Market Overview - Benchmark indices opened positively, with Nifty 50 starting at 25,167.65 and trading at 25,259.70, up 77.90 points or 0.31 percent [1] - Sensex opened at 82,075.45 and was at 82,425.16, higher by 253.06 points or 0.31 percent, driven by renewed investor confidence from India-US trade negotiations [1] Trade Negotiations - Prime Minister Narendra Modi's conversation with US President Donald Trump reaffirmed a commitment to advancing the India-US trade pact, with optimism for a trade deal by November expressed by Commerce & Industry Minister Piyush Goyal [2] Institutional Investments - Foreign Institutional Investors (FIIs) turned net buyers with purchases of ₹1,308.16 crore on October 9, while Domestic Institutional Investors (DIIs) had net purchases of ₹864.36 crore [3] - FIIs have been buyers in the cash market for the last three trading days [3] Earnings Reports - Tata Consultancy Services (TCS) reported a 1.4 percent rise in net profit to ₹12,075 crore and revenue growth of 3.7 percent, with a total contract value of $10 billion [4] - TCS aims to become the world's largest AI-led technology services company, positioning itself at the forefront of the global AI race [4] Stock Performance - Banking stocks led the market rally, with State Bank of India rising 1.75 percent to ₹877.20 and Axis Bank advancing 1.18 percent to ₹1,181.20 [5] - Power Grid Corporation and Adani Ports also saw gains, while ONGC added 1.19 percent to ₹246.29 [5] Sector Performance - Metal stocks declined, with Tata Steel dropping 1.54 percent to ₹173.70 and JSW Steel falling 1.25 percent to ₹1,160.50 [6] - Eicher Motors and Max Healthcare also experienced declines [6] Market Trends - The Nifty 50 broke past a three-day hurdle at 25,220, indicating bullish momentum, with immediate resistance seen at 25,300–25,400 [7] - Bank Nifty showed strength, with support in the 55,900–55,800 band and resistance near 56,500–56,600 [7] Global Factors - Global sentiment was supported by the GAZA peace accord, which reduced geopolitical risk [8] - There are indications of a trade deal between the US and India, with India 'rebalancing' its oil purchases [8] IPO Market - The primary market remained buoyant, with the LG Electronics IPO getting oversubscribed 54 times, adding liquidity to the market [8] Commodities - Crude oil futures traded marginally lower, with October futures at ₹5,471, up 0.16 percent [9]