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Indian Markets Soar: Sensex Jumps on Pharma and Banking Boost

October 10, 2025
in Business
Reading Time: 3 min

The Indian stock market witnessed a robust performance on Friday, October 10, 2025, as the benchmark Sensex climbed by almost 329 points. This impressive surge was primarily fueled by strong rallies in both the pharmaceutical and banking sectors, further bolstered by a significant inflow of foreign capital.

Specifically, the 30-share BSE Sensex concluded the trading day up 328.72 points, marking a 0.40% increase to settle at 82,500.82. Throughout the session, the index demonstrated even greater momentum, reaching an intraday high of 82,654.11, an appreciation of 482.01 points or 0.58%.

Similarly, the broader 50-share NSE Nifty also recorded substantial gains, rising by 103.55 points (0.41%) to close at 25,285.35. During intraday trading, the Nifty peaked at 25,330.75, an impressive climb of 148.95 points or 0.59%.

Leading the Sensex’s ascent were prominent players such as State Bank of India, Maruti Suzuki India, Axis Bank, NTPC, BEL, Adani Ports, Eternal, Sun Pharmaceuticals, Power Grid, ITC, UltraTech Cement, Trent, HCL Technologies, Mahindra & Mahindra, and HDFC Bank, all recording significant gains.

Conversely, some of the companies that experienced declines included Tata Steel, Tata Consultancy Services, Tech Mahindra, Titan, Bajaj Finserv, Tata Motors, Bharti Airtel, and Bajaj Finance.

Commenting on the market’s performance, Vinod Nair, Head of Research at Geojit Investments, highlighted that Indian equities ended the day robustly, largely propelled by strong showings in the banking and pharmaceutical sectors. He noted that investor confidence was boosted by the government’s recent decision to invite private sector professionals to head the State Bank of India.

Nair further explained the rally in pharmaceutical stocks, attributing it to the revival of the U.S. Biosecure Act. This act aims to sever biotech collaborations with certain foreign companies, particularly those from China, which is seen as a significant advantage for Indian Contract Development and Manufacturing Organizations (CDMOs).

Across Asian markets, trends were mixed; Hong Kong’s Hang Seng, Tokyo’s Nikkei 225, and Shanghai’s SSE Composite indices all concluded their trading sessions lower. However, Seoul’s Kospi managed to finish in positive territory. European equity markets also displayed varied results.

Meanwhile, the U.S. markets had pulled back from their recent record highs, closing lower on the previous day, Thursday, October 9, 2025.

According to exchange data, Foreign Institutional Investors (FIIs) demonstrated continued confidence by purchasing equities valued at ₹1,308.16 crore on Thursday, October 9, 2025.

In commodity markets, global oil prices saw a slight dip, with Brent crude, the international benchmark, falling by 0.63% to trade at $64.81 per barrel.

Recapping the previous day’s performance, the 30-share BSE Sensex had gained 398.44 points to close at 82,172.10, while the 50-share NSE Nifty had increased by 135.65 points, settling at 25,181.80.

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