Taking Stock: Market extends gains; Sensex up 385 pts, Nifty above 19,700

Market Today

The market ended higher for the fifth straight session on September 7, shrugging off weak global cues and helped by gains in capital goods, bank, and realty, as the Nifty reclaimed the important 19,700 mark.

At close, the Sensex was up 385.04 points, or 0.58 percent, at 66,265.56, and the Nifty 116 points, or 0.59 percent, at 19,727.

The market started flat on weak global cues but the afternoon rally in capital goods, bank, power and realty stocks helped it to close near the day's high.

Top gainers included Coal India, L&T, IndusInd Bank, SBI Life Insurance and Tech Mahindra, while losers were Tata Consumer Products, M&M, Britannia Industries, Sun Pharma and Infosys.

Except FMCG and pharma, all indices traded in the green. Bank, capital goods, PSU Bank, power and realty up 1-2 percent.

The BSE midcap index gained 0.8 percent and the smallcap rose 0.4 percent.

A long build-up was seen in Coal India, Power Finance Corporation and United Breweries, while a short build-up was seen in Tata Consumer Products, The Ramco Cements and JK Cement.

Among individual stocks, a volume spike of more than 300 percent was seen in L&T, Granules India and ICICI Prudential Life Insurance Company.

Index	Prices	Change	Change%
Sensex	83,162.46	557.03	+0.67%
Nifty 50	25,498.15	174.60	+0.69%
Nifty Bank	57,237.25	437.35	+0.77%

Nifty 50 25,498.15 174.60 (0.69%)

Thu, Oct 16, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Titan Company	3,638.00	89.00	+2.51%

Biggest Loser	Prices	Change	Change%
HDFC Life	748.30	-12.85	-1.69%

Best Sector	Prices	Change	Change%
Nifty Auto	27067.00	358.30	+1.34%

Worst Sector	Prices	Change	Change%
Nifty PSU Bank	7714.00	-9.10	-0.12%

Nearly 300 stocks touched their 52-week high on the BSE. These included Gail India, Jyoti, Bombay Dyeing, Camlin Fine Sciences, Mazagon Dock Shipbuilders, Larsen & Toubro, D B Realty, Cochin Shipyard, TVS Motor Company, Federal Bank, Sonata Software, Oberoi Realty.

Outlook for September 8

Shrikant Chouhan, Head of Research (Retail), Kotak Securities

After a volatile start, the market rebounded sharply to maintain its upward bias for the fifth consecutive session, even as foreign inflows continued to be patchy amid falling rupee and global economic uncertainty. The rally came despite weakness across the Asian and US markets, as investors remain upbeat about India's long-term growth prospects.

Technically, the Nifty cleared the short-term resistance of 19,650 and after the breakout, the positive momentum intensified. Higher bottom formation on intraday charts and bullish candle on daily charts support further uptrend.

We are of the view that, 19650 would be the key level to watch out for, and above it, the index can move to 19,800-19,825. The uptrend, however, would be vulnerable below 19,650.

Ajit Mishra, SVP - Technical Research, Religare Broking

The Nifty has finally crossed the hurdle at 19,650 and the alignment of the banking pack has further strengthened the tone. We expect the index to inch towards the new milestone of “20,000”. Traders should align their positions accordingly and maintain a balanced approach as broader indices look stretched.

Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas

The daily and the hourly Bollinger bands have begun to expand and prices are trading along the upper band, indicating that the momentum is likely to continue. Daily and hourly momentum indicators have a positive crossover, which is a buy signal. Thus, both price and momentum indicators suggest that there is further upside over the next few trading sessions.

On the upside, we expect 19,900 which is around the recent swing high. In terms of levels, 19,600–19,630 shall act as a crucial support, while 19,820 – 19,850 shall act as an immediate hurdle zone.

The Bank Nifty has broken out of a three-day consolidation on the upside, which indicates that it has started the next leg of up-move. Daily and hourly momentum indicators are in sync with the price action, which should provide momentum to the present up-move.

On the upside, 45,000 is the psychological hurdle and above it, 45,200 shall be the next possible hurdle. Overall, the trend is positive, and any intraday dips should be bought into.

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