of 30,416 shares. Trident also posted its strongest performance in 16 weeks, rising 4.62% to Rs. 29.42.

According to Upstox, Optivalue Tek Consulting made a strong market debut on the NSE Emerge platform, listing at Rs. 103.60. This is a 23% premium to its IPO price of Rs 84, exceeding grey market expectations of 15.5% premium.

Among the losers on Nifty 50, Hero MotoCorp declined 1.17% to Rs. 5,360, Mahindra & Mahindra fell 0.96% to Rs. 3,661, and Maruti Suzuki dropped 0.73% to Rs. 15,253.

Major Corporate Announcements

HEG made a strategic move as its associate firm Bhilwara Energy acquired Statkraft's 49% stake in Malana Power Company, according to CNBC TV 18. Thus, making it the sole owner of the hydropower assets. The acquisition includes stakes in the Malana Hydropower Plant (86 MW) and Allain Duhangan Hydropower Plant (192 MW) in Himachal Pradesh. 

Jindal Stainless announced its supply of premium 301N austenitic stainless steel for Bangalore Metro's Phase 2 project, as reported by Moneycontrol. The project will cover 53 trainsets for the rapidly expanding metro network.

Sun Pharmaceutical Industries faced regulatory challenges as the USFDA classified its Halol facility as Official Action Indicated (OAI) as per The Economic Times report. Thus, it is under an import alert due to non-compliance with manufacturing practices.

GST Benefits Passed to Consumers

Both Bajaj Auto and Hero MotoCorp announced they would pass on the full benefit of recent GST reductions to customers. Bajaj Auto announced price cuts of up to Rs 20,000 on two-wheelers and Rs 24,000 on three-wheelers, effective September 22, while Hero MotoCorp made a similar announcement for the same date.

India’s Rare-Earth Deal

Reuters reported that India is exploring a rare-earth deal with Myanmar rebels following Chinese restrictions. New Delhi is planning to test samples in domestic labs to check for sufficient levels of heavy rare earths used in electric vehicles and advanced equipment.

Also Read:  Stock Market Today: Nifty at 24,844 and Sensex at 81,019 as Infosys Climbs to Rs. 1,496.90

Market Outlook

The rally in Indian stock market today reflects growing investor confidence, especially in the technology sector. It witnessed positive corporate developments, improving US-India trade relations, and favorable global conditions, including potential US rate cuts. The market sentiment appears quite optimistic for the near term, setting a positive tone for upcoming trading sessions. 

FAQs

1. Why did Nifty and Sensex rally today?

The rally was fueled by strong performances in IT stocks, positive cues from global markets, and renewed investor optimism. Favorable US-India trade relations and corporate earnings further boosted confidence, pushing benchmark indices higher.

2. Which sector contributed most to the market’s gains?

The technology sector was the strongest performer. HCL Tech, Wipro, Tech Mahindra, and TCS all posted over 2% gains, driving the Nifty IT index up significantly. IT stocks benefited from global demand outlook improvements.

3. How did global factors influence the Indian stock market today

Global developments such as expectations of a US interest rate cut and Donald Trump’s comments on US-India trade improved investor sentiment. Rising gold prices and strong corporate outlooks also aligned with global optimism.

4. What role did FIIs and DIIs play in today’s rally?

Foreign Institutional Investors (FIIs) turned net buyers with inflows of Rs. 2,050 crores, while Domestic Institutional Investors (DIIs) added Rs. 683 crores. This strong institutional participation reflected confidence in India’s growth story.

5. Should investors expect the stock market rally to continue?

While short-term corrections are possible, strong fundamentals, favorable global signals, and corporate growth suggest the market could remain bullish. Investors should, however, balance optimism with sector-specific risks.