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1h ago

Nifty Hits One-Year High, Sensex Closes Near 84,000 on Bank Rally and Earnings Optimism

Institutional buying plus banking strength signaled confidence ahead of heavyweight results.

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A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 16, 2025. REUTERS/Jeenah Moon
Traders work on the trading floor at the opening of the markets at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., February 27, 2017. REUTERS/Andrew Kelly
A cameraman works in front of the Tata Technologies logo during a press conference announcing a joint venture between Tata Technologies and BMW Group, in Mumbai, India, October 8, 2024. REUTERS/Francis Mascarenhas

Overview

  • India’s benchmarks extended gains on Oct 17, with the Nifty 50 closing at 25,709.85 and the Sensex at 83,952.19, up about 1.7% for the week and roughly 2.5% below 2024 record highs.
  • Bank Nifty set a fresh peak near 57,830 as HDFC Bank and ICICI Bank advanced ahead of Saturday’s earnings and Reliance Industries rose before results due after Friday’s close.
  • Provisional NSE data showed net equity purchases on Thursday by foreign investors of Rs 997.29 crore and by domestic institutions of Rs 4,076.20 crore, bolstering sentiment.
  • IT shares underperformed as Wipro fell about 5% and Infosys declined roughly 2% following mixed Q2 prints and cautious revenue guidance from the sector.
  • Global cues stayed fragile with renewed US–China trade tensions and fresh concerns over US regional banks weighing on risk appetite and keeping volatility elevated.