Markets Rally Strong as Global Sentiment Turns Upbeat
- Sensex surged 575 points and Nifty closed above 25,300, supported by strong global cues and broad-based buying.
- Realty, financials, and metals led the rally, while midcap and smallcap indices outperformed benchmarks.
- Key companies like Infosys, Wipro, and Nestle India are set to announce Q2 results, keeping investors watchful.
The Indian stock market witnessed a strong rebound on Wednesday, October 15, as buying interest spread across most sectors. Supported by positive global cues and easing concerns around global trade, the benchmark indices closed the session with healthy gains.
The BSE Sensex surged 575 points, or 0.70%, to close at 82,605.43, while the NSE Nifty 50 advanced 178 points, or 0.73%, to settle at 25,323.55. The broader markets outperformed the benchmarks, with the BSE Midcap and Smallcap indices gaining 1.07% and 0.78%, respectively, reflecting strong market breadth.
According to market experts, the uptrend was fueled by easing tensions between the US and China, a rebound in the rupee, and a positive start to the earnings season. In addition, global rating agencies reaffirming their optimistic outlook on India’s economy added further confidence to investor sentiment.
Ajit Mishra, SVP of Research at Religare Broking, noted, “Markets rebounded sharply on Wednesday, gaining over half a percent and extending the prevailing positive momentum. After a firm start, the Nifty continued to move higher through most of the session, though mild profit-taking in the final hour trimmed some gains. Sector-wise, most indices ended in the green, with realty, financials, and metals leading the advance”.
Stocks to Watch Today
Infosys, Wipro, Jio Financial, Nestle India, LTIMindtree, and Eternal
Investors will closely track these stocks as the companies are set to announce their Q2 FY26 results today. The earnings outcome could influence short-term market direction, especially within the IT and financial services sectors.
Axis Bank
Axis Bank reported a notable decline in standalone net profit to Rs 5,090 crore for the September quarter, compared to Rs 6,918 crore in the same period last year. However, its net interest income (NII) rose 2% year-on-year to Rs 13,744 crore, showing steady core banking operations despite margin pressures.
HDB Financial Services
The company saw its net profit decline by 1.6% year-on-year to Rs 581 crore in the September quarter. On a positive note, NII grew 19.7% to Rs 2,193 crore, while total income climbed 18.4% to Rs 2,851 crore, supported by strong loan disbursements.
Bharat Electronics Limited (BEL)
BEL secured fresh orders worth Rs 592 crore since September 29. The contracts include tank subsystem upgrades, communication equipment, combat management systems, ship data networks, and the Kavach train collision avoidance system. The company will also supply laser dazzlers, jammers, and spares reinforcing its role as a key defense technology provider.
Hero MotoCorp
The world’s largest two-wheeler manufacturer has entered the Spanish market in collaboration with Noria Motos, a subsidiary of the ONEX Group. Alongside the market entry, Hero launched its Euro 5+ compliant models, further strengthening its global footprint.
L&T Finance
L&T Finance Ltd posted a 6% year-on-year increase in consolidated net profit at Rs 735 crore for Q2 FY26. The growth was driven by robust retail lending and improved asset quality. The company continues to expand its retail book while maintaining a cautious stance on corporate lending.
TVS Motor
TVS Motor entered India’s adventure tourer motorcycle segment with the launch of the Apache RTX 300, priced at Rs 1.99 lakh (ex-showroom). The new model will compete against KTM 250 Adventure, Yezdi Adventure, and Royal Enfield Scram, signaling TVS’s push into premium motorcycle categories.
Indian Energy Exchange (IEX)
The Securities and Exchange Board of India (SEBI) has passed a major order in an insider trading case involving IEX shares. The investigation revealed illegal trading activities worth over Rs 173 crore, making it one of SEBI’s largest enforcement actions in recent times.
Angel One
The brokerage firm reported a 50% year-on-year decline in net profit to Rs 212 crore in Q2 FY25. Revenue fell 20% to Rs 1,201 crore, while EBITDA dropped 38.2% to Rs 415.2 crore, leading to a contraction in profit margins to 34.5% from 44.7% a year ago.
Delta Corp
The gaming and hospitality company posted a 7% drop in net profit for the September 2025 quarter, coming in at Rs 25 crore, compared to Rs 27 crore in the same period last year. The performance was affected by slower growth in the casino segment and regulatory challenges.
Market Outlook
Analysts expect market volatility to remain elevated as Q2 earnings announcements continue and investors track global developments. The next few sessions could see sector rotation, with IT, banking, and auto stocks staying in focus.
Technical experts believe that Nifty’s near-term support lies around 25,150, while resistance is seen near 25,500. If global sentiment remains positive and domestic earnings stay robust, the index could attempt another upward move in the coming sessions.
Overall, Wednesday’s session reflected renewed optimism in Indian equities, underpinned by strong global cues, easing currency pressure, and improving domestic fundamentals. As investors await more earnings announcements, the tone in the market remains cautiously positive heading into the second half of October.
