Mumbai, India – November 10, 2025 – Indian stock markets opened higher today, continuing their recent bullish trend, with the Sensex jumping over 200 points and the Nifty surpassing the 25,550 mark. Positive cues from Asian markets and strong performance in IT stocks fueled the morning rally.
At approximately 9:30 am IST, the S&P BSE Sensex added 205.08 points to reach 82,532.13, while the NSE Nifty50 gained 60.60 points, climbing to 25,287.95.
IT Sector Leads the Charge
The rally was primarily driven by gains in the information technology sector. HCL Technologies and Infosys emerged as top gainers in early trade, with HCLTech shares rising by 1.68%. This surge follows HCLTech's reaffirmation of its full-year revenue growth guidance of 3%–5% and exceeding second-quarter revenue estimates. Infosys also saw a significant boost, climbing 1.07%. Tech Mahindra also contributed to the gains, rising by 1.55%.
Other Key Gainers and Losers
Other notable gainers on the Sensex included Tata Steel, and Bharat Electronics Limited (BEL). Conversely, shares of Trent slipped 6.4% despite the Tata Group's retail arm reporting an 11% year-on-year rise in consolidated net profit for the second quarter of FY26.
Market Sentiment Boosted by Cooling Inflation
Easing retail inflation has further bolstered market sentiment, raising anticipation of a potential rate cut by the Reserve Bank of India (RBI) in December. This expectation has contributed to the positive momentum in the market.
Expert Views
Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Investments, highlighted a shift in investor preference over the past year. He noted the outperformance of large caps (Nifty up by 1.05%) and the underperformance of smallcaps (Nifty Smallcap index down by 4.77%). Vijayakumar also pointed out the significant outperformance of PSU banks (Nifty PSU Bank index up by 16.77%) and the underperformance of IT (Nifty IT down by 16.5%). According to Vijayakumar, IT stocks, particularly the largecaps, are viewed as overvalued by the market since they are facing many headwinds and some strong structural issues.
Global Cues
The domestic market is also taking cues from positive trends in Asian markets, as investors are betting on a potential end to the U.S. government shutdown and anticipating a strong corporate earnings season.
Market Outlook
The Indian stock market is exhibiting resilience, supported by positive corporate earnings, cooling inflation, and favorable global cues. While profit booking may occur, the underlying sentiment remains optimistic, with investors eyeing further gains in the coming sessions.
