Nifty near 25,200, Sensex gains 398 points on weekly expiry

The domestic share market indices closed higher on Thursday, with the Nifty settling near 25,200, driven by strong gains in IT and metal shares. Investor sentiment improved ahead of Tata Consultancy Services’ quarterly results, while a recovery in base metal prices supported the upmove.At close, the Sensex was up 398.44 points or 0.49 percent at 82,172.10, and the Nifty was up 135.65 points or 0.54 percent at 25,181.80. About 2015 shares advanced, 1978 shares declined, and 159 shares unchanged.
HCL Technologies, JSW Steel, Tata Steel, SBI Life Insurance, Interglobe Aviation were the top gainers on the Nifty, while losers included Tata Consumer, Axis Bank, Maruti Suzuki, Titan Company and Bharti Airtel.On the sectoral front, pharma, oil & gas, realty, metal, PSU Bank IT added 0.5-1 percent.BSE Midcap index jumped 0.75%, while smallcap index ended flat.
Rupee Close:
On 9 Oct'25,the Indian rupee traded with a slight negative bias and hovered near its all-time low levels before settling for the day at 88.79 against the US dollar, lower by 4 paise on Thursday, as strong greenback demand and ongoing trade tensions between India and the US weighed on investor sentiments.Forex traders said the USD/INR pair is trading in a tight range as absence of economic data from US amid the government shutdown may also lead to consolidation.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated,the domestic market showed gains amid Q2 results, while metals indices outperformed, led by an uptick in base metal prices. The Q2FY26 earnings season is expected to be modest due to a muted expectation on sectors like finance and export oriented sectors like IT and pharma. However, the overall environment is forecast to reverse strongly in H2FY26, helped by a rebound in domestic demand.Despite muted earnings expectations, the IT index moved higher as investors took comfort in attractive valuations—currently below long-term averages—and a constructive long-term outlook supported by signs of recovery in the US economy.
Market experts recommended five stocks to buy on Thursday-Yatharth Hospital & Trauma Cre Srvcs, Remsons Industries, SeQuent Scientific, SRM Contractors, and Senores Pharmaceuticals.

(Business Correspondent)