Sensex Adds 136 Points, Nifty Ends Above 25,100 Amid Weekly F&O Expiry

Domestic equity benchmark indices managed to close higher for the fourth straight session on October 7 despite high volatility amid weekly Nifty futures and options (F&O) expiry. The BSE Sensex rose 136.63 points, or 0.17 per cent, to close at 81,926.75. Likewise, Nifty 50 gained 30.65 points, or 0.12 per cent, to close at 25,108.30.

The broader market indices also largely gained; however, they showed a hint of exhaustion towards the end of the session. The Nifty Midcap 100 closed 0.47 per cent higher, Nifty Smallcap 100 closed with 0.31 per cent gains, and Nifty 500 settled 0.17 per cent up. Nifty Microcap 250, however, closed in the red, declining 0.25 per cent.

Realty Leads, FMCG Drags

On the sectoral front, Nifty Realty gained the most, rising 1.09 per cent. Auto, banks, financial services, pharma, healthcare, consumer durables and oil & gas also saw buying interest, as their respective Nifty indices closed higher in the positive territory.

On the other hand, Nifty FMCG emerged as the top drag, falling 0.53 per cent. Metal, PSU Bank, media, and IT sector also closed in red.

Nifty 50: Top Gainers & Losers

Jio Financial Services, Bharti Airtel, HCL Technologies, Bajaj Auto, Eicher Motors, and Ultratech Cement were the top gainers in Nifty 50 index, rising between 1 per cent and 1.42 per cent.

The top losers during the session were Axis Bank, Tata Motors, Trent, Tata Consumer Products, Hindalco, Infosys, State Bank of India, Max Healthcare, falling in the range 1 per cent to 2 per cent.

Market Outlook

The minutes of the US Federal Reserve's policy meeting held on September 16-17 are scheduled to be released on October 8. The American central bank's Federal Open Market Committee (FOMC) reduced the key interest rate by 25 basis points to a 4.00-4.25 per cent range, the first cut in this calendar year.

The US Fed also indicated that two more rate cuts will happen in the last two meetings of 2025. Market participants will be watching for the minutes of the meeting that led to the rate cut to gauge the central bank's assessment of economic risks amid tariffs and the H-1B visa fee hike.

Market participants will also be keeping a track of Q2FY26 earnings, which is set to begin with Tata Consultancy Services' (TCS) earnings report on October 9.