Today Mumbai, October 21, 2025 – The Indian stock market began the new Hindu Samvat year, Samvat 2082, with a traditional flourish. In the symbolic Muhurat trading session today, both the benchmark indices, BSE Sensex and NSE Nifty 50, closed in the green, extending their winning streak for the seventh consecutive Muhurat session.
Today’s modest but positive start sets an optimistic tone for the coming year, which is a week of strong gains driven by bullish quarterly earnings and a decisive change in foreign institutional investor sentiment.
Today, investors and traders opened new notebooks and took symbolic long positions in blue-chip stocks. Large-cap heavyweights like Infosys and HDFC Bank led the way in this session, reflecting institutional confidence in the financial and technology sectors.
In the broader market today, the BSE Midcap and BSE Smallcap indices also rose, leading to broad participation and a positive outlook from the front.
Indian Stock Market earnings took charge
The Stock market earnings season has played a powerful role in the second quarter of FY26 today. Market heavyweights, particularly in the banking and energy sectors, have posted strong performances that have lifted investor sentiment decisively. For instance, Reliance Industries (RIL) saw a significant increase after reporting a healthy year-on-year growth in net profit, supported by strong contributions from its retail and telecom sectors, as well as improvement in its oil-to-chemicals (O2C) business.
Similarly, leading private banks such as Axis Bank, HDFC Bank and ICICI Bank have displayed improved asset quality and strong operational metrics, which has helped the Nifty Bank index to touch a new all-time high. These good earnings provide a fundamental basis for the market rally, reassuring investors about the health of Indian companies.
Today’s Stock market rally in the market is perfectly aligned with the festive season, traditionally a time of strong retail participation and optimism. The festive cheer around Diwali often translates into token buying and a ‘feel good’ factor on Dalal Street. Technically, analysts are pointing to the decisive move beyond the Nifty’s recent consolidation range as a bullish signal. The current rally, marked by the performance of large-cap stocks, is seen by many technical experts as a classic bull market scenario, suggesting that a ‘buy-on-dips’ strategy could remain effective as the indices look towards new psychological resistance levels.
Read more: Indian Stock market continues to rally amid festive cheer and strong returns