Taking Stock: Nifty crosses 25,600, Sensex climbs 800 points to test four-month high

Market Today

Benchmark equity indices extended their gaining streak for a second day, as Nifty surpassed 25,600 during the session on October 16 for the first time since June 27, supported by broad-based buying that helped the test four-month highs despite a last-hour profit booking.

At close, the Sensex was up 862.23 points or 1.04 percent at 83,467.66, and the Nifty was up 261.75 points or 1.03 percent at 25,585.30. The BSE midcap index rose 0.3 percent and smallcap index added 0.4 percent.

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The biggest Nifty gainers were Nestle India, Tata Consumer, Titan Company, Kotak Mahindra Bank, Axis Bank, while losers included HDFC Life, Shriram Finance, Sun Pharma, Jio Financial and Eternal.

Except PSU Bank which ended lower by 0.4 percent, all other sectoral indices closed in the green with auto, bank, consumer durable, realty FMCG, oil & gas up 0.5-1.7 percent.

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In stock-specific action, KEI Industries' shares slipped 5 percent despite Q2 profit growth, Oberoi Realty shares rose 5 percent as Q2 profit increased nearly 30 percent, Axis Bank shares added over 2 percent after earnings, HDFC Life shares fell 2 percent, and Angel One shares gained despite a drop in profit.

BLS International shares added 16 percent on winning a three-year contract from Ministry of External Affairs, DB Corp shares gained 1.5 percenton profit growth, Ashok Leyland shares added one percent on bagging bus order from Tamil Nadu State Transport Undertaking, Nestle India shares surged 4.5 percent despite Q2 profit drop, and Eternal shares fell by over 3 percent following September quarter results.

Index	Prices	Change	Change%
Sensex	83,535.35	319.07	+0.38%
Nifty 50	25,574.35	82.05	+0.32%
Nifty Bank	57,937.55	60.75	+0.10%

Nifty 50 25,574.35 82.05 (0.32%)

Mon, Nov 10, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Infosys	1,513.50	36.70	+2.49%

Biggest Loser	Prices	Change	Change%
Trent	4,283.70	-343.60	-7.43%

Best Sector	Prices	Change	Change%
Nifty IT	35688.30	570.70	+1.63%

Worst Sector	Prices	Change	Change%
Nifty PSU Bank	8340.70	-11.45	-0.14%

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More than 160 stocks touched their 52-week high on the BSE, including Asahi India, Nestle India, Paytm, HDFC AMC, PNB, TVS Motor, Bajaj Finance, SBI, Eternal, Canara Bank, Tata Communications, M&M Financial, Polycab India, L&T Finance, Bank of Maharashtra, among others. Click to View More

Outlook for October 17

Abhinav Tiwari, Research Analyst at Bonanza

Today, the Indian stock market closed strongly positive, with the Sensex surging over 862 points (1.04%) to close around 83,467 and the Nifty 50 rising nearly 262 points (1.03%) to settle at about 25,585. This sharp rally marked the highest level for the Sensex since early July 2025. Key sectors like Auto (+1.27%), Consumer Durables (+1.53%), Bank, Financial Services, FMCG, Metal,and Realty surged, reflecting widespread market optimism. Heavyweights such as Axis Bank, NestleIndia, HDFC Bank, and Reliance Industries gained notably due to strong quarterly results and positive earnings outlooks.

Key takeaways from today’s action include the strong impact of Q2FY26 earnings season, which provided momentum to banking and FMCG stocks. The optimism for an India-US trade deal added to domestic positive sentiment amidst easing crude oil prices and hopes of monetary easing by the RBI in the near term. Market breadth suggest renewed buying interest not just in large cap stocks but also mid cap and small cap indices.

Looking ahead, the market is expected to sustain its positive momentum in the near term, supported by robust Q2 results and easing global rate concerns. Investors will continue to watch developmentson the India US trade front closely, alongside the RBI’s forthcoming monetary policy for further cues. Sectors such as Realty, Banking, Consumer Durable, and Metal are likely to remain in focus, backed by strong earnings and improved macroeconomic outlook. This rise was further aided by corporate news like order wins for infrastructure firms and acquisition moves in the media sector, adding to abroad based rally.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After showing a sustainable upmove on Wednesday, Nifty witnessed an excellent upside breakout on Thursday and closed the day higher by 261 points. After opening with an upside gap of 71 points, the market zoomed up in the early to mid-part of the session without showing any reasonable dip. However, minor consolidation was seen towards the end near 25600 levels and Nifty finally closed near the highs.

A long bull candle has been formed on the daily chart, that has surpassed the crucial overhead resistance of 25400-25500 levels (down sloping trend line as per daily/weekly chart). Previous swing high of 25669 of early July is now on edge of breakout. Larger degree bullish pattern like higher tops and bottoms is intact on the weekly chart and Nifty is now in line with the new higher top formation of the sequence.

The underlying trend of Nifty continues to be positive and the market is likely to move up further in the short term. A sustainable move above 25600-25700 levels could pull Nifty towards the next upside target of around 26000-26200 levels in the near term.

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