Markets at Noon: Nifty and Sensex Climb as Aviation Sector Soars
Indian stock markets show positive momentum at midday, with Nifty 50 up 0.43% and BSE Sensex gaining 0.41%. Aviation sector leads gains, followed by Diamond, Gems and Jewellery, and Banks. However, Commercial Services, Forest Materials, and Energy sectors face significant losses. TCS refutes massive job cut claims, Tata Motors breaks losing streak, and SpiceJet plans fleet expansion. Market breadth remains mixed with sector-specific movements.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are showing positive momentum at midday, with both benchmark indices trading in the green. The Nifty 50 is up 0.43% at 25,289.95, while the BSE Sensex has gained 0.41% to reach 82,506.00.
Sectoral Performance
The aviation sector is leading the charge today, showing significant strength amid broader market gains.
Top Performing Sectors
| Sector | Average Percentage Change |
|---|---|
| Aviation | 2.94% |
| Diamond, Gems and Jewellery | 1.39% |
| Banks | 1.37% |
However, several sectors are facing headwinds:
Top Losing Sectors
| Sector | Average Percentage Change |
|---|---|
| Commercial Services | -16.36% |
| Forest Materials | -15.74% |
| Energy | -13.01% |
| Financial Services | -11.02% |
| Realty | -10.70% |
Buzzing Stocks
TCS: The IT giant has refuted claims of massive job cuts, clarifying that its restructuring efforts have impacted only 1% of its workforce.
Tata Motors: Shares gained nearly 1% to Rs 686.20, breaking a five-day losing streak as investors prepare for the demerger record date on October 14.
SpiceJet: The airline announced plans to add 20 aircraft to its operational fleet by November, including one Airbus A340 and two Boeing 737s.
Reliance Industries: The company's board is set to meet on October 17 to approve Q2 FY26 financial results.
InterGlobe Aviation (IndiGo): Goldman Sachs maintains a positive outlook on the company, expecting sustained growth through faster international expansion.
Market Breadth
The overall market sentiment appears mixed, with significant sector-specific movements. While aviation and banking sectors are showing strength, several other sectors are facing considerable pressure. Investors are advised to monitor individual stock performances and sector trends closely.
19
