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Sensex, Nifty Open Higher as Banks Lead Early Gains
The Indian stock market opened flat on Thursday but soon gained momentum, with Sensex rising 232.01 points to 82,404.11 and Nifty50 adding 70.60 points to 25,252.40 as of 9:32 am.
What’s Driving the Market?
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, highlighted the positive market environment:
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Global cues: Gaza peace accord reduces geopolitical risks.
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Domestic factors: Prospective US-India trade deal and India’s oil purchase adjustments.
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FIIs: Foreign Institutional Investors have been net buyers in the last three trading days.
Top Gainers and Losers
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Gainers: Power Grid (+1.22%), Adani Ports (+0.92%), Trent (+0.85%), SBI (+0.82%), ITC (+0.78%)
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Losers: Tata Steel (-1.59%), TCS (-1.68%), Mahindra & Mahindra (-1.62%), Bajaj Finance (-0.35%), Tech Mahindra (-0.14%)
Sector Performance
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Top sectoral gainers: Nifty Realty (+1.46%), Nifty Metal (+1.12%), Nifty Consumer Durables (+0.88%), Nifty Private Bank (+0.63%)
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Other sectors: FMCG, Oil & Gas, Auto, Pharma, Media, and Healthcare posted modest gains
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Decliners: Only Nifty IT faced slight selling pressure (-0.18%)
Market Outlook
Vijayakumar noted that:
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Short-covering could push markets higher due to elevated short positions.
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IT sector sentiment may improve after TCS posted better-than-expected revenue and margins.
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IPO market exuberance: LG Electronics IPO oversubscribed 54 times, adding liquidity that could further support market gains.
Despite relatively high valuations, these factors point toward continued positive momentum in the near term.
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Published: Oct 10, 2025
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