Nifty 50 Ends On A High Note With 0.96% Surge

Markets rally on festive optimism and global cues

Indian equity benchmarks closed higher on Thursday, with the Nifty 50 index provisionally ending up 0.96% at 25,620. The rally was led by gains in financial, auto, and consumer durable stocks, supported by upbeat global markets and expectations of a rate cut by the U.S. Federal Reserve later this month.

The BSE Sensex also surged over 950 points, marking a strong rebound from earlier sessions. Analysts attributed the momentum to festive season optimism, robust Q2 earnings, and easing geopolitical concerns.

Sectoral performance and stock movers

All major sectoral indices ended in the green, with realty, power, and PSU banks showing notable strength. Bajaj Finance, Bajaj Finserv, Nestle India, and Asian Paints were among the top gainers, while Infosys, Tata Motors, and Tech Mahindra saw mild profit booking.

Key highlights from the trading session

- Nifty 50 provisionally closed 0.96% higher at 25,620  
- Sensex jumped over 950 points, ending above 83,580  
- Financials, auto, and consumer stocks led the rally  
- Realty index rose 3%, PSU banks and power gained 1–2%  
- Bajaj Finance, Nestle India, and Asian Paints were top performers  
- Infosys and Tata Motors saw marginal declines amid profit booking

Broader market and investor sentiment

Midcap and smallcap indices also posted gains, with the BSE midcap index up 1% and smallcap index rising 0.7%. The overall market breadth remained positive, reflecting strong retail and institutional participation. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) were net buyers, adding to the bullish tone.

With festive demand picking up and Q2 earnings largely beating expectations, market sentiment remains optimistic heading into the second half of October.

Sources: ET Now, Moneycontrol, The Shillong Times