Overview

• Sensex closed at 82,501, up 329 points (0.4%), after hitting an intraday high of 82,654, while Nifty settled near 25,285 after touching 25,331.
• Buying was strongest in pharma and banking, market breadth improved with mid- and small-caps advancing, and the Nifty PSU Bank index led sectoral gains as IT and Metal lagged.
• Tata Communications jumped more than 10% within the midcap cohort, marking its best intraday gain in 11 months.
• Analysts said Nifty has broken out of a recent consolidation, with near-term upside levels flagged around 25,500–25,550 and support near 25,150.
• Earnings from major IT and banking names are due next week, key CPI and WPI releases are on deck, Powell speaks Tuesday, and the Rs 451 crore Midwest Ltd. IPO opens Oct. 15 with a Rs 1,014–1,065 price band.