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Informist, Thursday, Oct. 16, 2025

 

By Simran Rede

 

MUMBAI – Led by rise in shares of banks and fast-moving consumer goods companies, the benchmark indices surged Thursday. The Nifty 50 hit an over-three-month high, rising over 25600 points for the first time since Jul. 2. Among bank stocks, Kotak Mahindra Bank was the biggest gainer, followed by Axis Bank, HDFC Bank and ICICI Bank.

 

Axis Bank Wednesday posted the sharpest fall in its net profit in 19 quarters in the September quarter due to a surge in its provisions because of deteriorating asset quality. However, barring the one-time provision of INR 12.30 billion, the bank's core earnings were stable as the growth in loans rose 170 basis points, its net interest income and net interest margin, and provisions were in-line with the Street's expectations, Prabhudas Lilladher Institutional Equities said in a report. The standard asset provision of Axis Bank will be written back to its profit and loss statement when all the outstanding loans in the two discontinued product variants are recovered or closed in the normal course or by Mar. 31, 2028. 

 

Appreciation of the rupee against the dollar added to the market optimism, analysts said. Sentiment was also positive after US President Donald Wednesday said India would stop buying crude oil from Russia. He cited Indian Prime Minister Narendra Modi as saying that India "can't immediately stop buying Russian oil, bit of a process, which will be over soon". Trump said this is a big stop after he had imposed punitive tariffs on India over its oil purchases from Russia. This has raised hopes of India reaching a trade deal with the US.

 

Investor sentiment in most Asian markets was also positive, with South Korea's Kospi leading the gains after optimistic comments by US Treasury Secretary Scott Bessent on a trade deal between the US and South Korea.

 

The Nifty 50 settled at 25585.30 points, up 261.75 points or 1%. The BSE Sensex ended at 83467.66 points, up 862.23 points or 1%. Only seven Nifty 50 constituents closed in the red. The Nifty 50 rose to an intraday high of 25625.40 points, which is just 44 points away from the high touched in 2025 and 652 points away from the all-time high touched in September 2024.

 

Barring Nifty PSU Bank, all sectoral indices gained, with Nifty FMCG leading the pack. All broader market indices closed higher but underperformed the benchmark peers. The Nifty Midcap 50 rose 0.5%. However, despite positive momentum in the market, the India Volatility Index rose 3.2% to 10.8650.

 

Nestle India surged nearly 5% and was the top gainer in the Nifty 50 after the company's September quarter profit and revenue beat analysts' estimates. Oberoi Realty rose over 5% and was the top gainer in the Nifty 200 after the real-estate company reported a sharp year-on-year increase in its consolidated revenue and net profit in the September quarter, beating analysts' estimates. Shares of BLS International rose 16.5%, leading the Nifty 500 gainers after the company received a contract from the foreign ministry to set up and operate visa application centres in China.

 

On the other hand, HDFC Life Insurance Co. fell 2.4% and was the worst-hit among Nifty 50 constituents after the company Wednesday reported modest growth in its September quarter earnings, which were impacted due to the removal of input tax credit for insurance companies. The company reported a decline in the value of new business margin in the September quarter, which led brokerages to cut their estimates for the company's margin in 2025-26 (Apr-Mar). KEI Industries fell nearly 6?ter the company posted marginally lower than expected revenue for the September quarter.

 

Rubicon Research closed at INR 628.20 on the National Stock Exchange. The stock had listed at INR 620, a near 28% premium to the issue price of INR 485. Canara Robeco Asset Management Co. closed at INR 300.45. It had listed at INR 280.25, a premium of 5% to the issue price of INR 266.

 

* Of the Nifty 50 stocks, 43 rose and 7 fell
* Of the Sensex stocks, 27 rose and 3 fell

* On the NSE, 1,814 stocks rose, 1,280 fell, and 98 were unchanged

* On the BSE, 2,378 stocks rose, 1,809 fell, and 147 were unchanged

* Nifty FMCG: up 2%; Nifty Realty: up 1.9%; Nifty PSU Bank: down 0.4%

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BSE                                                NSE

Sensex: 83467.66, up 862.23 points or 1%           Nifty 50: 25585.30, up 261.75 points or 1%

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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 Ashish Shirke

 

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