Sensex, Nifty extend winning streak for fourth straight session amid profit booking; banks, telecom stocks lead gains

October 7, 2025

Sensex, Nifty close higher for fourth straight day amid mixed global cues

Benchmark indices Sensex and Nifty 50 closed higher for the fourth consecutive session on Tuesday, extending their recent gains amid mixed global cues. However, upside momentum was capped as investors booked profits ahead of the Q2 earnings season.

The Sensex rose 137 points (0.17%) to close at 81,926.75, while the Nifty 50 ended 31 points (0.12%) higher at 25,108.30. The BSE Midcap index gained 0.45%, whereas the Smallcap index slipped 0.15%.

Banking and telecom stocks boost market

Select index heavyweights — including HDFC Bank, ICICI Bank, Bharti Airtel, and Reliance Industries — were the top contributors to the Sensex’s rise.

On the other hand, Axis Bank, Infosys, SBI, and Tata Motors emerged as the key drags.

Among the top Nifty gainers were Jio Financial Services (up 1.42%), Bharti Airtel (up 1.35%), and HCL Technologies (up 1.26%).

Meanwhile, Tata Motors and Axis Bank each fell over 2%, while Trent dropped 1.93%. Out of the 50 Nifty stocks, 27 ended in the red, while Asian Paints closed flat.

In the broader market, several mid- and small-cap stocks posted sharp gains. Indraprastha Medical Corporation, Orbit Exports, Earthstahl & Alloys, Century Extrusions, Indbank Merchant Banking Services, and Investment & Precision Castings were among the 21 stocks that jumped over 10% on the BSE.

Market outlook: Cautious optimism ahead of earnings season

Analysts said modest earnings expectations for Q2 and uncertainty around the India-US trade deal kept investors cautious.

“The market ended with flattish gains as expectations for Q2 FY26 earnings remain modest. The short-term focus will now shift toward corporate commentary for signs of recovery in Q3,” said Vinod Nair, Head of Research at Geojit Financial Services.

Shrikant Chouhan, Head of Equity Research at Kotak Securities, noted that the 20-day simple moving average (SMA) and the 24,950–25,000 zone will act as key support levels.

“As long as the market stays above these levels, the bullish sentiment is likely to continue. On the upside, 25,200 and 25,275 will serve as resistance,” he added.

Meanwhile, Praveen Dwarakanath, Vice President at Hedged.in, said the Nifty 50 has immediate support at 25,100 and resistance at 25,220. “A break below 25,100 can push the index to 24,850, while resistance at 25,220 could limit gains,” he said.

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