Nifty 50 closed at 25,285.70, up by 101.75 points (0.40%). Bank Nifty closed at 56,622.95, up by 430 points (0.77%). Sensex closed at 82,471.24, up by 299.14 points (0.36%).
Cipla, SBI, Axis Bank, Maruti Suzuki, and Bajaj Auto were among the major gainers on the Nifty, while losers included Tata Steel, TCS, JSW Steel, Tech Mahindra, and Shriram Finance. BSE Midcap index rose 0.3%, and the smallcap index gained 0.6%. On the sectoral front, the metal index shed 0.7 percent, while auto, bank, consumer durables, PSU bank, realty, and pharma added 0.5-1 percent.
US Markets
- Dow Jones Futures jumped by 27.00 points, up by 0.058%, currently trading at 46,615.00 as of October 10, 2025.
European Markets
- FTSE (UK) decreased by 7.05 points, up by 0.074%, standing at 9,502.20.
- CAC (France) jumped by 7.44 points, up by 0.093%, at 8,048.80.
- DAX (Germany) closed by 19.36 points, up by 0.078%, at 24,592.28.
Global events/updates
- Hargreaves Lansdown, the U.K.’s largest investment platform, cautioned investors against viewing Bitcoin as an asset class. The firm believes cryptocurrencies lack the fundamentals needed for portfolio growth or income. This warning comes just after the U.K. lifted its ban on retail investors accessing crypto exchange-traded notes (ETNs) on October 8.
- The collapse of U.S. car parts maker First Brands has shaken Europe’s private credit market, with major lenders like Jefferies and UBS O’Connor facing exposure. The bankruptcy has sparked concerns about risky lending practices and potential contagion, drawing parallels to past financial crises such as the subprime mortgage meltdown and Greensill Capital’s downfall.
- Japan’s political landscape faces turbulence as Komeito quits its long-standing coalition with the ruling LDP, citing unresolved political funding issues. The split weakens Prime Minister hopeful Sanae Takaichi’s position, ending a partnership dating back to 1999. Despite losing Komeito’s support, the LDP remains the largest party in the Lower House with 191 seats.
- European markets opened mixed on Friday as investors assessed early signs of a U.S.-brokered Middle East peace deal and China’s new export controls on rare earths. Defense and mining stocks fell, while Jyske Bank surged after raising profit guidance. Meanwhile, EU tensions rose as Brussels prepared action against Italy’s “golden power rule” limiting bank mergers.
- China’s property downturn is deepening faster than expected, with S&P forecasting an 8% drop in new home sales this year to around 8.8–9 trillion yuan. This is far worse than May’s 3% projection. Analysts warn that stronger government support is crucial to stabilize the sector and rebuild homebuyer confidence.
Stock news
Solarium Green Energy Ltd (up 8%): Shares rose 8% after ace investor Mukul Agrawal’s name appeared in the company’s Q2 shareholder list with a 2.88% stake, boosting investor confidence and interest in the renewable energy firm’s growth prospects.
Natco Pharma (up 6%): Natco Pharma surged 6% after the Delhi High Court dismissed Roche’s appeal, allowing Natco to launch a much cheaper generic version of Risdiplam for Spinal Muscular Atrophy, significantly improving affordability for Indian patients.
Reliance Power (up 15%): Reliance Power jumped 15% on heavy volumes after clarifying it has no link to the SEBI notice involving CLE Pvt. Ltd., easing investor concerns and renewing buying momentum in the stock.
Yes Bank Ltd (up 8%): Yes Bank shares climbed 8% as investors cheered strong recent performance, rising volumes, and management confidence in achieving 1% RoA by FY2027, along with 10–12% credit growth for FY26.
Chandan Healthcare Ltd (5% upper circuit): Chandan Healthcare hit the upper circuit after partnering exclusively with Jeena Sikho Lifecare to set up diagnostic centres across all its hospitals and clinics, expanding its pathology and radiology footprint nationwide.
Kolte Patil Developers Ltd: Kolte-Patil Developers acquired a 7.5-acre land parcel in Bhugaon, Pune, with a ₹1,400 crore project value, tapping into premium residential demand supported by connectivity, nearby employment hubs, and strong urban infrastructure.
Goodluck India Ltd: Goodluck Defence & Aerospace will invest ₹500 crore to expand empty shell production from 1.5 lakh to 4 lakh units annually, funded via debt and equity, to meet growing defense demand.
Knowledge Marine & Engineering Works Ltd (up 0.54%): The company won a ₹127.12 crore IWAI contract under Jal Vikas Marg to design and supply dredgers and boats for National Waterway-1, strengthening its marine engineering portfolio.
KHFM Hospitality & Facility Mgt. Services Ltd (up 3%): KHFM gained 3% after securing a ₹51.68 crore contract from MMRCL for cleaning and housekeeping of Mumbai Metro Line 3, valid for 48 months, enhancing its service portfolio.
Konstelec Engineers Ltd (5% upper circuit): Konstelec Engineers hit the upper circuit after winning a ₹45.65 crore project from Ajmer Vidyut Vitran Nigam to develop power distribution infrastructure, to be completed within 15 months.
K.P. Energy Ltd (up 13%): KP Energy rose 13% after signing an MoU with the Gujarat government to invest ₹8,000 crore in Hydrogen and EV fuel stations, creating 1,000 jobs and strengthening clean energy expansion.
Elecon Engineering Company Ltd (down 8%): Elecon Engineering fell 8% despite revenue rising 13.8% YoY and 17% QoQ, as quarterly profit declined 49%, signaling short-term margin pressure despite strong top-line growth.
Duncan Engineering: Duncan Engineering entered a JV with Saudi-based Jubail Pearl Company to set up manufacturing for oil and gas projects, investing SAR 540,000 for a 90% stake, marking its Middle East expansion.
Rose Merc Ltd (5% upper circuit): Rose Merc surged to the upper circuit after signing an MoU with Thrust Aircraft Pvt. Ltd. to collaborate on indigenous aircraft and drone manufacturing, marking a strategic diversification move.
S.A.L. Steel (down 2.5%): S.A.L. Steel slipped 2.5% as promoters increased their stake from 50.56% to 70.98% through warrant conversion, leading to dilution of public and institutional shareholding to 29.02%.
Also read: Power stock jumps 5% after company’s arm secures major orders from Indian Railways & others
Brokerage Recommendations
Info Edge
- Target Price:- Rs 1,640 apiece
- Upside:- 23.17%
- By ICICI Direct
AIA Engineering
- Target Price:- Rs 4,060.00 apiece
- Upside:- 24.06%
- By ICICI Direct
Delhivery
- Target Price:- Rs 540 apiece
- Upside:- 16.64%
- By Motilal Oswal
Motherson Sumi Wiring India
- Target Price:- Rs 60 apiece
- Upside:- 34.95%
- By ICICI Securities
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Tata Communications (10%) | Elecon Engineering(-7.91%) |
| Reliance Power (9%) | Hindustan Copper(-5.62%) |
| Redington (8.32%) | Ather Energy (-4.68%) |
| YES Bank (6.96%) | Graphite (-4.25%) |
| PG Electroplast (5.93%) | HEG (-3.4%) |
Conclusion: Indian markets closed higher on Friday, led by gains in banking, auto, and consumer sectors, while metal stocks lagged. Global cues remained mixed with Europe, the U.S., and Japan showing cautious sentiment amid geopolitical and economic developments. Key stocks like Reliance Power, Yes Bank, and Natco Pharma outperformed, while Elecon and S.A.L. Steel declined, reflecting sector-specific news and corporate updates.
Written by Abhishek Singh
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