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EQUITY
Key gauges extend gains for 2nd consecutive session
Oct-10-2025

Indian equity benchmarks extended their gains for the second consecutive session and ended nearly half a percent higher on Friday, on strong gains in Realty, Telecom and Healthcare shares and foreign fund inflows. Foreign Institutional Investors (FIIs) bought equities worth Rs 1,308.16 crore on Thursday, according to exchange data. Optimism around upcoming quarterly earnings also added to the upbeat mood.  

Some of the important factors in trade:

India on track to become third largest economy by 2028: British Prime Minister Keir Starmer has said that India is on track to become the third largest economy by 2028 and the UK is perfectly placed to be a partner in this journey. 

Rupee rises against US Dollar: Indian rupee appreciated against the US dollar on Friday, on strength in the domestic markets and broad weakness in crude oil prices. 

India's manufacturing sector poised for strong growth, expansion: Federation of Indian Chambers of Commerce and Industry (FICCI) in its latest survey has said that India's manufacturing sector is poised for strong growth and expansion, with 87 per cent of respondents reporting higher or same production levels for the September quarter (Q2FY26). 

Fertiliser stocks in watch: Crisil Ratings in its latest report has said that volume growth of complex fertilisers is seen slowing to 2-4% this fiscal (FY26) after a strong 9% print last fiscal (FY25) because of availability issues with imported fertilisers, ongoing geopolitical disruptions and high-base effect. 

Global front: European markets were trading lower with deepening concerns about an AI bubble and renewed worries about the political situation in France keeping investors on edge. Asian markets ended mostly lower as investors booked some profits in the technology sector following warnings of stretched valuations. 

Finally, the BSE Sensex rose 328.72 points or 0.40% to 82,500.82 and the CNX Nifty was up by 103.55 points or 0.41% to 25,285.35.      

The BSE Sensex touched high and low of 82,654.11 and 82,072.93 respectively. There were 22 stocks advancing against 8 stocks declining on the index.   

The broader indices ended in green; the BSE Mid cap index rose 0.36%, while Small cap index was up by 0.59%.

The top gaining sectoral indices on the BSE were Realty up by 1.72%, Telecom up by 1.13%, Healthcare up by 0.99%, Utilities up by 0.98% and Bankex up by 0.97%, while Metal down by 0.86%, Basic Materials down by 0.28% and Oil & Gas down by 0.13% were the losing indices on BSE.

The top gainers on the Sensex were SBI up by 2.16%, Maruti Suzuki up by 1.72%, Axis Bank up by 1.08%, NTPC up by 1.07% and Power Grid Corporation up by 1.05%. On the flip side, Tata Steel down by 1.47%, TCS down by 1.10%, Tech Mahindra down by 0.62%, Titan Company down by 0.50% and Bajaj Finserv down by 0.46% were the top losers.

Meanwhile, with an aim to address challenges faced by the textile industry and encourage fresh investments, the Textile Ministry has came up with significant amendments to the Production Linked Incentive (PLI) Scheme for textile products. The amendments to the scheme for man-made fibre (MMF) apparel, fabrics and technical textile products include expansion of products eligible to receive sops, reduction in minimum investment threshold by half, and lowering incremental turnover criteria for availing incentives to 10 per cent from 25 per cent earlier. These amendments are designed to address industry challenges, enhance ease of doing business, encourage fresh investments in the sector and accelerate growth, underscoring the government's focus on fostering employment and driving India's leadership in the global textile market.

Under the revised scheme, more products have been added to the list of eligible items for receiving government's financial support with the inclusion of 8 new HSN codes for MMF apparel and 9 new HSN codes for MMF fabrics. Moreover, applicants can now establish project units within the existing companies. Besides, starting from the current financial year, applicants have to demonstrate a minimum of 10 per cent incremental turnover over the previous year to qualify for incentives from Year 2 onwards, as against 25 per cent turnover criteria earlier. The Textile Ministry said that the revisions will significantly reduce entry barriers and financial thresholds, enabling faster execution. 

The ministry has opened PLI scheme application portal until December 31, 2025 in order to encourage wider participation from the industry. On September 24, 2021, the government of India notified the PLI Scheme for Textiles with an objective to promote production of MMF apparel & fabrics and products of technical textiles in the country to enable the industry achieve size and scale, become competitive, create employment opportunities for people and support creation of a viable enterprise. Further, 74 participant companies with committed investment of Rs 28,711 crore have been selected as beneficiaries under the PLI scheme, so far.

CNX Nifty touched high and low of 25,330.75 and 25,156.85 respectively. There were 35 stocks advancing against 15 stocks declining on the index.    

The top gainers on Nifty were Cipla up by 3.63%, SBI up by 2.22%, Maruti Suzuki up by 1.88%, Bajaj Auto up by 1.51% and Dr. Reddy's Lab up by 1.44%. On the flip side, Tata Steel down by 1.45%, TCS down by 1.10%, HDFC Life Insurance down by 0.74%, JSW Steel down by 0.63% and Shriram Finance down by 0.61% and were the top losers.

European markets were trading lower; UK’s FTSE 100 decreased 2.21 points or 0.02% to 9,507.19, France’s CAC fell 4.06 points or 0.05% to 8,037.30 and Germany’s DAX lost 30.95 points or 0.13% to 24,580.30.

Asian markets ended mostly lower on Friday with stock market of Taiwan closed for Double tenth day holiday. Risk aversion amidst woes that the US government shutdown is entering its third week. Rising US bond yield notes and delayed Fed rate cuts lifted borrowing costs prompting capital outflows from emerging Asian stocks also weighed down the indices. Hang Seng plunged in the session marking loss of about 4.8% for the week, amidst disappointing Chinese economic data, regulatory pressures on tech stocks, and global risk-off sentiment from US market volatility.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,897.03

-36.94

-0.94

Hang Seng

26,290.32

-462.27

-1.73

Jakarta Composite

8,257.86

6.92

0.08

KLSE Composite

1,622.25

-7.42

-0.46

Nikkei 225

48,088.8

-491.64

-1.01

Straits Times

4,427.06

-13.44

-0.30

KOSPI Composite

3,610.60

61.39

1.73

Taiwan Weighted

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