On October 6, the Indian stock market closed on a high note. The Nifty50 index surpassed the significant mark of 25,000 points, finishing at 25,077.65, an increase of 183 points (0.74%). This marks the third consecutive day of gains for the Nifty. The Sensex also saw a rise, gaining 582.95 points (0.72%) to end at 81,790.12. The surge in the market is attributed to strong performance from banking and IT stocks. Recent modifications in central bank lending regulations have boosted investor confidence. The IT sector experienced a rise of over 2%, with anticipation of positive earnings from companies like TCS, which is set to report on October 9.
Additionally, Midcap and Smallcap stocks saw increases, albeit more modestly, with Midcap100 up by 0.7% and Smallcap100 up by 0.1%.