Key gauges continue to trade marginally higher in morning deals

Indian equity benchmarks continued to trade marginally higher in morning deals, amid buying in Metal, Basic Materials and Healthcare stocks 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. Some support also came as Union Minister of Communication Jyotiraditya Scindia’s statement that India's ambitions extend well beyond 5G, with a target of securing 10 per cent of 6G patents, while satellite communications (SATCOM) are poised for exponential growth, with the market set to triple by 2033. However, gains remain capped as investors remained on sidelines ahead of the Q2 earnings season, with TCS set to kick off the earnings season on October 9, 2025. On the global front, Asian markets are trading mostly in green after a renewed wave of buying in companies linked to the artificial-intelligence boom sent Wall Street benchmarks to new peaks. 

The BSE Sensex is currently trading at 81851.79, up by 78.13 points or 0.10% after trading in a range of 81667.68 and 82009.32. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading in green and red; the BSE Mid cap index was up by 0.41%, while Small cap index down by 0.04%.

The top gaining sectoral indices on the BSE were Metal up by 1.70%, Basic Materials up by 0.88%, Healthcare up by 0.85%, Oil & Gas up by 0.71% and Energy up by 0.63%, while Auto down by 0.33%, Utilities down by 0.18%, Power down by 0.12%, Bankex down by 0.12% and Consumer Discretionary down by 0.03% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 3.11%, HCL Technologies up by 1.94%, Eternal up by 1.07%, Bharat Electronics up by 0.85% and Larsen & Toubro up by 0.74%. On the flip side, Tata Motors down by 1.34%, Axis Bank down by 0.75%, Maruti Suzuki down by 0.75%, Power Grid Corporation down by 0.60% and HDFC Bank down by 0.54% were the top losers.

Meanwhile, Union Minister of Communication Jyotiraditya Scindia has said that India's ambitions extend well beyond 5G, with a target of securing 10 per cent of 6G patents, while satellite communications (SATCOM) are poised for exponential growth, with the market set to triple by 2033. He noted that India has evolved from being a follower of technology to emerging as a digital flagbearer on the global stage. 

Outlining India's transformation into a self-reliant nation, he said ‘the day is not far off when people will say the world depends on India.’ He said ‘I appeal to all of you today, design here, solve here, scale for everywhere. India innovates, and the world transforms.’ Satellite communications today are expanding horizons, taking connectivity from land to sea to space. 

He said ‘The Satcom market today, across telecom and broadcasting, which is at close to $4 billion, will triple to almost $15 billion by 2033. At the heart of this whole revolution lies our people... India is going to be the world's largest digitally skilled force in the days to come.’ Further, he said India currently is a product nation, distinct from being a service nation. He stated ‘The Prime Minister's resolve with the PLI scheme (Production-Linked Incentive scheme) today has resulted in close to Rs 91,000 crore of new production, Rs 18,000 crore of exports and the creation of 30,000 new jobs.’

The CNX Nifty is currently trading at 25078.45, up by 32.30 points or 0.13% after trading in a range of 25024.30 and 25120.35. There were 30 stocks advancing against 20 stocks declining on the index.

The top gainers on Nifty were Tata Steel up by 2.84%, Dr. Reddy's Lab up by 1.99%, HCL Technologies up by 1.89%, JSW Steel up by 1.62% and Interglobe Aviation up by 1.12%. On the flip side, Tata Motors down by 1.47%, Axis Bank down by 0.89%, Bajaj Auto down by 0.78%, Maruti Suzuki down by 0.75% and Eicher Motors down by 0.71% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 706.01 points or 1.48% to 48,441.00, Taiwan Weighted added 245.34 points or 0.91% to 27,309.02, Jakarta Composite gained 33.77 points or 0.41% to 8,199.80, Shanghai Composite strengthened 50.09 points or 1.29% to 3,932.87 and Hang Seng advanced 7.54 points or 0.03% to 26,837.00.

On the flip side, Straits Times fell 8.4 points or 0.19% to 4,447.90.