Sensex, Nifty End Higher for Second Day on Pharma, Banking Gains

October 10, 2025

Mumbai: Indian equity benchmark indices extended their gains for the second straight session on Friday, lifted by strong buying in pharma, banking, auto and energy stocks.

The Sensex, after opening nearly 100 points lower at 82,075 on weak IT cues, rebounded sharply to touch an intra-day high of 82,654. It finally settled 329 points, or 0.4 per cent higher, at 82,501.

The Nifty also mirrored the rally, hitting a high of 25,331 before closing 104 points, or 0.4 per cent higher, at 25,285.

Market experts noted that the Nifty broke out of its recent consolidation range, signalling further strength.
“The setup looks favourable for a further rise in the short term. Any dip would provide a good opportunity to enter long trades,” analysts said, adding that upside targets could be 25,500–25,550, with immediate support at 25,150.

Top Gainers and Losers

On the Sensex, SBI surged over 2 per cent, while Maruti Suzuki, Axis Bank, Adani Ports, and Power Grid rose more than 1 per cent each.
On the flip side, Tata Steel fell 1.5 per cent, while TCS declined nearly 1 per cent, a day after announcing its Q2 results.

In the broader markets, the BSE Midcap index gained 0.4 per cent and the Smallcap index advanced 0.6 per cent. Sectorally, BSE Healthcare and Bankex rose up to 1 per cent, while auto and capital goods indices added 0.5 per cent.

Textile Stocks Jump on Trade Buzz

Textile companies witnessed a sharp rally, with shares soaring as much as 17 per cent following reports that India and the UK may double bilateral trade by 2030.

Optimism from Global and Domestic Cues

Analysts said investor sentiment was supported by easing geopolitical tensions in the Middle East and renewed optimism over a potential India–US trade deal before the November deadline.

On the domestic front, upbeat macro indicators, RBI’s measures to boost credit flow, and robust consumption trends driven by GST reforms during the festive season also bolstered market confidence.