Markets Rebound as Sensex Climbs 398 Points; IT, Reliance Lead the Rally
Mumbai, Oct 9, 2025 — After a dip in the previous session, Indian stock markets made a strong comeback on Thursday, buoyed by gains in IT majors and heavyweight Reliance Industries. Positive cues from global markets and fresh foreign fund inflows helped restore investor confidence.
The BSE Sensex surged 398.44 points (0.49%) to close at 82,172.10, while the NSE Nifty 50 jumped 135.65 points (0.54%) to settle at 25,181.80. During the day, the Sensex had climbed as much as 474 points before settling slightly lower.
IT Stocks Shine Ahead of Earnings Season
Investor optimism ahead of Q2 results drove IT stocks higher. Companies like TCS, Infosys, HCL Tech, and Tech Mahindra were in the green throughout the session.
TCS, India’s largest IT services firm, announced its second-quarter results after market hours, reporting a 1.39% rise in consolidated net profit at ₹12,075 crore and a 2.39% increase in revenue at ₹65,799 crore.
“Despite muted expectations for the IT sector this quarter, investors appear optimistic due to attractive valuations that are still below long-term averages,” said Vinod Nair, Head of Research at Geojit Financial Services.
Metals, Reliance Drive Broader Market Gains
Tata Steel led the Sensex gainers with a 2.65% jump, following news of a 7% rise in domestic crude steel production. Reliance Industries, another market heavyweight, added 0.78%, further supporting the market’s rebound.
- Other key gainers included HCL Tech, UltraTech Cement, Bharat Electronics, Sun Pharma, and Infosys.
- On the flip side, stocks like Axis Bank, Titan, Maruti Suzuki, and Tata Motors were among the few laggards of the day.
Broader Market and Sectoral Performance
The broader markets mirrored the positive sentiment, with the BSE Midcap index rising 0.75% and the Smallcap index gaining 0.18%.
All sectoral indices ended in the green, with the Metal index outperforming, up 2.16%, followed by Commodities (1.34%), IT (1.02%), Healthcare (0.84%), and Capital Goods (0.78%).
According to BSE data, 2,099 stocks advanced, 2,080 declined, and 171 remained unchanged, reflecting a relatively balanced trading session.
FIIs Turn Buyers, Oil Prices Stable
Foreign Institutional Investors (FIIs) were net buyers, purchasing equities worth ₹81.28 crore on Wednesday, indicating growing confidence in the domestic market despite global uncertainties.
Meanwhile, Brent crude prices edged slightly lower by 0.23%, trading at $66.08 per barrel, offering some relief to markets amid inflationary concerns.
Outlook
With the earnings season picking up and macroeconomic indicators showing resilience, investors are cautiously optimistic. Market watchers suggest that sustained foreign inflows, steady corporate results, and stable global trends could continue to support the bullish undertone in the short term.