Nifty and Sensex Surge Over 1% as Aviation Sector Takes Flight
Indian stock markets closed strong on October 16, with Nifty 50 and BSE Sensex gaining over 1%. Aviation sector led with a 6.67% surge, while energy stocks plummeted 13.39%. Market breadth was positive with 2,491 advancing stocks out of 4,544 traded. TCS, Axis Bank, and HCLTech were among the buzzing stocks, with TCS announcing AI-led growth plans and Axis Bank projecting strong advances growth.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed on a strong note on October 16, 2025, with both the Nifty 50 and BSE Sensex registering gains of over 1%. The positive sentiment was driven by robust performance in select sectors, particularly aviation.
Key Market Indicators
| Index | Closing Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 25,585.30 | 261.75 | 1.03% |
| BSE Sensex | 83,467.66 | 862.23 | 1.04% |
Sectoral Performance
The aviation sector emerged as the top performer, while energy stocks faced significant headwinds.
Top Performing Sectors
| Sector | Average % Change |
|---|---|
| Aviation | 6.67% |
| Printing & Stationery | 2.22% |
| Transport | 0.98% |
| Trading | 0.72% |
Top Losing Sectors
| Sector | Average % Change |
|---|---|
| Energy | -13.39% |
| Commercial Services | -11.24% |
| Logistics & Cargo | -8.34% |
| Retail | -7.40% |
| Financial Services | -6.53% |
Market Breadth
The overall market breadth was positive, with more stocks advancing than declining.
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,544 |
| Positive | 2,491 |
| Negative | 2,053 |
Buzzing Stocks
Several stocks made headlines during the trading session:
TCS: Reported 0.8% sequential revenue growth in Q2, with operating margins at 25.2%. Announced plans to become the world's largest AI-led technology services company.
Axis Bank: Expects advances to grow 300 basis points ahead of the industry over the next 3-5 years. Q2 net profit fell to 50.9 billion rupees, missing estimates.
HCLTech: Set October 16 as the ex-dividend date for its second interim dividend of Rs 12 per share. Q2 consolidated net profit increased 10.2% sequentially to Rs 4,235 crore.
Persistent Systems: Executed a block trade of approximately 96,190 shares at Rs. 5,785 per share on the NSE.
Avenue Supermarts: Opened a new store in Hassan, Karnataka, bringing its total store count to 434.
Kajaria Ceramics: Reported Q2 consolidated revenue of Rs 1,186.01 crores with a profit of Rs 133.98 crores. Declared an interim dividend of Rs 8 per equity share.
Eternal: Faced challenges from weaker consumer spending and increased competition, but reported improvements in food delivery and quick commerce segments.
Hyundai Motor India: Appointed Tarun Garg as managing director and CEO, effective January 1, 2026. Announced a ₹45,000 crore investment plan through FY2030.
HDFC AMC: Released ESOP expense guidance for upcoming years and expects operating costs to increase by 12-15% annually.
HDFC Life: Maintained its previous guidance from Q1 and expects normal Value of New Business (VNB) delivery by FY27.
HDB Financial Services: Reported a 1.7% decline in Q2 profit to ₹581 crore, missing analyst estimates due to higher provisions.
Conclusion
The Indian markets demonstrated resilience, with the Nifty 50 and Sensex both closing over 1% higher. The aviation sector led the gains, while energy stocks faced significant pressure. Market breadth remained positive, indicating broad-based participation in the day's rally.
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