Indian stock market today: Frontline indices, the Sensex and the Nifty 50, ended higher on Tuesday, October 7, extending their gains for the fourth consecutive session, amid mixed global cues.
The domestic market ended higher, but gains were capped due to some profit booking ahead of the start of the Q2 earnings season.
Select heavyweights, including HDFC Bank, ICICI Bank, Bharti Airtel and Reliance, remained the top contributors to the rise in the Sensex index. However, Axis Bank, Infosys, SBI, and Tata Motors were among the top drags on the index.
The Sensex closed 137 points, or 0.17 per cent, higher at 81,926.75, while the Nifty 50 ended at 25,108.30, up 31 points, or 0.12 per cent. The BSE Midcap index jumped 0.45 per cent, but the Smallcap index ended with a loss of 0.15 per cent.
Indian stock market: 10 key highlights from the day
1. What moved the Indian stock market?
The Sensex and the Nifty 50 closed higher for the fourth consecutive session, as investors continued to buy select heavyweights in the backdrop of healthy growth-inflation dynamics and GST reforms.
However, uncertainty over an India-US trade deal remains a key concern for the market, which is prompting investors to embark on profit booking after a market rally.
“The market ended with flattish gains as expectations for Q2 FY26 earnings remain modest. Market’s short-term focus will shift toward corporate commentary for insights into potential recovery in Q3,” said Vinod Nair, Head of Research, Geojit Investments Limited.
2. Top gainers in the Nifty 50 index today
Shares of Jio Financial Services (up 1.42 per cent), Bharti Airtel (up 1.35 per cent), and HCL Technologies (up 1.26 per cent) ended as the top gainers.
3. Top losers in the Nifty 50 index
Tata Motors (down 2.04 per cent), Axis Bank (down 2.04 per cent), and Trent (down 1.93 per cent) ended as the top losers in the Nifty 50 index. Out of the total 50, 27 stocks ended lower in the index, while one- Asian Paints- ended flat.
4. Sectoral indices today
Nifty FMCG (down 0.53 per cent), Media (down 0.46 per cent), and PSU Bank (down 0.41 per cent) ended with significant losses.
However, Nifty Realty (up 1.09 per cent), Oil & Gas (up 0.49 per cent), and Pharma (up 0.44 per cent) ended with healthy gains.
Nifty Bank and Financial Services indices both rose by 0.24 per cent each.
5. Most active stocks in terms of volume
Vodafone Idea (145.2 crore shares), YES Bank (12 crore shares), and Tata Mutual Fund Tata Gold Exchange Traded Fund (8 crore shares) were the most active stocks in terms of volume on the NSE.
6. 21 stocks jump over 10% on BSE
Indraprastha Medical Corporation, Orbit Exports, Earthstahl & Alloys, Century Extrusions, Indbank Merchant Banking Services, and Investment & Precision Castings were among the 21 stocks that jumped by more than 10 per cent on the BSE.
7. Advance-decline ratio
Out of 4,322 stocks traded on the BSE, 1,843 advanced, while 2,320 declined. Some 159 stocks remained unchanged.
8. 175 stocks hit 52-week highs
As many as 175 stocks, including Hero MotoCorp, Canara Bank, Muthoot Finance, UNO Minda, and Schaeffler India, hit their 52-week highs in intraday trade on the BSE.
9. 130 stocks hit 52-week lows
Happiest Minds Technologies, Clean Science and Technology, H.G. Infra Engineering, Quess Corp, and SpiceJet were among the 130 stocks that hit their 52-week lows on the BSE.
10. Nifty’s technical outlook
According to Shrikant Chouhan, the head of equity research at Kotak Securities, the 20-day simple moving average (SMA) and the 24,950–25,000 zone will act as key support levels for traders.
“As long as the market remains above these levels, the bullish sentiment is likely to continue. On the flip side, 25,200 and 25,275 would serve as key resistance levels for the bulls. For day traders, buying on intraday dips and selling on rallies would be the ideal strategy. However, below 24,950, the uptrend could become vulnerable,” said Chouhan.
Praveen Dwarakanath, Vice President of Hedged.in, said the Nifty 50 has immediate support at the 25,100 level and resistance at the 25,220 level. The break of support at 25,100 can take the index towards the next support level at 24,850.
“The momentum indicators on an hourly chart have shifted gears after the intraday selloff in today’s rally, suggesting a likely break of support at the 25,100 level. The index is taking support from the 20-day moving average at the 25,100 level, a break of which can push the index towards the 25,000 and then to the 24,800 level,” said Dwarakanath.
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Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
