India`s Nifty, Sensex higher as IT stocks, Titan rise

Oct 8, 2025, 11:44 GMT+7
By Bharath Rajeswaran and Vivek Kumar M
Reuters - India's stock benchmarks rose on Wednesday, lifted by IT stocks ahead of quarterly results and Titan after the jeweller reported an 18% rise in September-quarter domestic sales.
The Nifty 50 rose 0.23% to 25,164.85, while the BSE Sensex added 0.29% to 82,156.91 as of 10:11 a.m. IST.
Six of the 16 major sectors logged gains, while the broader small-capsand mid-capstraded flat.
"The short-term uptrend of Nifty remains intact, but the market has started to show signs of profit booking from the higher levels, which could cap gains," said Nagraj Shetti, senior technical research analyst at HDFC Securities.
The IT indexgained 1.7% ahead of the quarterly results of the country's No. 1 software services firm Tata Consultancy Serviceson Thursday. TCS rose 2.1%.
Titanjumped 4% after its pre-quarterly update, which Nomura termed "much better than estimated" since it came despite a high base and a rise in gold prices.
"The broader market sentiment remains positive with investors tracking pre-quarterly business updates ahead of the September quarter results season," said Siddhartha Khemka, head of research of wealth management at Motilal Oswal Financial Services.
Heavyweight financialsand banksinched lower, dropping 0.1% and 0.2%, after rising in the last six sessions, helped by RBI's measures to boost bank lending and positive pre-earnings updates from banks for the September quarter.
SBI Cardsrose 2% after Motilal Oswal said asset quality and margins should improve on stronger economic activity and consumption from GST cuts.
Salzer Electronics surged 13% after winning a patent for a compact high-voltage safety device, while Saatvik Green Energygained 2.5% on a 4.88 billion-rupee solar module order.
($1 = 88.7680 Indian rupees)

Sumber : Reuters