Sensex rallies 862 pts, Nifty nears four month high at 25,600

The Indian stock market indices continued their upward momentum on Thursday, with the Nifty 50 inching closer to its 52-week high, driven by strong gains in financial and consumer durable stocks amid renewed optimism over corporate earnings and steady foreign fund inflows.At close, the Sensex was up 862.23 points or 1.04 percent at 83,467.66, and the Nifty was up 261.75 points or 1.03 percent at 25,585.30.
Nestle India, Tata Consumer, Titan Company, Kotak Mahindra Bank, Axis Bank were the top gainers on the Nifty, while losers included HDFC Life, Shriram Finance, Sun Pharma, Jio Financial and Eternal.On the sectoral front,except PSU Bank which ended lower by 0.4 percent, all other sectoral indices closed in the green with auto, bank, consumer durable, realty FMCG, oil & gas up 0.5-1.7 percent.The BSE midcap index rose 0.3 percent and smallcap index added 0.4 percent.
Rupee Close: 
On 16 Oct'25,the Indian rupee closed 24 paise higher at 87.82 against the US dollar on Thursday, at nearly a month's low level, extending Wednesday's momentum, amid a decline in the dollar index.  
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated domestic equities extended their strong recovery rally, buoyed by positive global cues and renewed optimism surrounding India–US trade discussions. Gains were broad-based, led by Realty, Auto, FMCG, and Private Banking stocks. Sentiment was further lifted by expectations of a Q3FY26 demand revival, early signs of FII inflows, supported by dovish commentary from the US Fed, and a softer dollar index.The recent appreciation of the INR also reinforced the positive undertone. While near-term momentum remains favourable, sustained performance will depend on signs of earnings growth from ongoing corporate results and developments in global trade.
Market experts recommended five shares to buy on Thursday- Manorama Industries, Aditya Infotech, Allied Blenders and Distillers, Krishna Institute Of Medical Sciencs, and TD Power Systems.

(Business Correspondent)