Markets Stay Green As Nifty Crosses 25,000
The Indian stock market kicked off the week on a positive note, with benchmark indices rallying for the third straight session on Monday.
The Nifty 50 closed 0.74% higher at 25,077.65, while the Sensex climbed 0.72% to end at 81,790.12, continuing the bullish momentum driven by strong domestic institutional buying.
Despite the gains, foreign portfolio investors (FPIs) remained net sellers for the 10th consecutive session, offloading shares worth ₹313.77 crore, according to NSE data. On the flip side, domestic institutional investors (DIIs) were strong buyers for the 29th session, pumping in nearly ₹5,036 crore into equities.
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What’s Driving the Rally?
Analysts say optimism around the upcoming Q2 earnings season and steady global cues are fueling market confidence.
“Domestic investors are clearly taking charge as FPIs continue their profit booking. The resilience of Indian equities remains intact,” said a senior stock market expert.
Sectors like banking, infrastructure, and technology led Monday’s rally, while select auto counters came under pressure.
Stock-Specific Buzz
Here’s a look at some of the key companies that made headlines on October 7:
Bank of India (Q2 Update)
- Domestic deposits rose 8.5% YoY to ₹7.3 lakh crore.
- Global gross advances grew 13.9% YoY to ₹7.1 lakh crore.
- Total global business reached ₹15.6 lakh crore, up 11.8% from last year.
Metropolis Healthcare
- Reported 23% growth in consolidated revenue.
- Core diagnostics margin remained strong.
- The company is now debt-free with a net cash surplus of ₹55 crore.
Tata Motors
- Domestic sales of Curvv dropped 35.8% to 5,274 units.
- Production volume also declined nearly 40%, signaling a slowdown in new product traction.
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Major Announcements & Deals
- Wipro will report its Q2 earnings on October 16.
- Kotak Mahindra Bank to announce results on October 25.
- HCL Technologies joined the MIT Media Lab to collaborate on AI research, a move expected to boost innovation.
- Brigade Enterprises signed a ₹1,000 crore residential development deal in Chennai.
- LTIMindtree inked a multi-year tech deal with a global entertainment company.
- Zydus Lifesciences got approval from Health Canada for thyroid treatment drug Liothyronine.
- Coal India partnered with Chhattisgarh Mineral Development Corporation to explore critical minerals.
Midcap & Smallcap Movers
Among midcaps, Nibe gained traction after bagging ₹20.57 crore worth of orders from an infrastructure and defence major.
Fabtech Technologies also surged after securing a ₹68 crore cleanroom system contract.
Meanwhile, Prestige Estates came under pressure after receiving a ₹307 crore GST notice from Mumbai tax authorities.
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Expert View: What to Expect Ahead
Market experts believe the upcoming Q2 earnings season will dictate near-term market sentiment.
“Valuations remain elevated, but strong corporate earnings could justify the premium. Nifty’s next resistance lies near 25,250,” said a senior analyst at Axpert Media’s Stock Market Desk.
Investors are advised to stay selective, especially in banking, infra, and tech sectors, while maintaining a cautious outlook amid continued FPI selling.
The Bottom Line
Indian markets are holding strong even as global uncertainty looms large. With Nifty now comfortably above 25,000 and Sensex nearing 82,000, all eyes are on corporate earnings and FPI flows to determine whether this rally has more steam left.
