Nifty, Sensex Rise 0.5% as Metal and IT Stocks Lead Gains Ahead of TCS Q2 Results

Market Update at 4:15 PM: On Thursday, October 9, 2025, Indian equity benchmark indices ended higher, with gains of nearly 0.5 per cent. The Nifty opened on a positive note, following strong cues from Asian markets, and gradually climbed to close near the day’s high.

At the close, the Nifty 50 rose 135.65 points, or 0.54 per cent, to settle at 25,181.80, while the Sensex gained 398.45 points, or 0.49 per cent, ending at 82,172.10. The rally was led by metal stocks, supported by a surge in global base metal prices amid supply concerns, and IT stocks ahead of the quarterly earnings report of Tata Consultancy Services (TCS).

The Nifty IT index jumped 1.12 per cent, with TCS gaining 1.14 per cent in anticipation of its Q2FY26 results, declared post-market. Over the last five sessions, the IT index has advanced 5.08 per cent. Meanwhile, the Nifty Financial Services index inched up 0.25 per cent, recovering from the previous day’s losses.

Among sectoral indices, the Nifty Metal index was the top gainer, climbing 2.17 per cent. The rise was supported by global supply disruptions, including issues at Freeport’s Grasberg mine in Indonesia, which boosted base metal prices. Fourteen out of 15 constituents of the metal index ended in positive territory, helping it hit an all-time high and record the biggest Intraday gains in the last month. 

Overall, all sectoral indices closed in the green, with broader markets outperforming. The Nifty Midcap 100 ended up 0.97 per cent, while the Nifty Smallcap 100 closed up 0.61 per cent.

Key drivers of the Nifty 50 gains were Reliance Industries (+13.43 points), Infosys Ltd (+11.54 points), and Larsen & Toubro Ltd (+8.78 points). On the other hand, HDFC Bank Ltd (-12.32 points), Axis Bank Ltd (-7.80 points), and Titan Company Ltd (-1.94 points) weighed on the index.

Market breadth was positive, with 1,600 stocks advancing, 1,495 declining, and 96 remaining unchanged out of 3,191 stocks traded on the NSE. A total of 86 stocks touched their 52-week highs, while 90 stocks hit their 52-week lows. Additionally, 105 stocks were locked in Upper Circuits, and 65 stocks were in Lower Circuits.

Market Update at 12:30 PM: Indian stock markets were volatile in trade on Thursday, struggling to hold at higher levels despite a positive trend in global markets. 

At 12 noon, the Sensex was trading at 82,007.73, up 234.07 points or 0.29 per cent, while the Nifty50 was at 25,138.55, higher by 92.40 points or 0.37 per cent. Tata Steel was the top performer among Sensex constituents, gaining around 3 per cent. Other major gainers included HCL Tech, Eicher Motors, L&T, and Sun Pharma, which were up between 1 and 1.85 per cent.

On the other hand, Tata Motors, Axis Bank, Maruti Suzuki India, HDFC Bank, and Power Grid were among the top laggards, declining up to 1.2 per cent.

In the broader markets, the Nifty Midcap 100 and Nifty Smallcap 100 indices rose 0.56 per cent and 0.10 per cent, respectively. Sector-wise, the Nifty Metal index gained 1.5 per cent, the Nifty Pharma index advanced 1.2 per cent, and the Nifty Realty index was up 0.6 per cent. Meanwhile, the Nifty Bank, Auto, and FMCG indices traded slightly in the red.

Market Update at 10:30 AM: Indian benchmark indices opened higher on Thursday as hopes of renewed foreign investment supported market sentiment. Investors were also encouraged by gains in information technology stocks ahead of Quarterly Results.

The Nifty 50 was up 0.11 per cent at 25,074.3, while the BSE Sensex added 0.15 per cent to 81,900, as of 9:15 a.m. IST.

Foreign portfolio investors (FPIs) ended their 10-day selling streak earlier this week, turning net buyers on Wednesday and continuing the trend on Thursday. This inflow of foreign capital provided additional support to the market.

Most of the major sectors advanced, led by IT stocks, which gained 0.2 per cent. India's largest IT company, Tata Consultancy Services (TCS), rose 0.2 per cent ahead of its quarterly earnings announcement.

The positive start reflects cautious optimism among investors, balancing foreign inflows with anticipation of corporate results, especially from the IT sector.

Pre-Market Update at 7:30 AM: Equity benchmark indices Sensex and Nifty 50 are expected to open higher on Thursday, October 9, tracking gains in global markets as geopolitical tensions in the Middle East eased following a ceasefire agreement between Israel and Hamas. At 7:12 AM, the GIFT Nifty was trading at 25,151, up 58 points, indicating a positive start for domestic equities.

IT stocks are likely to remain in focus as investors await the Q2 FY2026 earnings report of Tata Consultancy Services (TCS), which will be announced later today. In early trade, Asian markets were trading higher, while U.S. indices closed mostly in the green overnight, with the S&P 500 and Nasdaq hitting record closing highs.

On Wednesday, October 8, Foreign Institutional Investors (FIIs) were net buyers of Indian equities worth Rs 81.28 crore, marking their second consecutive day of buying. Domestic Institutional Investors (DIIs) were also net buyers, purchasing equities worth Rs 329.96 crore, extending their buying streak to 31 consecutive sessions.

On October 8, Indian markets ended lower, snapping a four-day winning streak. The Nifty 50 declined 62.15 points, or 0.25 per cent, to close at 25,046.15, while the Sensex slipped 153.09 points, or 0.19 per cent, to 81,773.66. Reliance Industries and HDFC Bank were among the major drags. Sectorally, financials and banking stocks saw profit booking, with Nifty Financial Services down 0.39 per cent and Nifty Bank down 0.42 per cent after six straight sessions of gains. The Nifty IT index was the only sectoral gainer, rising 1.51 per cent ahead of TCS’s results, with TCS shares gaining 1.8 per cent. Broader markets underperformed, as Nifty Midcap and Nifty Smallcap indices fell over 0.50 per cent each.

U.S. markets ended higher on Wednesday, supported by strength in technology stocks. The Nasdaq led the gains, driven by artificial intelligence-linked stocks. The Dow Jones Industrial Average was nearly flat, down 1.20 points at 46,601.78, while the S&P 500 rose 39.13 points, or 0.58 per cent, to 6,753.72. The Nasdaq Composite advanced 255.02 points, or 1.12 per cent, to 23,043.38, marking new record highs for both the S&P 500 and Nasdaq. The latest FOMC minutes reflected a divided view among Fed officials, with discussions focused on inflation control and signs of a softening labor market.

The U.S. dollar traded near six-week highs, with the dollar index steady at 98.77. Gold prices witnessed mild profit booking in Asian trade after hitting new records. On Wednesday, front-month gold futures rose 1.7 per cent to close at USD 4,043.40 per ounce — a fresh all-time high. On October 8, gold futures on MCX surged by Rs 2,098, or 1.73 per cent, to settle at Rs 1,23,209 per 10 grams.

Crude oil prices fell on Thursday as the ceasefire between Israel and Hamas reduced geopolitical risk premiums. WTI crude futures dropped to around USD 62 per barrel, while Brent crude slipped below USD 66 per barrel.

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Disclaimer: The article is for informational purposes only and not investment advice.