October 10 , 2025 : The Indian stock market opened on a strong note today, with benchmark indices maintaining steady gains amid positive global cues and sustained foreign investor interest. The BSE Sensex held firm with a lead of over 300 points, while the NSE Nifty50 traded comfortably above the 25,250 mark, supported by buying across key sectors including IT, banking, and pharmaceuticals.
At 11:00 a.m., the Sensex was up 322 points at 83,560, and the Nifty50 rose 96 points to 25,268, reflecting bullish sentiment among traders. Market participants attributed the uptrend to renewed optimism in the U.S. and European markets, improved foreign institutional inflows, and a stable Indian rupee.
Among the top performers, Redington Ltd, Tata Communications, and Natco Pharma were buzzing on the exchanges due to fresh institutional buying and strong quarterly expectations.
Redington Ltd saw its shares jump over 6% after reports indicated strong demand in the IT distribution segment and expectations of improved margins in the upcoming quarterly results. The company’s focus on digital infrastructure services and global expansion has continued to attract investor confidence.
Tata Communications also gained 4.5% amid reports of strategic partnerships in the cloud and cybersecurity segments. The company’s recent focus on enterprise-grade connectivity solutions and AI-driven digital services has positioned it well to benefit from increasing digital transformation trends across sectors.
Meanwhile, Natco Pharma surged 3.8% after announcing regulatory approval for a new generic oncology drug in the U.S. market. The approval marks another milestone for the company’s international portfolio and is expected to boost revenues in the coming quarters.
Across sectors, the Nifty IT index rose over 1.2%, led by gains in TCS, Infosys, and Tech Mahindra, while Nifty Pharma gained 0.8%. The Nifty Bank index remained steady as major lenders such as HDFC Bank, ICICI Bank, and Axis Bank traded with mild gains, reflecting stability in the financial sector despite recent rate fluctuations.
Analysts suggest that the ongoing rally is primarily driven by positive corporate earnings expectations, strong macroeconomic indicators, and increasing retail participation. “The domestic market continues to show resilience amid global uncertainty. India remains an attractive investment destination due to stable growth prospects and a strong earnings outlook,” said Rajesh Bhatia, Head of Research at MarketWise Securities.
Foreign Institutional Investors (FIIs) have also resumed buying after recent profit-booking phases. Data from the National Stock Exchange shows net FII inflows of nearly ₹1,200 crore over the past three sessions, signaling renewed confidence in India’s equity markets.
The rupee traded steady around ₹88.78 per U.S. dollar, with limited volatility despite mixed global currency movements. Commodity markets remained calm, with Brent crude oil trading near $86 per barrel, easing inflationary concerns for energy-dependent sectors.
Broader market indices mirrored the positive trend — the BSE Midcap and Smallcap indices rose around 0.6% each, indicating buying interest beyond the large-cap segment. Stocks such as Jubilant FoodWorks, Zydus Lifesciences, Cummins India, and Tata Elxsi also gained momentum on renewed institutional interest.
However, some profit-booking was observed in metal and energy stocks, with JSW Steel, Coal India, and ONGC trading marginally lower. Market experts believe that consolidation in these sectors is likely after recent strong rallies.
“Equity markets are showing a healthy consolidation phase. Short-term corrections are part of a sustainable upward trend, especially with corporate earnings season around the corner,” said Meera Doshi, Senior Market Analyst at BrightTrade Research.
On the macroeconomic front, India’s industrial output data and inflation figures scheduled for release later this week are expected to influence market direction. Economists forecast that industrial production will remain robust, supported by manufacturing and energy sector growth.
Global cues also remain supportive. U.S. markets ended higher overnight following stronger-than-expected corporate results and expectations that the Federal Reserve may hold interest rates steady. Asian markets, including Japan’s Nikkei and South Korea’s Kospi, traded positively, adding to investor optimism.
Market sentiment remains optimistic, though experts advise caution amid global uncertainties such as geopolitical tensions and fluctuating crude oil prices. Traders are keeping an eye on cues from global central banks, as any policy surprises could impact capital flows and currency stability.
For investors, analysts recommend a stock-specific approach with a focus on sectors showing earnings visibility, including IT, pharma, and financial services. “Short-term volatility may persist, but India’s long-term growth story remains intact,” said Sandeep Arora, Chief Market Strategist at TradeVision Global.
As trading continues, investors remain upbeat that the Sensex and Nifty50 will extend their gains through the session, provided global cues remain favorable and no sudden profit-booking occurs.
Summary
Sensex rose over 300 points and Nifty50 stayed above 25,250, driven by IT and pharma stocks. Redington, Tata Communications, and Natco Pharma led the gains amid positive market sentiment.