Indian benchmark indices extended gains for a second session on October 10, supported by broad-based buying, excluding metal and pharma sectors. By 1:35 PM, the Sensex rose over 450 points (0.55%) to 82,625.87, while the Nifty 50 gained 138 points (0.55%) to 25,320.60. Real estate led sectoral gains, whereas metal stocks lagged. Broader markets also remained in the green.
TCS’s Q2 FY26 earnings, announced on October 9, met expectations with a 1.4% YoY rise in net profit to ₹12,075 crore and revenue of ₹65,799 crore. While shares dipped slightly, peers like Infosys and Wipro gained. The market reacted positively to steady earnings expectations.
Positive global cues, including signs of easing geopolitical tensions and trade talks between India and the US, also supported sentiment. PM Modi and former US President Trump discussed progress on trade. Additionally, FIIs were net buyers for the third straight session.
Strong gains in banking stocks helped lift markets, with Bank Nifty surpassing 56,500. Experts suggest that as long as Nifty stays above 25,000 and Sensex above 81,700, the bullish trend could continue.
