Indian equity markets ended significantly higher on Thursday, supported by broad-based buying across sectors, with information technology stocks leading the rally and banking stocks also posting strong gains.
The BSE Sensex closed over two percent higher, driven by strong buying in index heavyweights ahead of the weekly Sensex derivatives expiry. The Nifty 50 ended over one and a half percent higher, supported by optimism surrounding the ongoing quarterly earnings season and a decline in crude oil prices. However, a late-session pullback indicated some profit-booking at higher levels. Meanwhile, Nestle India emerged as a key laggard on the Nifty 50 following its second-quarter earnings announcement.
Some of the important factors in trade:
RBI measures to ensure orderly forex market movement, curb undue speculative activity: Traders took encouragement with the Reserve Bank of India (RBI) Governor Sanjay Malhotra's statement that recent RBI measures, including the creation of a special dollar window for oil marketing companies (OMCs), aim to ensure orderly movements in the foreign exchange market and curb undue speculative activity.
India-US trade deal negotiations heading towards ‘landing point’: Sentiments remained upbeat as external Affairs Minister S Jaishankar has said negotiations on the India-US trade deal were heading towards a ‘landing point’, with officials from both countries working to iron out outstanding issues.
India working to rebuild relations with China: Traders took note of Commerce and Industry Minister Piyush Goyal’s statement that India is working to rebuild its relations with China, but the last word has not yet been scripted on this journey.
On the global front: European stocks were trading mostly in green, as oil prices fell and Eurozone government bond yields slipped, tracking an overnight decline in U.S. Treasury yields. Asian markets closed lower following the broadly negative cues from Wall Street overnight.
The BSE Sensex ended at 74315.61, up by 1533.72 points or 2.11% after trading in a range of 72896.38 and 74330.29. There were 24 stocks advancing against 6 stocks declining on the index. (Provisional)
The top gaining sectoral indices on the BSE were TECK up by 2.09%, IT up by 1.51%, Auto up by 1.47%, Oil & Gas up by 1.46% and Energy up by 1.41%, while Capital Goods down by 2.44%, Power down by 1.84%, Industrials down by 1.62%, FMCG down by 0.82%, and Utilities down by 0.61% were the top losing indices on BSE. (Provisional)
The top gainers on the Sensex were Tech Mahindra up by 4.51%, ICICI Bank up by 3.31%, HCL Technologies up by 2.63%, Bharti Airtel up by 2.58% and Reliance Industries up by 2.43%. On the flip side, Bharat Electronics down by 0.86%, Trent down by 0.78%, Power Grid Corporation down by 0.30%, Hindustan Unilever down by 0.15% and Titan Company down by 0.12% were the top losers. (Provisional)
Meanwhile, the industry body -- Society of Indian Automobile Manufacturers (SIAM) has said that domestic passenger vehicle dispatches from companies to dealers grew 21.8 per cent year-on-year to 4.55 lakh units in September 2026 as compared to passenger vehicle dispatches of 3.73 lakh units in September 2025.
SIAM said total two-wheeler sales rose 13.5 per cent to 24.63 lakh units in September 2026 as compared to 21.70 lakh units in September last year. Besides, three-wheeler dispatches also recorded strong growth during the month, rising 16 per cent to 98,162 units as compared to 84,635 units in the year-ago period.
It further said passenger vehicle sales grew 30.7 per cent to 13.61 lakh units in Q2 (July-September) of FY27, while two-wheeler sales increased 15.2 per cent to 64.33 lakh units. During the said period, three-wheeler sales rose 23.6 per cent to 2.85 lakh units, and commercial vehicle sales grew 28.7 per cent to 3.09 lakh units.
The CNX Nifty ended at 22997.35, up by 374.65 points or 1.66% after trading in a range of 22637.40 and 23056.40. There were 42 stocks advancing against 8 stocks declining on the index. (Provisional)
The top gainers on Nifty were Tech Mahindra up by 4.75%, ICICI Bank up by 3.80%, Reliance Industries up by 3.44%, Bharti Airtel up by 3.31% and BSE up by 2.70%. On the flip side, Nestle India down by 7.76%, Adani Enterprises down by 0.83%, Trent down by 0.72%, Shriram Finance down by 0.65% and Bharat Electronics down by 0.51% were the top losers. (Provisional)
European markets were trading mostly in green; UK’s FTSE 100 increased 57.46 points or 0.54% to 10,782.32 and France’s CAC rose 21.29 points or 0.27% to 7,894.40, while Germany’s DAX lost 79.51 points or 0.31% to 25,219.10.
Asian markets settled lower on Thursday, with South Korea’s Kospi crashing over 8% and the Nikkei dropping more than 5% as the selloff in technology stocks intensified on mounting concerns over the sustainability of massive artificial intelligence investments. Market sentiment weakened further following Wall Street’s overnight fall as hotter-than-expected US CPI data increased the risks of further interest rate hikes by the US Federal Reserve. Meanwhile, investors shifted their focus to US PPI and retail sales data as well as speeches from Fed officials, including Chair Kevin Warsh later in the day for additional cues on the Fed's next move.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,707.48 | -59.75 | -1.59 |
Hang Seng | 24,062.72 | -251.45 | -1.03 |
Jakarta Composite | 5,863.78 | -79.24 | -1.35 |
KLSE Composite | 1,623.70 | -4.02 | -0.25 |
Nikkei 225 | 64,425.95 | -3,318.34 | -4.90 |
Straits Times | 5,403.50 | -19.83 | -0.37 |
KOSPI Composite | 5,554.22 | -454.59 | -7.57 |
Taiwan Weighted | 46,969.87 | -1,655.96 | -3.41 |
