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Trade talk optimism lifts Sensex 394 points; Banking stocks lead mid-session rally
BusinessLine· 2025-10-10 07:31
Market Performance - Benchmark indices continued to rise, with the Sensex increasing by 394.22 points (0.48%) to 82,566.32 and the Nifty 50 gaining 125.25 points (0.50%) to 25,307.05 as of 12:45 PM [1] - The Nifty Bank index outperformed broader markets, surging 448.10 points (0.80%) to 56,649.40, while the Nifty Financial Services index rose 174.70 points (0.65%) to 26,898.45 [3] Sector Performance - Banking and public sector stocks led the market advance, with State Bank of India rising 1.75% to ₹877.20, Power Grid Corporation gaining 1.42% to ₹290.20, and Adani Ports advancing 1.32% to ₹1,414.00 [2] - Metal stocks faced pressure, with Tata Steel declining 1.54% to ₹173.70, JSW Steel falling 1.25% to ₹1,160.50, and Hindalco dropping 1.16% to ₹765.15 [4] Market Breadth and Investor Activity - Market breadth remained positive, with 2,436 stocks advancing against 1,566 declines on the BSE, and 149 stocks hitting 52-week highs [5] - Foreign institutional investors purchased equities worth ₹1,308 crore, while domestic institutional investors added ₹864 crore, reflecting sustained inflows and optimism regarding India-US trade agreements [6]