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Nifty Reclaims 25,000 as Sensex Jumps 583 Points on IT and Bank Strength

Attention shifts to Q2 results this week, with Tata Capital’s IPO seen as a key sentiment gauge.

Overview

  • The Nifty 50 closed up 183 points at 25,078 after briefly topping 25,050, while the Sensex added 583 points to finish at 81,790 in a third straight advance.
  • IT and financials led the move, with TCS and Tech Mahindra up about 3% and the Bank Nifty closing at 56,104, outpacing the benchmarks.
  • Tata Capital’s Rs 15,512 crore IPO opened for subscription, combining a fresh issue and an offer for sale from Tata Sons.
  • Earnings season begins October 9, with Tata Consultancy Services and Tata Elxsi set to report and potentially set the near‑term market tone.
  • Foreign investors remained net sellers in recent sessions as domestic institutions bought, while the US government shutdown and upcoming FOMC minutes were flagged as near‑term volatility risks alongside record gold and firmer oil prices.