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The Indian stock market saw healthy buying on Friday, October 10, with the benchmarks- the Sensex and the Nifty 50- extending gains to the second consecutive session amid mixed global cues.

The Sensex rose 329 points, or 0.40 per cent, to close at 82,500.82, while the Nifty 50 settled at 25,285.35, up 104 points, or 0.41 per cent. Gains were broad-based as the BSE Midcap and Smallcap indices rose 0.36 per cent and 0.59 per cent, respectively.

The overall market capitalisation of BSE-listed firms rose to nearly ₹462 lakh crore from ₹460 lakh crore in the previous session, making investors richer by about ₹2 lakh crore in a single session.

Market benchmarks rose for the second consecutive session on optimism that a potential trade deal between India and the US could be near.

As Mint reported, Prime Minister Narendra Modi on Thursday, 9 October, spoke with US President Donald Trump to congratulate him on the Gaza peace plan. During the conversation, PM Modi said, the two leaders also reviewed ongoing trade negotiations, noting “good progress”.

Earlier, on Tuesday, 7 October, news agency PTI reported that Union Minister for Commerce and Industry Piyush Goyal stated that India and the US are continuing their dialogue on the proposed bilateral trade agreement (BTA), including the possibility of meeting the November 2025 deadline.

Moreover, foreign institutional investors (FIIs) have been buying Indian equities in the cash segment since October 7. This is also influencing domestic market sentiment.

As many as 35 stocks ended higher in the Nifty 50 index, with Cipla (up 3.63 per cent), SBI (up 2.22 per cent), and Maruti Suzuki India (up 1.88 per cent) as the top gainers.

Shares of Tata Steel (down 1.46 per cent), TCS (down 1.10 per cent), and HDFC Life Insurance Company (down 0.74 per cent) ended as the top losers in the index.

Barring Nifty Metal (down 0.91 per cent) and IT (down 0.05 per cent), all sectoral indices ended higher.

Nifty PSU Bank (up 1.67 per cent), Realty (up 1.67 per cent), Pharma (up 1.29 per cent), Healthcare (up 1.02 per cent).

Nifty Bank and Financial Services indices rose 0.74 per cent and 0.44 per cent, respectively.

(This is a developing story. Please check back for fresh updates.)

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stories by Nishant Kumar

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

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