The S&P BSE Sensex rose 398.44 points, or 0.49%, to close at 82,172.10, and the NSE Nifty 50 gained 135.65 points, or 0.54%, to end at 25,181.80.
This is how analysts read the market pulse:
The domestic market posted gains amid Q2 results, while metal indices showed outperformance led by a rise in base metal prices, said Vinod Nair, head of research at Geojit Investments, adding that “the earnings season for Q2 2026 is expected to be modest due to subdued expectations for sectors such as financials and export-oriented sectors such as IT and the pharmaceutical industry. However, the overall climate is expected to reverse sharply in the coming years. H2FY26, aided by a recovery in domestic demand.”
“Despite muted earnings expectations, the IT index rose as investors took comfort in attractive valuations – currently below the long-term average – and constructive long-term prospects, supported by signs of recovery in the US economy,” Nair said.
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American markets
Wall Street’s major indexes fell lower on Thursday after Fed Chairman Jerome Powell gave no new policy signals, leaving investors to rely on older data to shape sentiment.
While markets have priced in aggressive rate cuts on hopes the Fed will prioritize labor market support, minutes from the central bank’s September meeting released on Wednesday show inflation concerns persist.
Investors will also hear remarks from other Fed speakers, including Governor Michael Barr and San Francisco Fed President Mary Daly.
European markets
European shares fell on Thursday, dragged down by steep losses in HSBC and Ferrari, knocking the STOXX from its record high, as investors remained wary of rising political unrest in France.
The pan-European STOXX 600 closed 0.4% lower, coming off its record high of the last session.
Shares of Ferrari fell to their worst single-day decline on record, closing at their lowest level since April, after disappointing long-term financial targets blunted investor enthusiasm and stole the spotlight from the luxury Italian carmaker’s electric debut.
Auto stocks posted their worst daily performance since March, with Michelin also worsening the blow. The French tire maker lost 3.8% after indicating that sales volumes would fall in the third quarter compared to the previous year.
Shares of HSBC fell 5.4%, the biggest drag on the STOXX, after the British lender said it plans to buy out minority shareholders in its Hang Seng Bank subsidiary in a deal worth about $13.6 billion.
Technical view
The market resumed its upward momentum after a brief lull in the previous session with the Nifty index forming a bullish candle on the daily chart, said Nilesh Jain, Head of Technical and Derivatives Research at Centrum Broking. He added that the index found support at the 21-day moving average near 25,000, but again encountered resistance around the 25,200 level.
“A decisive break above 25,200 could open the door for a new part of the rally, potentially leading to short covering and a quick move towards 25,350. Momentum indicators and oscillators on the daily chart remain firmly in buy mode, suggesting that any dip is likely to attract buying interest. Immediate support has now shifted higher towards 25,000, and as long as the index remains above this level, it appears there appears to be a move towards 25,400 in the October range. probably,” Jain said.
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Most active stocks in terms of turnover
Hindustan Copper (Rs 951 crore), Tata Investment (Rs 595 crore), Tata Steel (Rs 594 crore), Netweb Technologies (Rs 568 crore), PG Electroplast (Rs 526 crore), Tata Motors (Rs 424 crore) and Prestige Estate (Rs 383 crore) were among the most active stocks by value on BSE. Higher activity in a counter in terms of value can help identify the counters with the highest trading turnover per day.
Most active stocks by volume
Vodafone Idea (shares traded: Rs 29.48 crore), Tata Steel (shares traded: Rs 3.36 crore), Hindustan Copper (shares traded: Rs 29.48 crore), YES Bank (shares traded: Rs 2.65 crore), Suzlon Energy (shares traded: Rs 1.98 crore), SAIL (shares traded: Rs 1.27 crore) and Adani Power (Shares traded: 1.02 crore) was among the most actively traded stocks in volume terms on NSE.
Stocks that show buying interest
Shares of PG Electroplast, Hindustan Copper, Jindal Saw, Gujarat Mineral Development, Usha Martin, Granules India and Aurobindo Pharma were among the stocks that witnessed strong buying interest from market participants.
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52 Week High
More than 155 stocks hit their 52-week highs today, while 149 stocks fell to their 52-week lows. Tata Steel and Eternal were among those that hit 52-week highs.
Stocks see selling pressure
Stocks that witnessed significant selling pressure were Netweb Technologies, ITI Ltd, Hyundai Motor India, Jyoti CNC Automation, Redington, Orient Refractories and Ola Electric Mobility.
Sentiment meter neutral
Market sentiment was neutral. Of the 4,350 shares traded on the BSE on Thursday, 2,191 shares saw a decline, 2,009 rose, while 150 shares remained unchanged.
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(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)
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