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Informist, Thursday, Oct. 9, 2025

 

By Gopika Balasubramanium

 

MUMBAI – Gains in shares of metal and information technology companies helped the benchmark indices close higher Thursday. The broader market indices also ended with significant gains. The market rose after Wednesday's dip when investors took profits ahead of the start of the September quarter earnings. Before Wednesday, the benchmark indices had risen for four straight sessions.

 

The Nifty 50 closed at 25181.80 points Thursday, up 135.65 points or 0.5%. Sharp gains in heavyweight Reliance Industries offset the weakness in HDFC Bank. Only eight Nifty 50 constituents closed in the red. For the 50-stock index, it was a case of so near but not quite there for the third time as it failed to close above 25200 points. The BSE Sensex closed at 82172.10 points, up 398.44 points or 0.5%. All the sectoral indices also closed in positive territory.

Analysts see the September quarter earnings being similar to or only slightly better than the results for the June quarter. They are optimistic, however, of improvement in the numbers in the quarters to follow, driven by demand induced by the cut in goods and services tax. However, there are also views that the GST cut would not offset the damage caused by the US tariffs. According to an Informist Poll of 13 brokerages, 47 of the Nifty 50 companies are likely to report single-digit growth in sales for the September quarter, the tenth straight quarter of such poor growth. The net profit of these companies is seen growing 4.6% on year.

 

Mid- and small-cap indices also gained Thursday, with the mid-cap indices outperforming both the small-cap and headline indices. The Nifty Midcap 50 closed 1% higher driven by 3-5% rise in Aurobindo Pharma, Prestige Estates Projects, and BSE. The small-cap indices gained 0.3-0.8%.

 

Investors primarily bought shares of metal companies Thursday, especially of JSW Steel and Tata Steel, which both rose 2.6%. Analysts expect the steel manufacturers to report strong growth in net profit driven mainly by robust domestic demand, higher volumes, and lower prices of coking coal, a key raw material for the industry. The Nifty Metal gained the most among sectoral indices, with all its constituents except Welspun Corp. closing higher. The index hit its highest level in 2025 at 10356.20 points earlier in the day.

 

Information technology companies were also in focus ahead of the September quarter earnings of TCS. Large-caps such as HCL Technologies, Tech Mahindra, TCS, Infosys, and Wipro ended the day broadly 1-2% higher. All constituents of the Nifty IT closed higher. 

 

The Tata Group-owned IT bellwether TCS kicked off the September quarter earnings season with its results Thursday. The company reported a net profit of INR 120.75 billion, lower than expectations of INR 125.85 billion. At INR 657.99 billion, however, the company's sales was higher than expectations of INR 651.44 billion. Its total contract value for the quarter ended September was $10.0 billion, slightly better than $9.4 billion in the June quarter but lower than $12.2 billion in the March quarter.

 

The IT company cancelled its post-earnings press conference as the results were announced on the first death anniversary of Ratan Tata, former chairman of Tata Sons. However, the post-earnings investor call will take place as scheduled at 1900 IST.

 

Shares of most pharmaceutical companies rose Thursday, with Aurobindo Pharma, Lupin, and Piramal Pharma gaining 2-5%. Large-caps such as Sun Pharmaceutical Industries and Cipla closed 1.7% and 1.2% higher, respectively. This was likely following reports that the the US administration is not planning to levy tariffs on generic drugs. This comes after the US government decided to temporarily freeze its 100% tariff on branded and innovative pharmaceutical products last week. "The administration is not actively discussing imposing Section 232 tariffs against generic pharmaceuticals," White House spokesman Kush Desai was quoted as saying by The Wall Street Journal.

 

* Of the Nifty 50 stocks, 42 rose and 8 fell
* Of the Sensex stocks, 24 rose and 6 fell

* On the NSE, 1,600 stocks rose, 1,492 fell, and 99 were unchanged

* On the BSE, 2,099 stocks rose, 2,080 fell, and 171 were unchanged

* Nifty Metal: up 2.2%; Nifty IT: up 1.1%; Nifty Media: up 0.1%

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BSE                                               NSE

Sensex: 82172.10, up 398.44 points or 0.5%      Nifty 50: 25181.80, up 135.65 points or 0.5%

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S&P BSE Sensitive Index	Nifty 50
Lifetime High: 85978.25 (Sept. 27, 2024)	: Lifetime High: 26277.35 (Sept. 27, 2024)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26216.05 (Sept. 26, 2024)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 84058.90 (Jun. 27)	: 2025 Closing High: 25637.80 (Jun. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 84099.53 (Jun. 30)	: 2025 High (intraday): 25669.35 (Jun. 30)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

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End

 

Edited by Rajeev Pai

 

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