Sensex Soars 660 Points, Nifty Shatters 25,500 Barrier as Axis Bank and Kotak Mahindra Lead Private Banking Rally

Indian markets erupt with bullish momentum as banking giants fuel unprecedented gains.

Private Banking Power Surge

Axis Bank and Kotak Mahindra spearhead the charge, driving the sector to dominate today's trading session. The 660-point Sensex surge represents one of the most significant single-day gains this quarter, while Nifty's breakthrough past the 25,500 psychological barrier signals renewed institutional confidence.

Market Momentum Unleashed

Banking stocks absorb massive buying pressure as institutional investors reposition portfolios. The relentless upward trajectory defies traditional valuation metrics—because when momentum takes over, fundamentals become mere suggestions rather than rules.

Traditional finance finally remembers what crypto markets never forgot: sometimes the only analysis that matters is which way the money's flowing. Banking on banks while they're hot—what could possibly go wrong?

Top gainers & losers intraday

Shares of Nestle India, Titan, Kotak Mahindra Bank, M&M and Tata Motors led the gainers of Nifty 50, while HDFC Life, Shriram Finance, Infosys, SUN Pharma and TCS depreciated the most.

The private bank index surge follows Axis Bank’s Q2 results. The stock rose nearly 4 per cent in early trade today.

The market showed strong activity with a total of 3,062 stocks traded on the National Stock Exchange at the time of writing, of which 1,777 stocks advanced, 1,179 declined, and 106 remained unchanged.

Canara Bank, Indian Bank, BoM, HDFC AMC hit 52-week high

The market saw 72 stocks reaching their 52-week highs, including Bajaj Finance, HDFC AMC, Eternal, Canara Bank, Indian Bank and Bank of Maharashtra, while 50 stocks hit their 52-week lows. Additionally, 67 stocks were in the upper circuit, reflecting significant buying momentum, whereas 38 stocks were in the lower circuit, indicating substantial selling pressure.

Overall, the statistics suggest a bullish sentiment prevailing in the market, supported by widespread gains across a large number of stocks.

Under the midcap segment, Oberoi Realty, BSE, Godrej Properties, Swiggy and Bharti Hexacom surged 3-5 per cent, while KEI Industries, MFSL, Coromandel, Glenmark and IDFC First Bank depreciated 2-6 per cent.

In the smallcap basket, BLS International, Ola Electric, Whirlpool, KPIL soared 2-10 per cent, while Anant Raj, Delhivery and IGIL dropped 2-3 per cent.

Shares of Nestle and IOB reacted to Q2 numbers announced today. Eternal, Wipro, Jio Financial, Cyient, LTIMindtree, PSB, Waaree Energies, Zee Entertainment to announce results later in the day. Follow our live

Published on October 16, 2025

• Nestle India Ltd
• Titan Company Ltd
• Kotak Mahindra Bank Ltd
• Tata Motors Ltd
• Mahindra & Mahindra Ltd
• HDFC Life Insurance Company Ltd
• Infosys Ltd
• Wipro Ltd
• Tata Consultancy Services Ltd
• Sun Pharmaceuticals Industries Ltd
• Axis Bank Ltd