Market Commentary - Mid-Session
23-Oct-2025 11:32
Sensex gains 630 pts; private bank shares advance
The Nifty traded near the 26,050 mark. Private bank shares advanced after ending falt in the previous trading session.
At 10:30 IST, the barometer index, the S&P BSE Sensex, surged 630.40 points or 0.75% to 85,056.78. The Nifty 50 index jumped 181.51 points or 0.70% to 26,050.15.
In the broader market, the S&P BSE Mid-Cap index rose 0.40% and the S&P BSE Small-Cap index shed 0.09%.
The market breadth was positive. On the BSE, 1,980 shares rose and 1,974 shares fell. A total of 193 shares were unchanged.
Indian Economy:
The infrastructure output in India rose 3% from the previous year in September of 2025, slowing from the upwardly revised 6.5% increase in August, which was the sharpest pace of growth in over one year.
Production fell for coal, crude oil, natural gas, and refinery products, as the US continued to pressure India to halt the intake of Russian crude energy commodities, which pressured domestic consumption and export demand for refineries and processers.
In turn, electric power output also slowed. Still, construction inputs were more robust, with cement output holding loosely unchanged and steel production accelerating.
Buzzing Index:
The Nifty Private Bank index jumped 1.39% to 28,821.50. The index ends flat in the past trading session.
IDFC First Bank (up 3.19%), Axis Bank (up 2.75%), Bandhan Bank (up 2.54%), Kotak Mahindra Bank (up 1.85%), Yes Bank (up 1.14%), Federal Bank (up 0.84%), IndusInd Bank (up 0.48%), HDFC Bank (up 0.30%) and ICICI Bank (up 0.11%) advanced.
Stocks in Spotlight:
Infosys rallied 4.70% after the IT major said it has filed a draft letter of offer with the U.S. Securities and Exchange Commission (SEC) for its proposed Rs 18,000 crore share buyback.
Garuda Construction and Engineering surged 8.94% after it has bagged a work order worth Rs 231 crore for the construction of a rehabilitation building about 6.17 lakh sq. ft. in Chandivali, Mumbai, with a completion period of 3 years.
Global Markets:
Asia-Pacific markets declined on Thursday, mirroring losses on Wall Street as renewed concerns over U.S.-China trade tensions weighed on sentiment.
Trade fears resurfaced after reports on Wednesday suggested that the Trump administration is considering new export restrictions on products made with U.S. software and technology destined for China.
According to a U.S. official and three individuals briefed by authorities, the potential measures could cover a broad range of goods ' from laptops to jet engines ' though the plan remains under discussion and may not ultimately be implemented.
U.S. equity futures edged lower in early Asian trading after all three major U.S. benchmarks fell overnight, pressured by disappointing earnings from companies such as Texas Instruments and Netflix.
The Dow Jones Industrial Average slipped 334.33 points (0.71%) to 46,590.41, while the S&P 500 declined 0.53% to 6,699.40. The Nasdaq Composite dropped 0.93% to 22,740.40.
At their session lows, the Dow had fallen over 400 points, and the S&P 500 and Nasdaq were down 1.2% and 1.9%, respectively.
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