The BSE Sensex rose 398.44 points (0.49%) to close at 82,172.10, while the NSE Nifty50 advanced 135.65 points (0.54%) to settle at 25,181.8.
Broader markets mirrored this optimism — the Nifty Midcap 100 jumped 0.97%, and the Nifty Smallcap 100 gained 0.61%, signalling robust risk appetite among retail and institutional investors alike.
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Impact on the stock market
Sector-wise performance
All major sectoral indices ended in green, reflecting broad-based buying across sectors:
- Nifty IT, Metal, and Pharma indices led the rally, each rising over 1%.
- Auto, Bank, Energy, Financial Services, Realty, and Consumer Durables also posted solid gains.
| Sector/Index | Performance |
| IT & BPM sector | 1.12% |
| Healthcare sector | 1.07% |
| Oil & Gas sector | 0.46% |
| Real estate sector | 0.74% |
| PSU Bank in India | 0.61% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| JSW Steel | 1,175.20 | 2.62 |
| Tata Steel | 176.42 | 2.61 |
| HCL Tech | 1,484.50 | 2.15 |
| SBI Life Insura | 1,809.80 | 2.08 |
| Sun Pharma | 1,657.60 | 1.59 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Axis Bank | 1,167.40 | -1.12 |
| Eicher Motors | 6,866.50 | -0.52 |
| Titan Company | 3,550.60 | -0.42 |
| TATA Cons. Prod | 1,118.00 | -0.20 |
| Maruti Suzuki | 15,985.00 | -0.17 |
Market aftermath: Impact on stocks
TCS delivers broad-based Q2 growth
India’s largest IT services company, Tata Consultancy Services (TCS), reported a 16.2% year-on-year growth in total contract value (TCV) to $10 billion for the September quarter.
The quarter was highlighted by a $640-million mega deal with Scandinavian insurer Tryg, alongside other major contracts with Unilab, ARN Media, and The Warehouse Group.
In terms of verticals, growth was broad-based:
- BFSI: +1.1% (constant currency)
- Technology & Services: +1.8%
- Life Sciences & Healthcare: +3.4%
- Manufacturing: +1.6%
- CMI (Communications, Media, and Information Services): +0.8%
Net profit stood at ₹12,075 crore, up 1.4% YoY, while revenue rose 3.7% QoQ to ₹65,799 crore.
Operating margins expanded by 70 basis points to 25.2%, despite a ₹1,135 crore restructuring expense linked to layoffs impacting around 12,000 employees.
TCS CEO K Krithivasan said,
“We are on a journey to become the world’s largest AI-led technology services company.”
The strong Q2 performance pushed IT stocks higher, helping the Nifty IT index close with over 1% gains.
Also read: TCS stock analysis and expert insights in detail
LG Electronics India reports 46% jump in FY25 profit
LG Electronics India (LGEI) reported a 45.8% surge in net profit to ₹2,203.35 crore for FY25, up from ₹1,511.07 crore in FY24.
Revenue from operations climbed 14.1% to ₹24,366.64 crore, reflecting strong consumer demand across categories.
The company’s refrigerator business led revenue generation, contributing ₹6,696.45 crore (27.5%), followed by:
- Air Conditioners: ₹5,270.82 crore (21.6%)
- Washing Machines: ₹5,041.70 crore (20.7%)
- LED/LCD Televisions: ₹4,924.81 crore (20.2%)
Other highlights:
- Total income: ₹24,630.63 crore
- Pre-tax profit: +45.5% YoY
- Tax expense: ₹759.76 crore (+44.4%)
- Royalty payment to parent firm: ₹454.61 crore (+12.7%)
LGEI’s upcoming IPO will see its South Korean parent sell a 15% stake via Offer for Sale (OFS) — making it the second Korean firm after Hyundai India to list on Indian exchanges.
GMDC soars on government’s rare earth magnet scheme
Shares of Gujarat Mineral Development Corporation (GMDC) jumped 7% on reports that the Indian government is preparing a ₹7,300 crore incentive scheme to promote rare earth magnet processing units and reduce dependence on China.
Key details of the scheme:
- ₹6,500 crore earmarked for capital expenditure
- ₹800 crore for operational expenditure
- Approved by the Expenditure Finance Committee (EFC), awaiting Union Cabinet nod
The move follows China’s announcement to expand its export control list for several rare earth elements — a step that could disrupt global supply chains.
GMDC’s rally was backed by strong trading volumes — nearly 131 lakh shares traded, about 2× its 10-day average volume.
The stock has rallied 134% in the past six months and is up 94% YTD, with a P/E ratio of 28.
The government’s push for domestic rare earth capability signals a long-term structural play for India’s mineral sector.
Crude Oil Cools Off After Trump’s Peace Announcement
Crude oil futures declined on Thursday after former US President Donald Trump announced a peace plan between Israel and Hamas, signalling an easing of tensions in the Middle East.
- Brent December futures: $65.93 (-0.48%)
- WTI November futures: $62.18 (-0.59%)
- MCX October futures: ₹5,529 (-0.84%)
- MCX November futures: ₹5,502 (-0.88%)
Trump said both sides had signed off on the first phase of the peace plan, ensuring hostage releases and a withdrawal of Israeli troops — marking what he called a “Great Day for the Arab and Muslim World.”
This de-escalation eased the war-risk premium built into crude prices.
However, data from the US Energy Information Administration (EIA) showed commercial crude inventories rose by 3.7 million barrels for the week ending October 3, while gasoline and distillate stocks declined, indicating mixed demand dynamics.
Commodities movement:
- Aluminium (Oct MCX): ₹265.10 (+0.82%)
- Dhaniya (Oct NCDEX): ₹8,496 (-0.33%)
- Cottonseed Oilcake (Dec NCDEX): ₹2,914 (-0.14%)
Conclusion
Thursday’s rally underscored the market’s ability to find stability amid global uncertainty. Strong earnings from TCS, upbeat numbers from LG Electronics India, and policy momentum for resource self-reliance lifted sentiment further.
While geopolitical calm in the Middle East offered short-term relief to crude oil prices, investors will likely keep a close eye on upcoming Q2 earnings, foreign inflows, and global macro cues to gauge if this positive sentiment can sustain.
In short — optimism is back, but the next few sessions will reveal whether the bulls can hold their ground or if volatility returns with the next data point.
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