Sensex jumps 583 points, Nifty reclaims 25,050 as banking, IT and healthcare stocks rally

Indian equity markets ended the trading session on a positive note, with both the NIFTY 50 and the SENSEX closing with robust gains. The NIFTY 50 surged by 183.40 points (0.74%) to settle at 25,077.65, while the BSE SENSEX climbed 582.95 points (0.72%) to close at 81,790.12. Both indices traded firmly in the green throughout the day, reflecting strong bullish sentiment.

"Among sectors, the IT index gained the most, rallying over 2%, whereas profit booking was seen in the Metal index, which shed nearly 1%. Technically, after a muted opening, the market maintained positive momentum throughout the day. A bullish candle on daily charts and an uptrend continuation formation on intraday charts indicate a further uptrend from the current levels," said Shrikant Chouhan, Head Equity Research, Kotak Securities.

"We believe that the current market texture is bullish, but buying on intraday dips and selling on rallies would be the ideal strategy for day traders. On the downside, 25000–24,950/81500-81300 would act as crucial support zones, while 25,150/82000 and 25,200/82200 could be immediate resistance levels for the bulls. However, below 24,950/81300, the uptrend would become vulnerable," added Chouhan.

Market remained in positive territory through the session, mainly aided by gains in banking, IT and healthcare stocks.

Hospital stocks surged higher after the Central Government Health Services (CGHS) announced revised rates for nearly 2,000 procedures—marking a potential revenue boost for listed healthcare providers. "The new rates take effect October 13, fueling optimism around improved margins and patient volumes. Shares of Aster DM, Fortis, and Max Healthcare jumped between 4% and 8%, while Apollo Hospitals rose nearly 3% on Monday," said Ponmudi R, CEO of Enrich Money, a SEBI-registered online trading and wealth tech firm.

"Despite the upmove, it was not a broad-based rally, indicating that the undertone still remains cautious with a weak bias owing to sharp selling by overseas investors. While global economic uncertainty, coupled with the shutdown of the US government, will weigh on the sentiment, focus will now shift to second-quarter corporate earnings that will give some hint about the health of the companies amidst the delay in the US-India trade deal,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.