On Thursday, October 23, Indian equity benchmark indices ended marginally higher, extending gains for the sixth consecutive session. After a gap-up opening, the index nearly touched an Intraday high of 26,100. However, some profit-booking at higher levels led to a trimming of gains, with the index closing below the 25,900 mark.
At the close, the Nifty 50 surged by 22.80 points, or 0.09%, to settle at 25,891.40, while the Sensex gained 130.05 points, or 0.15%, ending at 84,556.40. Both benchmark indices remain just about 1.5% below their record highs. Meanwhile, India’s volatility index, India VIX, surged more than 3.5% during the session.
The broad-based rally was led by IT stocks on expectations of a trade deal with the US, and earnings recovery.
On the sectoral front, 8 out of 11 sectors closed in positive territory. The Bank Nifty index hit a fresh all-time high of 58,555.15 and closed below the 58,100 mark with gains of 0.12%. The Nifty IT index closed up by 2.2% boosted by a 3.8% jump in Infosys after some of its promoter and affiliated entities opted out of the share buyback.
Additionally, the share prices of textile makers, shrimp exporters jump on the expectation of lower US tariffs that will lend their exports a competitive edge over peers such as Vietnam, Bangladesh.
Meanwhile, broader markets underperformed frontline indices, with both Nifty Midcap and Smallcap ending in negative terrain.
Stock-Specific Highlights
Among individual stocks,
- Gulshan Polyols share price jumped over 8% as the company secured an order worth ₹1,185 crore to supply ethanol to oil marketing companies under the ethanol-blended petrol programme
Nifty IT - Top Gaining Sector
The Nifty IT index climbed 2.21%, marking its 2nd largest intraday gain of October month and reaching a one-month high. The rally was led by Infosys after promoters and affiliated entities opted out of the share buyback. In contrast, the Nifty Pharma index declined 0.15%, with Ajanta Pharma, Cipla, Biocon & Wockhardt falling more than 1%.
Nifty 50: Top Pullers and Draggers of the Day
The key drivers of the index gains were:
- Infosys: +41.31 points
- Tata Consultancy Services: +14.09 points
- Axis Bank: +10.18 points
On the other hand, these stocks weighed on the index:
Broader Markets End on a Negative Note
The broader market indices ended on a negative note on Thursday. The Mid-cap 100 index ended down by 0.06% and the Small-cap 100 ended down by 0.05%.
Market Breadth
As of October 23, 2025, the market breadth was in favour of advancing stocks. Out of 3,202 stocks traded on the NSE, 1,308 advanced, 1,802 declined, and 92 remained unchanged.
A total of 121 stocks touched their 52-week highs, while 32 hit their 52-week lows. Additionally, 85 stocks were locked in their upper circuits, whereas 42 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.
