Sensex: up 320.25 points (0.39%), closing at 83,013.96
Nifty50: up 93.35 points (0.37%), finishing at 25,423.60
The broader market followed suit:
- Nifty Midcap100: +0.38%
- Nifty Smallcap100: +0.29%
Meanwhile, the India VIX (volatility index) eased 3.53% to 9.89, signalling calmer sentiment.
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Impact on the stock market
Sector-wise performance
Pharma & Healthcare: The Nifty Pharma and Nifty Healthcare indices outperformed, rising 1.33% and 1.50%, respectively. Companies in these sectors benefited from investor rotation into defensive plays following the Fed rate cut.
Defence, PSU Banks & Realty: These sectors snapped multi-day rallies amid profit booking. The Nifty Defence index dropped 0.6%, Nifty Realty fell marginally, and Nifty PSU Bank declined 0.3%.
| Sector/Index | Performance |
| IT & BPM sector | 0.83% |
| Healthcare sector | 1.33% |
| Oil & Gas sector | 1.33% |
| Real estate sector | -0.07% |
| PSU Bank in India | -0.16% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| HDFC Life | 783.80 | 2.05 |
| Sun Pharma | 1,646.00 | 1.59 |
| Eternal | 333.40 | 1.57 |
| Infosys | 1,542.70 | 1.33 |
| Cipla | 1,578.20 | 1.19 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Coal India | 392.85 | -1.73 |
| Bajaj Finance | 995.55 | -1.19 |
| Tata Motors | 711.65 | -1.04 |
| Trent | 5,146.00 | -0.99 |
| UltraTechCement | 12,602.00 | -0.94 |
Market aftermath: Impact on stocks
Defence, PSU banks & Realty face profit booking
Defence: Nifty Defence down 0.6% to 8,266.95; top losers Astra Microwave (-2%), Data Patterns, Solar Industries, Paras Defence, BEML, BDL, BEL, HAL (~-1%). Earlier surge driven by Defence Procurement Manual 2025.
Realty: Nifty Realty fell to 918.75; Prestige Estates -1%, DLF & Anant Raj marginally lower. Positive sentiment supported by RBI rate cut hopes.
PSU Banks: Nifty PSU Bank down 0.3% to 7,292.95; gains for Punjab & Sind Bank, Union Bank, IOB, Bank of India, UCO, Canara (~1%), slight declines for SBI, PNB, Indian Bank, Bank of Maharashtra. Government confirms majority stake to remain above 51%.
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Bank Nifty powers ahead
The Bank Nifty continued its winning streak for the 12th session, climbing 4% over two weeks, outpacing Nifty50’s 3% rise.
- Key gainers: Axis Bank, SBI, Kotak Mahindra Bank, ICICI Bank (+up to 7%)
- Drivers: Credit growth optimism, stabilising asset quality, supportive government & RBI policies
- Retail lending recovery: Early-stage delinquencies down, small business loans steady
- Analysts at MOFSL & Nomura highlight improving asset quality, GST-driven demand, tariff negotiations, and policy easing as bullish catalysts
Poonawalla Fincorp surges 14%
Poonawalla Fincorp hit a 52-week high, rising 14% amid a Rs 1,500-crore promoter fund infusion via 3.31 crore preferential shares at Rs 452.51/share.
- Promoter stake increased: 62.43% → 63.97%
- Trading volume: 4.5 crore shares (40x 30-day average)
- RSI: 71.1 (overbought territory)
- YTD 2025 performance: +60%
- Despite rally, Q1FY25 net profit fell 78.5% YoY to Rs 62.6 crore, while NII grew 11% YoY to Rs 639 crore
Crude oil & commodities
Crude oil futures traded lower as markets awaited the Fed rate decision:
- Brent Nov: $68.35 (-0.18%)
- WTI Oct: $64.42 (-0.15%)
- MCX Sept: ₹5,657 (-0.65%)
- MCX Oct: ₹5,645 (-0.63%)
Other commodities:
- Mentha oil Sept: ₹997.20 (-0.8%)
- Cottonseed oilcake Sept: ₹3,030 (+1.13%)
- Dhaniya Oct: ₹8,348 (+0.51%)
Global cues:
- EU to intensify sanctions on Russia, impacting energy markets
- US crude inventories declined by 3.42 million barrels (API)
Conclusion
Thursday’s session reflected optimism following the Fed rate cut, tempered by sector-specific profit booking.
- Banking: Strong momentum continues, led by Axis Bank, SBI, Kotak Mahindra Bank
- Healthcare & Pharma: Defensive plays outperform
- Defence, PSU Banks & Realty: Profit booking after multi-day rallies
- Poonawalla Fincorp: Surged with promoter infusion despite lower profits
- Crude & commodities: Lower as markets watch global supply and geopolitical developments
For more stock market insights, check out the StockGro blog.
