Sensex Soars 575 Points, Investors Wealthier by ₹4 Lakh Crore as Markets Hit One-Month High

On Wednesday, October 15, the Indian stock market snapped a two-day losing streak with a powerful rally, propelling the Sensex and Nifty 50 to their highest levels in a month. The Sensex jumped 575 points, or 0.70 percent, to close at 82,605.43, while the Nifty 50 settled at 25,323.55, up 178 points, or 0.73 percent. This robust upswing added a staggering ₹4 lakh crore to the overall market capitalisation of BSE-listed firms, which now stands at nearly ₹464 lakh crore, bringing cheer to investors ahead of the festive Diwali season.

Global Winds Fill the Market’s Sails

The primary catalyst for Wednesday’s surge was a positive shift in global sentiment. Comments from US Federal Reserve Chair Jerome Powell, who pointed to a softening labour market despite overall economic resilience, solidified investor expectations for upcoming interest rate cuts. The market is now widely anticipating a 25-basis-point cut at the Fed’s October meeting, with the potential for another in December. Lower interest rates in the US typically make high-growth emerging markets like India more attractive to foreign investors, leading to increased capital inflows.

This optimism was reflected across global indices. In Asia, South Korea’s Kospi jumped more than 2 percent, while Japan’s Nikkei and Hong Kong’s Hang Seng also posted gains of nearly 2 percent. European markets followed suit, with France’s CAC 40 leading the charge with an impressive gain of over 2 percent. This synchronized global upmove provided a perfect backdrop for domestic equities to thrive.

Broad-Based Buying Lifts All Boats

The day’s gains were not confined to a few heavyweight stocks. The rally was notably broad-based, with significant participation from mid-cap and small-cap segments. The BSE Midcap index outperformed the frontline indices, rising 1.07 percent, and the BSE Smallcap index gained a healthy 0.78 percent. This widespread buying indicated a strong underlying bullish sentiment across the market spectrum.

Sectoral performance further underscored the breadth of the rally. The Nifty Realty index was the undisputed star of the day, clocking a stellar gain of 3.04 percent. The Nifty PSU Bank index also impressed, rising 1.67 percent, while the Metal and FMCG indices each advanced by about 1 percent. Even the banking heavyweights joined the party, with the Nifty Bank rising 0.54 percent and the Nifty Financial Services index gaining 0.91 percent, providing a solid foundation for the market’s upward move.

Stock-Specific Action: Winners and Losers

Delving into individual stocks provides a clearer picture of the day’s dynamics. On the Nifty 50 index, as many as 38 stocks ended the session in the green. The top gainers were led by Bajaj Finance, which surged 4.07 percent. It was closely followed by Nestle India, which rose 3.98 percent, and Bajaj Finserv, which gained 3.14 percent. Other notable performers included Jio Financial Services and HDFC Life, which also contributed significantly to the index’s upward trajectory.

However, not all stocks shared in the day’s gains. The IT sector showed some weakness, with Infosys ending as the top loser, down 1.04 percent. Bajaj Auto and Tata Motors also found themselves among the laggards, declining 0.96 percent and 0.90 percent, respectively. This selective profit-taking in certain pockets highlighted that while the sentiment was overwhelmingly positive, it was not entirely universal.

The broader market witnessed even more dramatic moves. A total of 28 stocks on the BSE skyrocketed by more than 10 percent. Among them were names like Genesys International Corporation, Tatva Chintan Pharma, and Kretto Syscon. This frenzy was not just about new highs; Vodafone Idea was the most actively traded stock by volume, with a staggering 76 crore shares changing hands, reflecting heightened speculative interest.

Market Breadth and Momentum Indicators

The internal market health was robust. The advance-decline ratio, a key indicator of market breadth, leaned heavily in favour of the bulls. Out of 4,326 stocks traded on the BSE, 2,503 advanced, while only 1,659 declined, with 164 remaining unchanged. This positive ratio of nearly 1.5:1 confirmed that the buying interest was widespread and not just driven by a handful of index heavyweights.

Further reinforcing the strong bullish undercurrent was the list of stocks hitting fresh milestones. Nearly 150 stocks scaled their 52-week highs during intraday trade. This illustrious list included Bajaj Finance, Canara Bank, Cholamandalam Investment and Finance Company, L&T Finance, Bank of Maharashtra, and Tata Communications. Conversely, the market also saw 137 stocks, including Godrej Agrovet and Vedant Fashions, tumbling to their 52-week lows, illustrating the divergent paths of individual securities even in a rising market.

Technical Outlook: Path Ahead for Nifty

Market analysts have turned optimistic following this decisive upmove. According to technical experts, the Nifty 50 has not only recovered its recent losses but also looks poised to retest a crucial trendline resistance near the 25,450 level. A decisive breakout above this hurdle could potentially open the doors for a further rally towards 25,650 and beyond in the near term.

Analysts at Religare Broking maintained a bullish bias and continue to advocate a ‘buy on dips’ approach as long as the index holds above the 25,000 support zone. The formation of a bullish candle on the daily chart, which negated the bearish pattern from the previous session, signals a continuation of the positive momentum. The immediate support for the Nifty is now seen in the 25,000–25,100 zone, which coincides with key moving averages. As long as the index sustains above this support band, the short-term outlook is expected to remain positive.

The Bigger Picture: Festive Cheer and Economic Tailwinds

The timing of this market upswing is particularly significant, coinciding with the onset of the festive season, culminating in Diwali. Historically, the period around Diwali has been a positive one for Indian equities, often marked by the tradition of Muhurat trading, which symbolizes a propitious beginning to the new financial year. The current momentum, driven by a combination of global liquidity hopes and domestic resilience, sets a hopeful tone for Samvat 2082.

Beyond the immediate triggers, the Indian market is being supported by strong structural tailwinds. A recent report highlighted that private equity and venture capital investments in India have touched a three-year high of $26 billion in the first nine months of 2025. This surge in deal activity, with a notable increase in mid-size transactions, underscores renewed global confidence in India’s long-term economic trajectory. Factors such as strong agricultural output, a robust monsoon, and a revival in consumer demand during the festive season are creating a fertile environment for growth.

Investment managers on platforms like smallcase believe India is stepping into a new growth cycle. They point to a supportive mix of potential rate cuts, the implementation of GST 2.0 reforms, and improving domestic liquidity. With the festive calendar in full swing and macro stability, this confluence of factors could potentially make this one of the most promising quarters for the market in recent years. Sectors like microfinance, consumer discretionary, and public sector banks are seen as key beneficiaries of this emerging trend.

A Day of Mixed Corporate News

While the market celebrated, the corporate earnings season continued to deliver a mixed bag of results. On one hand, companies like Persistent Systems saw their shares jump over 7 percent after reporting a 45 percent rise in quarterly profit, driven by strong AI-led growth. On the other hand, Tata Communications reported a 19 percent fall in profit as rising costs offset growth in its data business, though its shares still managed to trade higher. Axis Bank reported a 26 percent drop in its Q2 profit due to higher provisions for bad loans, reminding investors that sector-specific challenges persist.

In other corporate developments, LG Electronics India, recently in the spotlight after its market debut, saw its shares trade flat after initial excitement. Meanwhile, Tata Motors continued to trade in focus following its recent demerger, with its commercial and passenger vehicle entities finding their footing in the market.

A Resurgent Optimism

In summary, Wednesday, October 15, marked a strong and significant recovery for the Indian equity markets. The rally, fueled by global optimism around interest rates and bolstered by broad-based domestic buying, helped the key indices reclaim one-month highs. The impressive addition to investor wealth, coupled with strong market breadth and a positive technical setup, paints a picture of resurgent optimism.

As the country gears up for Diwali, the market’s buoyant mood offers a welcome festive gift to investors. While challenges and stock-specific volatilities remain, the overarching narrative is one of resilience and growth. The combination of supportive global cues, healthy domestic economic indicators, and the seasonal festive tailwind suggests that the markets are well-positioned to carry this momentum forward, provided there are no negative surprises on the global or domestic geopolitical front. For now, the bulls are firmly in control, advocating a strategy of buying on dips with a watchful eye on key resistance levels.

Sensex Soars 575 Points, Investors Wealthier by ₹4 Lakh Crore as Markets Hit One-Month High

Leave a Reply Cancel reply