Market Movers: Nifty 50’s Robust Rise Signals Confidence Amid Profit Booking

Image Source: The Hans India

India's Nifty 50 index provisionally closed 0.45% higher on October 9, 2025, reflecting positive market momentum driven by gains in IT, metal, and pharma sectors. The Sensex also rose, supported by broad-based advances despite profit booking in select heavyweight stocks. Broader markets showed strength with midcap and smallcap indices moving up.

The Nifty 50 index provisionally ended the trading session on October 9, 2025, with a 0.45% gain, marking a positive shift after recent consolidation phases. The broader Indian markets exhibited robust performance as key sectors like IT, metals, and pharmaceuticals contributed to the uptick, signaling renewed investor confidence.

Key highlights include:

The Nifty 50 index closed around 25,174, up approximately 127 points, recovering ground from earlier fluctuations and maintaining a firm hold above the 25,000 psychological level. Sensex too mirrored this trend, rising 0.44% to touch levels above 82,100.

Sectoral action was notably led by the Nifty Metal index, which climbed about 1.8%, followed by a 1.03% increase in the Nifty Pharma index and a 0.8% rise in the Nifty IT index. These sectors drove much of the market's momentum.

Among individual stocks, heavyweights like HCLTech and Tata Steel gained nearly 3%, with others including Kotak Mahindra, Sun Pharma, L&T, and UltraTech Cement improving by up to 1.5%. In contrast, Tata Motors, Axis Bank, Maruti Suzuki, Titan, and HDFC Bank saw some profit booking, slipping by around 1%.

Midcap and smallcap indices also showed healthy gains, with the Nifty Midcap 100 index up by about 0.76% and the Nifty Smallcap 100 rising 0.42%, indicating broad market participation beyond the large caps.

The market backdrop remained cautiously optimistic, balancing global uncertainties with strong domestic cues, supported by fresh buying from both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) in recent sessions.

Overall, the markets are consolidating their gains with strong sectoral performances suggesting selective buying interest. Investors are keeping a close watch on key support and resistance levels while sentiment remains positive for further near-term appreciation.

Sources: Moneycontrol, Business Standard, NSE India, Economic Times, The Hindu Business Line

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