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Strong gaining rally witnesses over Dalal Street on Thursday
Oct-16-2025

Extending their winning streak to the second session, Indian equity benchmarks ended with gains of over a percent on Thursday, following across-the-board buying by investors triggered by a global stocks rally and US Fed rate cut hopes. Fresh foreign fund inflows also added to the markets' optimism. Foreign Institutional Investors (FIIs) bought equities worth Rs 68.64 crore on Wednesday, according to exchange data. 

Some of the important factors in trade:

Government’s policies aimed at ensuring balanced growth: Union Minister of Commerce and Industry, Piyush Goyal has said that the Government’s policies are aimed at ensuring balanced growth that benefits all sections of society, strengthens the domestic economy, and positions India prominently on the global stage. 

Rupee rises against US Dollar: Rising for the second straight session, Indian rupee surged against the US dollar, buoyed by a softer American currency against major currencies and renewed risk-on sentiment among investors. 

Unemployment in India rises marginally to 5.2% in September: Ministry of Statistics and Programme Implementation (MoSPI) in its Periodic Labour Force Survey (PLFS) has showed the unemployment rate among people aged 15 and above increased marginally to 5.2% in September. 

India, EU trade pact talks in last leg: The report said that the negotiations between India and the European Union on the proposed free trade agreement are progressing very well and have reached the last leg.

Global front: European markets were trading mostly in green even as investors largely stayed cautious amid a lack of fresh data, and awaited earnings updates and continued to monitor political developments in France. Asian markets ended mostly higher amid growing expectations of imminent U.S. Federal Reserve rate cuts. Regional gains, however, remained capped somewhat by rising Sino-U.S. tensions. 

Finally, the BSE Sensex rose 862.23 points or 1.04% to 83,467.66 and the CNX Nifty was up by 261.75 points or 1.03% to 25,585.30.       

The BSE Sensex touched high and low of 83,615.48 and 82,791.35 respectively. There were 28 stocks advancing against 2 stocks declining on the index.   

The broader indices ended in green; the BSE Mid cap index rose 0.29%, while Small cap index was up by 0.47%.

The top gaining sectoral indices on the BSE were Realty up by 1.87%, FMCG up by 1.74%, Consumer Durables up by 1.51%, Bankex up by 1.27% and Auto up by 1.15%, while there were no losing sectoral indices on the BSE. 

The top gainers on the Sensex were Kotak Mahindra Bank up by 2.67%, Titan Company up by 2.63%, Axis Bank up by 2.33%, Adani Ports &SEZ up by 1.97% and Mahindra & Mahindra up by 1.82%. On the flip side, Eternal down by 1.73% and Infosys down by 0.08% were the top losers. 

Meanwhile, Crisil Intelligence, in its report for October 2025, has said that a benign inflation outlook may prompt the Monetary Policy Committee (MPC) to cut policy rates to support growth which faced downside risks due to imposition of higher US tariffs in the second half of the fiscal. The report said the MPC kept policy rates unchanged during its review meeting on October 1, and maintained a neutral policy stance. It said ‘We expect the consumer price index (CPI) inflation to soften to 3.2 per cent in the current financial year from 4.6 per cent in the last fiscal.’

Referring to the fiscal health of the economy, the report said the government has targeted a reduction in the Centre's fiscal deficit to 4.4 per cent of the GDP in the current financial year from 4.8 per cent in the previous fiscal. The government plans to borrow Rs 6.77 lakh crore from the market in the second half of the current financial year as against Rs 8 lakh crore in the first half. Overall, the gross market borrowings are estimated to be five per cent higher at Rs 14.7 lakh crore in the current financial year.

According to the report, crude oil prices are likely to average $62 to $67 per barrel in the current financial year compared to the average of $78.8 per barrel in the last financial year. It further said that the current account deficit is expected to remain in the comfort zone of one per cent of the GDP in fiscal 2026 compared to 0.6 per cent of GDP in fiscal 2025.

CNX Nifty touched high and low of 25,625.40 and 25,376.85 respectively. There were 45 stocks advancing against 5 stocks declining on the index.    

The top gainers on Nifty were Nestle up by 4.76%, Tata Consumer Product up by 3.10%, Titan Company up by 2.45%, Axis Bank up by 2.25% and Kotak Mahindra Bank up by 2.11%. On the flip side, Eternal down by 3.91%, HDFC Life Insurance down by 2.38%, Shriram Finance down by 0.54%, Infosys down by 0.24% and Jio Financial Services down by 0.18% and were the top losers.

European markets were trading mostly in green; France’s CAC rose 56.5 points or 0.7% to 8,133.50 and Germany’s DAX gained 21.93 points or 0.09% to 24,203.30, while UK’s FTSE 100 decreased 16.8 points or 0.18% to 9,407.95.

Asian markets ended mostly higher on Thursday amid growing expectations of imminent U.S. Federal Reserve rate cuts. Japanese markets ended sharply higher after the Jaan Innovation Party emerged as a possible coalition partner for the LDP ahead of a parliamentary vote to decide the prime minister expected next week. Investors shrugged off data that showed Japan's core machinery orders unexpectedly declined month-over-month in August. Seoul stocks hit a new peak as tech stocks surged on optimism over AI-driven demand. However, Hong Kong's Hang Seng ended marginally lower after data showed China's new bank loans rose less than expected in September. There was some cautiousness amid rising Sino-U.S. tensions. U.S. Treasury Secretary Scott Bessent slammed Beijing's rare earth export curbs as 'China versus the world’, vowing that Washington and its allies would ‘neither be commanded nor controlled.'

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,916.23

4.02

0.10

Hang Seng

25,888.51

-22.09

-0.09

Jakarta Composite

8,124.76

73.58

0.91

KLSE Composite

1,612.29

0.74

0.05

Nikkei 225

48,277.74

605.07

1.27

Straits Times

4,356.20

-12.22

-0.28

KOSPI Composite

3,748.37

91.09

2.43

Taiwan Weighted

27,647.87

372.16

1.35
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