The key equity indices ended with strong gains today, marking their second consecutive session of advances. The rally was driven by stock-specific momentum amid the ongoing Q2 earnings season and renewed foreign fund inflows.
The Nifty closed above the 24,550 mark, led by gains in FMCG, realty, and consumer durables stocks. The Q2 FY26 earnings season boosted sentiment in banking and FMCG counters, while optimism over a possible India-US trade deal further lifted market mood.
Easing crude oil prices and expectations of monetary easing by the RBI also supported buying interest. Market breadth remained positive, indicating renewed investor appetite across large-cap, mid-cap, and small-cap segments.
The S&P BSE Sensex surged 862.23 points or 1.04% to 83,467.66. The Nifty 50 soared 261.75 points or 1.03% to 25,585.30. In two sessions, the Sensex and Nifty have jumped 1.75% each.
Reliance Industries (up 1.69%), HDFC Bank (up 1.54%) and ICICI Bank (up 1.34%) boosted the indices today.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index gained 0.29% and the S&P BSE Small-Cap index rose 0.47%.
The market breadth was positive. On the BSE, 2,378 shares rose and 1,809 shares fell. A total of 151 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 3.18% to 10.87.
Numbers to Track:
The yield on India's 10-year benchmark federal paper added 0.17% to 6.495 from the previous close of 6.484.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 87.85 compared with its close of 88.0800 during the previous trading session.
MCX Gold futures for 5 December 2025 settlement rose 0.78% to Rs 122,200.
The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.07% to 98.60.
The United States 10-year bond yield declined 0.54% to 4.024.
In the commodities market, Brent crude for December 2025 settlement added 23 cents or 0.37% to $62.14 a barrel.
Global Markets:
The US Dow Jones index futures is currently up by 178 points, signalling a positive opening for US stocks today.
Most European indices declined Thursday as the British economy expanded by a lackluster 0.1% in August, according to the latest figures from the Office for National Statistics.
The UK economy grew by 0.3% in the second quarter, down from 0.7% seen in the first quarter.
The Swiss government slashed its 2026 growth forecast to 0.9% as U.S. President Donald Trump’s tariffs weighed on Switzerland’s export-heavy economy.
Most Asian shares ended higher, led by South Korea’s Kospi index, which touched a record high during the session.
The International Monetary Fund (IMF) raised its 2025 growth forecast for South Korea to 0.9% from 0.8% in its October outlook, while also upgrading its projection for global economic growth.
The IMF said the impact of U.S. tariffs remained “at the modest end of the range,” citing the private sector’s agility in front-loading imports and reorganizing supply chains, the signing of new U.S. trade deals, and the overall openness of the global trading system as key supporting factors.
In the U.S., equity futures were largely steady in early Asian hours after major banks reported better-than-expected earnings, even as the government shutdown extended into its third week and trade tensions with China persisted.
Overnight, the Dow Jones Industrial Average slipped 17.15 points, or 0.04%, to 46,253.31. The S&P 500 rose 0.4% to 6,671.06, while the Nasdaq Composite advanced 0.7% to 22,670.08.
New Listing:
Shares of Rubicon Research settled at Rs 627.45 on the BSE, representing a premium of 29.37% as compared with the issue price of Rs 485.
The stock was listed at Rs 620.10, exhibiting a premium of 27.86% to the issue price. The stock has hit a high of 639 and a low of 590. On the BSE, 21.55 lakh shares of the company were traded in the counter.
Shares of Canara Robeco Asset Management Company settled at Rs 300.25 on the BSE, representing a premium of 12.88% as compared with the issue price of Rs 266.
The stock was listed at Rs 280.25, exhibiting a premium of 5.36% to the issue price. The stock has hit a high of 318 and a low of 280.25. On the BSE, 54.91 lakh shares of the company were traded in the counter.
Stocks in Spotlight:
Nestle India added 4.50%. The company reported a 23.64% decline in standalone net profit to Rs 753.20 crore despite a 10.57% increase in revenue from operations to Rs 5643.61 crore in Q2 FY26 over Q2 FY25.
Ola Electric Mobility jumped 5% after the company announced its foray into India’s Rs 1 lakh crore Battery Energy Storage Systems (BESS) market with the launch of “Ola Shakti”, its first residential energy storage product.
Allcargo Terminals surged 8.76% after the company reported a strong rise in its Container Freight Station (CFS) volumes for September 2025. The company handled 59.7 thousand TEUs during the month, marking an 18% increase compared to September 2024 and a 5% sequential rise from August 2025.
Angel One rose 1.39%. The company’s consolidated net profit dropped 49.98% to Rs 211.73 crore on a 20.56% fall in total revenue from operations to Rs 1,204.20 crore in Q2 FY26 over Q2 FY25.
Kajaria Ceramics added 1.19% after the company’s consolidated net profit from continuing operations jumped 46.73% to Rs 134.55 crore in Q2 FY26 compared with Rs 91.70 core in Q2 FY25. Revenue from operations increased 2.08% YoY to Rs 1,186.01 crore during the quarter ended 30th September 2025.
Quick Heal Technologies added 1.49% after the company’s consolidated net profit soared 90.6% to Rs 7.91 crore on 13.65% jump in revenue from operations to Rs 83.52 crore in Q2 FY26 over Q2 FY25.
Muthoot Capital Services fell 6.79% after the company reported 80% drop in net profit to Rs 3.31 crore in Q2 FY26 from Rs 16.27 crore posted in Q2 FY25. Total revenue from operations added up to Rs 153.54 crore in September’25 quarter, up 41% YoY.
Oberoi Realty rallied 5.62% after the company’s consolidated net profit jumped 29% to Rs 760.26 crore on 34.8% increase in net sales to Rs 1,779.04 crore in Q2 September 2025 over Q2 September 2024.
Axis Bank rose 2.33%. The company reported a 26.42% decline in standalone net profit to Rs 5,089.64 crore in Q2 FY26 compared with Rs 6,917.57 crore in Q2 FY25. Total income increased 1.22% YoY to Rs 37,594.81 crore in Q2 FY26.
HDFC Life Insurance company fell 2.41%. The compnay’s consolidated net profit increased 3.01% to Rs 448.29 crore in Q2 FY26 compared with Rs 435.18 crore in Q2 FY25. Net premium income jumped 13.59% YoY to Rs 18,871.23 crore in Q2 FY26.
Indian Overseas Bank (IOB) declined 1.12%. The company reported 57.80% rise in net profit to Rs 1,226.42 crore on 8.60% increase in total income to Rs 9,214.24 crore in Q2 FY26 over Q2 FY25.
Tokyo Plast International surged 6.16% after the company's net profit stood at Rs 0.64 crore in Q2 FY26, a rise of 65% year-on-year from Rs 0.39 crore in Q2 FY25, and up nearly seven times from Rs 0.08 crore in Q1 FY26. Revenue from operations increased 14.2% YoY to Rs 21.09 crore in Q2 FY26 from Rs 18.47 crore a year earlier, and was up 15.8% sequentially from Rs 18.20 crore in Q1 FY26.
IPO Update:
Midwest received bids for 3,60,63,412 shares as against 31,17,460 shares on offer, according to stock exchange data at 16:50 IST on Wednesday (1 October 2025). The issue was subscribed 11.57 times.
The issue opened for bidding on Thursday (15 October 2025) and it will close on Friday (17 October 2025). The price band of the IPO is fixed between Rs 1,014 and Rs 1,065 per share. An investor can bid for a minimum of 14 equity shares and in multiples thereof.