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Informist, Friday, Oct. 10, 2025

 

By Gopika Balasubramanium

 

MUMBAI – Benchmark equity indices closed with extended gains on Friday, mainly driven by a rise in shares of financial services companies and some automobile makers. However, a fall in metal stocks capped gains in the indices. Large-cap information technology stocks were mixed, with Tata Consultancy ending in the negative territory after some broking firms expressed concerns that the return on equity of the company's proposed data centre is likely to be lower than its core business.

 

The Nifty 50 closed Friday's session at 25285.35 points, up 103.55 points or 0.4%. The 50-stock index crossed and closed above the hurdle of 25200 points, near which it had faced strong resistance in the last three trading sessions. Analysts had said that if the index manages to cross this hurdle, the next target would be 25400 points. The BSE Sensex closed at 82500.82 points, up 328.72 points or 0.4%. 

 

This week, the Nifty 50 and the BSE Sensex have gained 1.6?ch. The market sentiment has been positive since the Reserve Bank of India adopted a dovish stance and implemented supportive measures to expand lending opportunities. An above-normal monsoon also added to the upbeat sentiment. The Indian stock market largely shrugged off the shutdown of the US government.

 

Meanwhile, data released by the Association of Mutual Funds in India showed that inflows to open-ended equity funds in September moderated for the second straight month to INR 304.22 billion, even as retail-led systematic investment inflows increased to INR 293.61 billion. Within equity, mid-cap and small-cap funds attracted more inflows than the large-cap ones. 

 

That said, analysts shrugged off the sell-off of equities by foreign investors due to continued investments from the domestic investors. So far in October, foreign investors were net sellers to the tune of INR 6.72 billion. Infusion of funds from foreign portfolio investors is expected to remain volatile, analysts said. 

 

TCS was in focus on Friday, especially after its earnings for the September quarter. The company said it will set up an artificial intelligence data center in India with a capacity of one gigawatt. Meanwhile, during the post-earnings analysts call, management said the company will release middle- and senior-level employees who cannot find a suitable role based on their seniority. 

 

Brokerages were not entirely optimistic about the IT major's foray into the data centre business. Some brokerages expressed concern over the lower return on equity resulting from the investment in the data centre. "It is unclear to us how the ROEs (return on equities) of this business will be similar to the existing business RoE of 50% given it is capex-heavy nature with IRRs at 20%," Nomura said. Nuvama Institutional Equities said the return on capital employed of the data centre business will be lower than its core business. The company's revenue beat analysts' estimates in the Jul-Sept quarter, but its net profit missed expectations.

 

Information technology stocks ended mixed. TCS and Tech Mahindra closed 0.6-1.1% lower, while Infosys, HCL Technologies, and Wipro ended 0.4-0.9% higher. The Nifty IT ended 0.1% lower.

 

Investors sold shares of metal companies on Friday. Tata Steel closed 1.5% lower and was the worst hit among the Nifty 50 constituents. JSW Steel also ended the session in the red. Hindustan Copper, Steel Authority of India, and Hindustan Zinc closed 2.7-5.4% lower. Analysts are optimistic on the September quarter earnings of the metal companies, but investors may have booked profits with the Nifty Metal touching a lifetime high just Thursday. Friday, the sectoral index closed 0.9% lower at 10261.55 points. 

 

Shares of pharmaceutical companies rose Friday following media reports that the US Senate passed the Biosecure Act, which aims to prohibit federal agencies from giving contracts for biotech equipment or services to companies originating from China. This is seen as positive for the domestic contract development and manufacturing companies, as the orders from the US may be redirected to them. Divis Laboratories, Cipla, and Piramal Pharma ended 2.0-5.6% higher.    

 

* Of the Nifty 50 stocks, 37 rose and 13 fell
* Of the Sensex stocks, 22 rose and 8 fell

* On the NSE, 1,890 stocks rose, 1,164 fell, and 97 were unchanged

* On the BSE, 2,474 stocks rose, 1,706 fell, and 163 were unchanged

* Nifty Realty: up 1.7%; Nifty PSU Bank: up 1.7%; Nifty Metal: down 0.9%

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BSE                                               NSE

Sensex: 82500.82, up 328.72 points or 0.4%        Nifty 50: 25285.35, up 103.55 points or 0.4%

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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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Edited by Saji George Titus

 

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