Markets at Noon: Nifty and Sensex Surge, Energy Sector Faces Headwinds
Indian stock markets show strong positive momentum at midday, with Nifty 50 up 0.81% and BSE Sensex up 0.87%. Castings, Forgings & Fastners sector leads with 4.71% gain, while Commercial Services lags at -17.91%. Buzzing stocks include Reliance Industries, JSW Steel, and Hindustan Unilever, driven by various corporate developments and quarterly results. The market displays resilience despite mixed sectoral performance, with investors closely monitoring key stocks amid evolving market dynamics.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are showing strong positive momentum at midday on October 23, 2025. Both the Nifty 50 and BSE Sensex have registered significant gains, indicating a bullish sentiment among investors.
Key Market Indicators
| Index | Current Price | Previous Close | Change | % Change |
|---|---|---|---|---|
| Nifty 50 | 26,077.00 | 25,868.60 | 208.40 | 0.81% |
| BSE Sensex | 85,160.63 | 84,426.34 | 734.29 | 0.87% |
Last Updated: 23/10/2025 12:01:25
Sectoral Performance
The market is witnessing a mixed performance across sectors:
Top Performing Sectors
| Sector | Average % Change |
|---|---|
| Castings, Forgings & Fastners | 4.71% |
| Trading | 1.27% |
| Banks | 0.83% |
| Power | 0.49% |
Underperforming Sectors
| Sector | Average % Change |
|---|---|
| Commercial Services | -17.91% |
| Energy | -13.69% |
| Leisure Services | -10.37% |
| Financial Services | -8.39% |
Buzzing Stocks
Reliance Industries: The company's shares rose 0.97% to Rs 1,478.00 following reports of increased Middle Eastern crude oil purchases. This move comes amid Western pressure on India to reduce Russian energy reliance. Reliance has been making inquiries to suppliers for oil similar in quality to Russian crude, as it plans to significantly reduce its Russian oil imports in response to EU and US sanctions.
JSW Steel: The company's Co-CEO announced plans to begin construction of their Odisha steel plant within a year. JSW Steel is actively searching for new iron ore mines to meet growing demand for raw materials.
RBL Bank: Fitch Ratings stated that RBL Bank's acquisition will not affect the credit rating of Emirates NBD. The rating agency has assessed that the transaction will have no impact on Emirates NBD's current rating status.
Dalmia Bharat Limited: The company reported strong quarterly results with revenue growth of 11% year-on-year to Rs 3,417.00 crores and EBITDA growth of 60% to Rs 696.00 crores. The company achieved Rs 1,013.00 per ton EBITDA, marking the second consecutive quarter of four-digit cement EBITDA per ton.
Infosys: The company's promoters and promoter group members, including Nandan M Nilekani and Sudha Murty, have decided not to participate in the company's Rs 18,000.00 crore share buyback program. The board approved this largest-ever buyback on September 11, 2025, to purchase 10 crore shares at Rs 1,800.00 per share.
Tejas Networks: The company's shares declined 1.5%, extending losses following its September quarter results. Tejas Networks has begun shipping IP-MPLS routers and management systems for the BharatNet Phase III project covering multiple states and union territories.
L&T Technology Services: The company has been recertified at Caterpillar's 2025 Supplier Excellence Recognition event, marking the second consecutive year of recognition. This highlights LTTS' consistent delivery, quality standards, and commitment to its strategic relationship in the Mobility segment.
Hindustan Unilever Limited (HUL): The company announced its quarterly results with total sales of Rs 16,061.00 crores, representing 2% growth. HUL reported profit after tax of Rs 2,694.00 crores, up 4% from the previous year. The company anticipates that the second half of FY26 will deliver better performance compared to the first half.
Indian Overseas Bank: The bank achieved an all-time high net profit of Rs 1,226.00 crores for the quarter ended September 30, 2025, marking a 57.79% year-on-year increase. The bank reported strong business growth with total business mix reaching Rs 617,034.00 crores, up 14.1% year-on-year.
Conclusion
The Indian stock markets are showing resilience with both Nifty 50 and BSE Sensex posting gains. While sectors like Castings, Forgings & Fastners and Trading are leading the rally, Energy and Commercial Services sectors are facing significant headwinds. Investors are closely watching the performance of key stocks like Reliance Industries, JSW Steel, and Hindustan Unilever as they navigate through various market dynamics and corporate developments.
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