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Sensex rally pushes benchmark to 83,467 points; six major stocks drive gains.
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Nifty gains of 261 points in two days; combined market capitalization rises Rs 6 lakh crore.
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Positive global cues, domestic earnings optimism, and India–US trade hopes fuel further momentum.
Sensex Rally drives strong market momentum
The Sensex rally continued for the second straight session on Thursday ahead of Diwali, reflecting strong investor sentiment. The BSE Sensex surged 862.23 points, or 1.04%, closing at 83,467.66, while the Nifty50 climbed 261.75 points, or 1.03%, to 25,585.30.
This sharp rise pushed investor wealth up by over Rs 6 lakh crore in just two trading sessions, as the combined market capitalization of BSE-listed companies rose from Rs 460 lakh crore on October 14 to Rs 466 lakh crore. Positive domestic earnings trends, renewed foreign inflows, and optimism around a potential India–US trade deal underpinned the rally.
Nifty gains supported by major stock movers
The Nifty gains were broadly supported by heavyweights in the index. Kotak Mahindra Bank emerged as the top gainer on the Sensex, rising 2.67% to close at Rs 2,206. Other significant contributors included Titan (+2.63%), Axis Bank (+2.07%), Adani Ports (+1.97%), M&M (+1.83%), and Reliance Industries (+1.69%).
Six key stocks — HDFC Bank, Reliance Industries, ICICI Bank, Kotak Mahindra Bank, Axis Bank, and M&M — were primarily responsible for lifting the Sensex higher, demonstrating the continued importance of banking, energy, and industrial sectors in driving market performance.
Sensex Rally sees sectoral indices advance
Sectoral performance during the rally was strong. The BSE Bankex rose 1.27% to 64,748.01, led by robust buying in private banking stocks. Meanwhile, the BSE FMCG index gained 1.74% to 20,511.87, reflecting broad-based support from consumer-focused companies.
Within the Sensex pack, some stocks also hit fresh 52-week highs, including Bajaj Finance (Rs 1,081.50), SBI (Rs 891.90), and Eternal (Rs 368.40). Overall, of the 4,334 actively traded BSE stocks, 2,371 ended higher, 1,814 declined, and 149 closed unchanged.
Nifty gains bolstered by investor optimism
The Nifty gains reflect growing investor confidence ahead of the festive season. Market experts cite renewed foreign capital inflows, positive global cues, and expectations of a revival in domestic demand as key drivers.
Vinod Nair, Head of Research at Geojit Investments, noted that broad-based gains were led by Realty, Auto, FMCG, and Private Banking stocks. He added that dovish US Fed commentary, a weaker dollar, and the recent INR appreciation reinforced the positive sentiment.
Sensex Rally backed by technical trends
From a technical standpoint, the Sensex rally has cleared key resistance levels, with the Nifty crossing the 25,450 trendline hurdle. Analysts suggest that the next potential targets are 25,670 (June 2025 high) followed by 25,800.
Ajit Mishra, SVP of Research at Religare Broking, emphasized that the banking index appears poised for a new record high ahead of earnings announcements from major banks and IT companies like Infosys. Traders are advised to follow a ‘buy on dips’ strategy, focusing on sector rotation and strong stock-specific setups.
Nifty gains driven by broad market breadth
The Nifty gains session also reflected solid market breadth. Out of 4,334 stocks on the BSE, 165 stocks reached their 52-week highs, while 92 stocks fell to their 52-week lows. Additionally, 228 scrips hit their upper circuits, and 162 touched their lower circuits, showing significant volatility and investor activity.
Experts indicate that sustained performance will depend on ongoing corporate earnings and global trade developments, which could provide further direction for both Sensex and Nifty in the coming sessions.
Sensex Rally fueled by optimism ahead of Diwali
The upcoming Diwali festival season often sees increased buying in the stock markets due to positive investor sentiment and cultural investment trends. Market participants expect continued momentum, driven by strong corporate results, capital inflows, and global market support.
With heavyweights like HDFC Bank, ICICI Bank, Axis Bank, Reliance, Kotak Mahindra, and M&M leading the rally, analysts remain optimistic that the Sensex rally could extend in the near term.
Nifty Gains outlook
Looking ahead, the Nifty gains trajectory will depend on several factors, including:
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Corporate Q2FY26 earnings, especially from IT and banking sectors
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Global macroeconomic cues, including US Fed decisions and currency trends
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Continued foreign institutional investor (FII) inflows and domestic investor sentiment
Experts recommend monitoring sector-specific opportunities while maintaining a long-term view on top-performing stocks, using dips as entry points.
Sensex Rally & Nifty Gains summary
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Sensex: 83,467.66, up 862 points (1.04%)
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Nifty50: 25,585.30, up 261.75 points (1.03%)
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Market Cap Gain: Rs 6 lakh crore in 2 trading sessions
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Top Contributors: HDFC Bank, Reliance, ICICI Bank, Kotak Mahindra, Axis Bank, M&M
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Sector Winners: Banks, FMCG, Realty, Auto
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52-week Highs: Bajaj Finance, SBI, Eternal
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