Nifty 50 closed at 25,185.05, up by 138.90 points (0.55%). Bank Nifty closed at 56,184.05, up by 165.10 points (0.29%). Sensex closed at 82,173.47, up by 400.06 points (0.49%).
Among sectors, pharma, oil & gas, realty, metal, PSU Bank IT, rise 0.5-1%. BSE Midcap index up 0.6%, while the smallcap index is trading flat. HCL Technologies, JSW Steel, Tata Steel, SBI Life Insurance, Interglobe Aviation are among major gainers on the Nifty, while losers are Tata Motors, Axis Bank, Maruti Suzuki, Titan Company and Bharti Airtel.
US Markets
- Dow Jones Futures zoomed by 32.00 points, up by 0.068%, currently trading at 46,898.00 as of October 9, 2025.
European Markets
- FTSE 100 (UK) decreased by 40.17 points, down by 0.42%, standing at 9,508.76.
- CAC (France) increased by 19.91 points, up by 0.25%, at 8,079.66.
- DAX (Germany) increased by 65.30 points, up by 0.27%, at 24,662.09.
Global events/updates
China’s move to expand rare earth export restrictions marks a strategic step to protect its technological edge and resources. By tightening controls on materials and intellectual property, Beijing strengthens its leverage ahead of a possible Trump-Xi meeting. This escalation signals rising geopolitical tension and could impact global tech and defense supply chains.
HSBC’s shares dropped 6% after proposing to privatize its Hong Kong unit, Hang Seng Bank, even as Hang Seng’s stock surged. The move dragged European bank stocks lower. Meanwhile, SoftBank’s shares soared 13% on its $5.4 billion ABB robotics deal. U.S. markets stayed strong, with the S&P 500 and Nasdaq hitting record highs.
President Macron faces pressure to appoint a new prime minister capable of bridging political divides and steering France through its fiscal challenges. The incoming PM must balance budget cuts and tax hikes while addressing high debt levels. Macron hopes to protect his key reforms, including the controversial pension changes, amid rising political and economic uncertainty.
The IMF and Bank of England have warned that soaring AI-related stock valuations could signal an emerging market bubble. With massive industry spending and investor enthusiasm driving prices up, experts caution that a sharp correction may follow. Analysts suggest the AI market is already in the middle stage of a potential speculative bubble.
OpenAI has expanded its affordable ChatGPT Go plan to 16 more Asian countries, reaching 18 in total. Priced much lower in markets like India and Indonesia, the plan aims to boost accessibility. OpenAI noted that by May 2025, chatbot adoption in lower-income nations grew over four times faster than in wealthier countries.
Stock news
Bharat Petroleum Corporation Limited (BPCL) – Up 1.17%
The Andhra Pradesh government has approved BPCL’s proposal to set up a greenfield refinery and petrochemical complex near Ramayapatnam Port, Nellore. The project involves an investment of ₹96,862 crore and will operate at a capacity of 9–12 MMT per year. Around 6,000 acres have been allocated, including 3,352 acres for the core refinery area and 1,127 acres for a green belt.
MosChip Technologies
MosChip launched AgenticSky, a suite of Agentic AI accelerators aimed at helping OEMs build adaptive and autonomous products. The platform promises to cut development time by up to 40% while enabling scalable and intelligent product innovation.
Crompton Greaves Consumer Electricals Ltd
Crompton Greaves has secured a major order in Telangana to supply complete solar rooftop systems to households. The ₹51.59 crore project includes inverters, AC/DC distribution boxes, and solar modules, marking a key win in the renewable energy space.
Goodluck India Ltd – Up 5%
The engineering company announced the commencement of operations by its new subsidiary in the defense and aerospace sector, signaling a strategic entry into high-growth industries.
Panacea Biotec Ltd – Up 0.78%
Panacea Biotec received a ₹127.20 crore contract from the Ministry of Health’s Central Medical Services Society to supply bivalent oral polio vaccines (bOPV). Deliveries will occur in batches over 90 to 480 days.
Marsons Limited – Up 4%
Marsons received a ₹17.49 crore order from Tarun Enterprise to supply a 33/11 KV, 10 MVA outdoor power transformer with accessories. The order will be executed within six months and involves no related party transactions.
SpiceJet – Up 15%
SpiceJet announced new daily flights to Port Blair and Udaipur. Routes will operate from Delhi, Mumbai, and Kolkata, boosting connectivity and offering travelers fresh options for the winter season.
G M Breweries Ltd – Up 13%
The company reported strong financial performance with revenue up 20% year-on-year and 12% quarter-on-quarter. Net profit surged 60% YoY and 35% QoQ, reflecting robust growth momentum.
Vascon Engineers Ltd – Up 1%
Vascon Engineers secured a ₹161.18 crore project to redevelop the “Saudamini” Building at Haji Ali Park, Mumbai. The project is expected to be completed within 36 months.
Technocraft Industries (India) Ltd – Up 5%
Technocraft announced a £10 million investment in the UK over the next three years to expand its digital engineering operations. The initiative will create 18 skilled jobs and strengthen its presence in the UK and Europe.
Power & Instrumentation (Gujarat) Ltd – Up 5%
The company received a ₹34.56 crore order from Ajmer Vidyut Vitran Nigam Limited for power distribution infrastructure development under the RDSS scheme in Rajasthan’s Salumbar Circle.
Kavveri Defence & Wireless Technologies Ltd
Kavveri Defence plans to expand its Bengaluru manufacturing operations by adding a new 10,000 sq. ft facility, scalable up to 50,000 sq. ft. The expansion will support growing domestic and international demand in defense, wireless, and industrial communications.
CAMS Ltd – Up 1.5%
CAMS’ payment division, CAMSPAY, launched UPI Offline Plus, a new solution for offline UPI transactions. It offers instant merchant onboarding, bulk QR activation, automated settlements, and API-enabled tracking, aiming to simplify and speed up digital payments.
Coffee Day Enterprises Ltd
- Ace investor Dolly Khanna increased her stake in the company by 0.64%, taking her holding from 1.55% to 2.19% during Q2 FY26.
Brokerage Recommendations
Akums Drugs & Pharma
- Target Price:- Rs 655 apiece
- Upside:- 47%
- By ICICI Securities
Suven Pharma
- Target Price:- Rs 1,250 apiece
- Upside:- 41.42%
- By ICICI Securities
Piramal Pharma
- Target Price:- Rs 265 apiece
- Upside:- 34.25%
- By ICICI Securities
OneSource Specialty
- Target Price:- Rs 2,475 apiece
- Upside:- 30.97%
- By ICICI Securities
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Gujarat Mineral (7.78%) | Netweb Technologies (-8.75%) |
| PG Electroplast (7.4%) | ITI (-5.26%) |
| Usha Martin (7.21%) | UNO Minda (-4.11%) |
| Multi Commodity Exchange ( 6.47%) | Century Plyboards (-3.71%) |
| Hindustan Copper (6.06%) | Syrma SGS Technology (-3.29%) |
Conclusion: Markets ended higher, driven by gains in pharma, metals, and PSU banks, while midcaps outperformed smallcaps. Positive domestic developments and strong corporate updates boosted sentiment. Globally, caution persists amid China’s export curbs and AI bubble warnings. However, upbeat U.S. markets and expanding tech investments continue to support optimism across Asian and European equities.
Written by Abhishek Singh
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