The Indian stock market started the week on a strong note, with benchmark indices rallying for the third consecutive session on Monday. A broad-based rally, led by significant gains in the IT, banking, and healthcare sectors, propelled the Nifty 50 to reclaim the crucial 25,000 mark. The positive sentiment was driven by strong quarterly business updates from financial institutions and growing anticipation ahead of the Q2 earnings season.
The S&P BSE Sensex surged 582.95 points (0.72%) to close at 81,790.12. The NSE Nifty 50 also saw a substantial rise, climbing 183.40 points (0.74%) to end the day at 25,077.65.
Key Market Highlights
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Sensex: Gained 583 points to close at 81,790.12.
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Nifty 50: Ended the session above the 25,000 level.
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Market Sentiment: The market mood was bullish, with buying seen across most major sectors. However, the market breadth was negative, with 1,715 shares advancing against 2,370 declining, indicating that the rally was led by heavyweight stocks.
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Broader Markets: The broader markets showed a mixed trend. The BSE Midcap index rose by 0.7%, while the Smallcap index ended marginally lower.
Top Gainers and Losers
Gains were led by hospital, IT, and financial stocks, while the metal sector faced selling pressure.
| Top Gainers |
Top Losers |
| Max Healthcare |
Tata Steel |
| Shriram Finance |
Adani Ports |
| Apollo Hospitals |
Power Grid |
| Tata Consultancy Services (TCS) |
ITC |
| Tech Mahindra |
NTPC |
Sectoral Performance
IT, healthcare, and private banking were the standout performers of the day.
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Top Gainers: The Nifty IT index was the top gainer, surging by 2%. The Nifty Private Bank and Nifty Healthcare indices also saw strong gains of 1.2% and 1%, respectively.
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Top Losers: The Nifty Metal and Nifty Media indices were the main laggards, ending with losses of around 0.9% each.
Major News and Market Movers
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Hospital Stocks Surge on CGHS Rate Hike: The healthcare sector, particularly hospital stocks, saw a major rally. Max Healthcare was the top Nifty gainer, surging 6.34%, followed by Apollo Hospitals. The rally was fueled by the Union Health Ministry's decision to revise the Central Government Health Scheme (CGHS) rates for nearly 2,000 medical procedures for the first time in over a decade.
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IT Stocks Gain Ahead of Q2 Results: The IT sector saw strong buying interest ahead of the Q2 earnings season, which kicks off this week with Tata Consultancy Services (TCS) set to announce its results on October 9. TCS shares jumped nearly 3%.
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Financials Gain on Strong Updates: Banking and financial stocks continued their upward momentum after several major players, including HDFC Bank and Bajaj Finance, reported strong loan growth and assets under management (AUM) for the September quarter. Shriram Finance gained 4% after providing a healthy business update.
Q2 Results Update
While the full-fledged earnings season is yet to begin, some companies did announce their results for the quarter ended September 2025.
Global Market Summary
Global markets were mixed as investors monitored developments from the U.S.
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Global Stocks: Asian markets showed a mixed trend, while U.S. stock futures were flat. Investors are looking ahead to the release of the Federal Open Market Committee (FOMC) minutes from its September meeting, which are scheduled for October 8.
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Currency: The Indian rupee ended flat at 88.79 per dollar.
Frequently Asked Questions (FAQs)
Why did the stock market rally today?
The market's rally was driven by strong buying in the heavyweight IT, banking, and healthcare sectors. Positive business updates from financial companies, anticipation of a good earnings season for IT, and a favourable policy change for hospitals boosted investor sentiment.
Which stocks were the top performers and why?
Hospital stocks like Max Healthcare and Apollo Hospitals were the top performers, surging on the news of a long-awaited revision in CGHS rates. IT stocks like TCS also gained ahead of their Q2 results.
What is the key domestic event investors are watching this week?
The most significant domestic event is the start of the Q2 earnings season, with IT major TCS scheduled to release its results on October 9. This will set the tone for the earnings season and will be closely watched by investors.