Sensex up 583 pts, Nifty reclaims 25k on IT, financial gains

The domestic share market indices ended on a higher note on Monday supported gains in banking and financial stocks amid expectations of forthcoming quarterly results.At close, the Sensex was up 582.95 points or 0.72 percent at 81,790.12, and the Nifty was up 183.40 points or 0.74 percent at 25,077.65. About 1715 shares advanced, 2370 shares declined, and 154 shares unchanged.
Max Healthcare, Shriram Finance, Apollo Hospitals, TCS, Tech Mahindra were the top gainers on the Nifty, while losers included Tata Steel, Adani Ports, Power Grid Corp, ITC and NTPC.On the sectoral front,IT index rose 2 percent, healthcare index rose 1 percent, private bank index up 1.2 percent, oil & gas index up 0.7 percent and PSU Bank index was up 0.4 percent, while metal, media, FMCG, down 0.3-0.9 percent.The BSE midcap index rose 0.7 percent, while smallcap index ended marginally lower.
Rupee Close:
On 6 Oct'25,the Indian rupee closed flat at 88.79 against the US dollar on Monday after opening 3 paise higher,amid likely foreign inflows in equity markets with on-going initial public offerings (IPOs), according to information.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated,the domestic equity market ended the session on a positive note, led by gains in the financial services and IT sectors, ahead of the Q2 results. The banking index outperformed, bolstered by strong quarterly updates announced by large scheduled banks and attractive valuations, while hospital stocks surged following the revision of CGHS rates. Investors now look to Q2FY26 earnings for guidance; though expectations remain moderate, the market is more optimistic regarding Q3 results, led by a rise in consumer demand.
Market experts recommended five stocks to buy on Monday-Remsons Industries, Manorama Industries, Zota Health Care, India Nippon Electricals, and Prostarm Info Systems.

(Business Correspondent)