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EQUITY
Key gauges end higher amid firm global cues
Oct-09-2025

Indian equity benchmarks staged a rebound after yesterday’s dip and ended higher on Thursday following buying in Metal, Basic Materials and IT firms and foreign fund inflows. Foreign Institutional Investors (FIIs) extended their buying streak for the second consecutive session on October 8, purchasing equities worth Rs 81.28 crore, according to exchange data. Also, the up move was largely supported by firm global cues and expectations of steady Q2 earnings.  

Some of the important factors in trade:

India won’t bow to tariff pressure: Agriculture Minister Shivraj Singh Chouhan has said that India will not compromise on its national interest amid a volatile geopolitical situation where trade and tariffs have become weapons, and asserted that the country must further strengthen food security without relying on global markets.

House price index registers marginal increase in Q1:2025-26: Reserve Bank of India (RBI) in its latest report has showed that the value of house price index (HPI) registered a marginal increase in Q1:2025-26, with Nagpur, Chandigarh, Chennai and Kochi registering maximum increase over the last quarter.

No power on earth can stop India from becoming developed nation by 2047: Expressing optimism over India’s economic growth, Commerce and Industry Minister Piyush Goyal has said no power on earth can stop India from becoming a developed nation by 2047, with the government taking a series of initiatives to promote the domestic economy, build infrastructure and expand international trade. 

Telecom stocks in focus: Communications Minister Jyotiraditya Scindia said that India's ambitions extend well beyond 5G, with a target of securing 10 per cent of 6G patents, while satellite communications are poised for exponential growth, with the market set to triple by 2033.

Global front: European markets were trading mostly in green amid hopes about more interest rate cuts by the Federal Reserve after the central bank's minutes showed the policymakers are seemingly in favour of further reductions. Asian markets ended mostly higher with chipmaking and related stocks leading the surge on optimism over artificial intelligence. 

Finally, the BSE Sensex rose 398.44 points or 0.49% to 82,172.10 and the CNX Nifty was up by 135.65 points or 0.54% to 25,181.80.      

The BSE Sensex touched high and low of 82,247.73 and 81,667.68 respectively. There were 24 stocks advancing against 6 stocks declining on the index.   

The broader indices ended in green; the BSE Mid cap index rose 0.75%, while Small cap index was up by 0.18%. 

The top gaining sectoral indices on the BSE were Metal up by 2.16%, Basic Materials up by 1.34%, IT up by 1.02%, Healthcare up by 0.84% and Capital Goods up by 0.78%, while there were no losing sectoral indices on the BSE. 

The top gainers on the Sensex were Tata Steel up by 2.65%, HCL Technologies up by 2.21%, Ultratech Cement up by 1.68%, Sun Pharma up by 1.64% and Bharat Electronics up by 1.42%. On the flip side, Axis Bank down by 0.90%, Titan Company down by 0.41%, Maruti Suzuki down by 0.21%, Tata Motors down by 0.18% and HDFC Bank down by 0.16% were the top losers.

Meanwhile, with an aim to make Artificial Intelligence (AI) accessible, affordable, and impactful for every worker, NITI Aayog has called for 'Mission Digital ShramSetu', a proposed national mission to create the roadmap and ecosystem. It highlighted that the mission will harness AI, blockchain, immersive learning, and other frontier technologies to dismantle structural constraints - ranging from financial insecurity and limited market access to lack of skilling and social protection. Further, the mission will empower informal workers with tools and platforms that will amplify their skills, increase productivity, and ensure dignity in work.

Moreover, it suggested that AI can serve as a true equaliser - lifting the millions at the margins into the mainstream of India's growth story and turning the vision of Viksit Bharat 2047 into reality. This can be achieved only through coordination and collaboration across government, industry, academia, and civil society. It noted that most discussions and reports on AI focus on white-collar professionals and predict an almost certain loss of jobs in the segment in the absence of urgent interventions. It emphasized the need to pay attention toward how AI can serve India's 490 million informal workers, the very people who form the backbone of the economy. 

NITI Aayog CEO BVR Subrahmanyam said ‘If we are serious about transforming the lives of India's 490 million informal workers, collaboration is not optional - it is non-negotiable.’  He noted that this goal demands cross-functional actions from focused R&D that reduce the cost of frontier technologies, to building a sustainable ecosystem of innovation tailored to the informal sector, to skilling and reskilling at scale. Niti Aayog also highlighted five core challenges, namely financial insecurity, limited market access, lack of skilling, inadequate social protection and low productivity, continue to hold back India's informal segment from realising its full potential. Further, these challenges are rooted in four deeper systemic barriers: lack of trust, poor access and usability of services, low awareness and skills and outdated tools and processes.

CNX Nifty touched high and low of 25,199.25 and 25,024.30 respectively. There were 40 stocks advancing against 10 stocks declining on the index.    

The top gainers on Nifty were Tata Steel up by 2.48%, JSW Steel up by 2.34%, SBI Life Insurance up by 2.26%, HCL Technologies up by 2.15% and Bharat Electronics up by 1.55%. On the flip side, Axis Bank down by 1.06%, Titan Company down by 0.61%, Tata Consumer Product down by 0.46%, Maruti Suzuki down by 0.40% and HDFC Bank down by 0.38% were the top losers.

European markets were trading mostly in green; France’s CAC rose 16.27 points or 0.2% to 8,076.40 and Germany’s DAX gained 103.97 points or 0.42% to 24,701.10, while UK’s FTSE 100 decreased 25.97 points or 0.27% to 9,522.90.

Asian markets ended mostly higher on Thursday after tech giants like Nvidia and Apple soared in Wall Street amidst AI optimism and solid corporate earnings. Encouraging Chinese data and easing geopolitical tensions lifted risk appetite in the Asian stock indices. Chinese market rallied as trading resumed following the National Day holidays. Japanese market soared to reach new record highs as the yen held steady after touching its weakest level against the dollar since February. Continued weakness in the Japanese yen and Korean won also boosted earnings outlook for export heavy firms, particularly in auto and electronic sectors.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,933.97

51.19

1.32

Hang Seng

26,752.59

-76.87

-0.29

Jakarta Composite

8,250.94

84.91

1.03

KLSE Composite

1,629.67

2.17

0.13

Nikkei 225

48,580.44

845.45

1.77

Straits Times

4,440.50

-15.80

-0.35

KOSPI Composite

--

--

--

Taiwan Weighted

27,301.92

238.24

0.88
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