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Indian Stocks Extend Rally as Sensex Nears 82,000 and Nifty Tops 25,100

Heavy domestic institutional buying is propping up gains as investors position for Q2 earnings.

Overview

  • Benchmarks logged a third straight advance on Oct 6, with the Sensex up 583 points to 81,790 and the Nifty up 183 points to 25,077 led by IT and banking.
  • Early on Oct 7, the Sensex traded near 82,006 and the Nifty around 25,143, with technicians pointing to a potential Nifty test of 25,200–25,250 and a Bank Nifty breakout above 56,000.
  • Provisional data showed DIIs bought about Rs 5,036 crore on Oct 6 as FIIs sold roughly Rs 314 crore, helping sustain the uptrend.
  • IT headlines included LTIMindtree securing its largest multi‑year strategic deal with a global media and entertainment company and HCLTech joining the MIT Media Lab to collaborate on AI and quantum research.
  • Stock‑specific catalysts featured Zydus Lifesciences winning Health Canada clearance for Liothyronine, Bank of India reporting 11.8% YoY global business growth, Brigade inking a West Chennai JDA worth about Rs 1,000 crore in GDV, and Dilip Buildcon’s JV receiving an LoA for a 100 MW solar project for Madhya Pradesh Jal Nigam.