On Friday, October 9, the Indian equity market recovered from the previous session’s losses, closing higher on the back of robust gains in IT and FMCG stocks and a decline in crude oil prices. The S&P BSE SENSEX surged 879.09 points, or 1.23%, to finish at 72,472.33, while the NSE NIFTY50 gained 288.55 points, or 1.3%, ending at 22,520.45. During the day, the 50‑share index and SENSEX touched intraday highs of 26,202.60 and 72,669.20 respectively.

IT stocks led the rally, with Tata Consultancy Services, Infosys, HCL Technologies and Mphasis posting gains despite the US green‑card programme suspension update. TCS confirmed that the directive would not affect its workforce strategy or customer engagements in the United States. The NIFTY IT index rose 3.02%, while NIFTY FMCG climbed 2.2%. Other sectors that finished in green included NIFTY PSU Bank (1.63%), NIFTY Auto (1.42%) and NIFTY Private Bank (1.32%). NIFTY Oil & Gas slipped 0.09%.

Foreign institutional investors sold shares worth ₹12,943.58 crore on Thursday, while domestic institutional investors bought equities worth ₹10,703.11 crore on a net basis. The market breadth was favourable, with 2,183 stocks advancing against 1,393 declining and 108 unchanged out of 3,684 NSE‑listed shares traded. Fifty‑one stocks hit 52‑week highs and 215 touched one‑year lows, while 111 reached upper circuit limits and 115 hit lower circuit bands.

Asian indices ended mixed after recovering from early losses. Japan’s Nikkei fell 0.02%, Singapore’s Straits Times declined 0.2%, Hong Kong’s Hang Seng gained 1.45% and China’s Shanghai Composite rose 0.05%. On Wall Street, the Dow Jones Industrial Average gained 51.77 points, or 0.10%, to 51,231.64, the S&P 500 fell 36.41 points, or 0.47%, to 7,765.36, and the Nasdaq Composite slipped 345.35 points, or 1.25%, to 27,193.34.

The Nifty Midcap 100 rose 1.56% to settle at 58,787.30, while the Nifty Smallcap 100 increased 0.54% to end at 19,153.70. The NIFTY50 index saw 46 stocks close higher and only four decline, with Apollo Hospitals leading the gains at 4.72%, followed by ITC at 4.31%, Eicher Motors at 4.17%, TCS at 3.85% and HCL Technologies at 3.38%. On the 50‑share index, BSE fell 1.43%, Reliance Industries 0.65%, JSW Steel 0.61% and Cipla 0.44% were the only losers.

Market statistics showed 3,684 NSE‑listed shares traded, with 51 stocks hitting 52‑week highs and 215 touching one‑year lows. India VIX stood at 14.36, slipping 6%. The session also highlighted high‑volume stocks such as Colgate, Hexaware Tech, Studds Accessories, which rallied up to 17% on a volume spike. Apollo Hospitals remained the top gainer, while BSE, Reliance Industries, JSW Steel and Cipla were the only stocks to decline on the 50‑share index.