BusinessLine·2025-10-23 08:20Market Overview - The domestic market experienced a significant rally, with the Sensex increasing over 860 points and the Nifty 50 surpassing the 26,100 mark, driven by strong performances in the IT, banking, and FMCG sectors, optimism regarding a potential India-US trade agreement, and foreign institutional investor (FII) inflows [1] - As of 1:27 PM, the Sensex was up 677.38 points or 0.80% at 85,103.72, reaching an intraday high of 85,290.06, while the Nifty 50 gained 183.00 points or 0.71% to 26,051.60, with an intraday high of 26,104.20 [2] Sector Performance - All sectoral indices, except for oil & gas, were in positive territory, with the Nifty IT index leading the gains, surging over 3%, supported by major companies like Infosys, HCL Technologies, and Tech Mahindra [3] - Top gainers in the Nifty 50 included Infosys, HCL Tech, TCS, Shriram Finance, and Tech Mahindra, while the biggest losers were Eternal, Bharti Airtel, IndiGo, Eicher Motors, and Adani Ports [4] Stock Highlights - A total of 3,114 stocks were traded on the National Stock Exchange, with 1,527 advancing, 1,495 declining, and 92 remaining unchanged. Notably, 115 stocks, including Aditya Birla Capital, Apollo Hospitals, Axis Bank, Bajaj Finserv, Bajaj Finance, and AU Small Finance Bank, reached their 52-week highs, while 26 stocks hit their 52-week lows [5] - Vodafone Idea, Yes Bank, IDFC First Bank, and The South Indian Bank were among the most actively traded stocks, with mid-cap stocks like Bharat Forge and Vodafone Idea gaining 3-5%, while others like Godfrey Phillips and Muthoot Finance saw declines of 3-6% [6] Smallcap and Other Stocks - Smallcap stocks such as Sagility, Zensar Tech, Bandhan Bank, Trident, and Newgen rose by 3-5%, while Hindustan Copper and Poonawalla Fincorp fell by 2-4%. On the BSE, stocks like Birlasoft and Garware Hi-Tech rallied 7-9%, while Godfrey Phillips and Inox Green dropped by 3-6% [7] - Companies like Hindustan Unilever, Colgate Palmolive, Laurus Labs, Vardhman Textiles, Tata Teleservices, Sagar Cements, and PTC India Financial Services are expected to be in focus due to their quarterly results [8]