Sectoral Snapshot Today, October 9, 2026: IT, FMCG, PSU Bank Stocks Rally; TCS, ITC, Apollo Hospitals Lead Nifty Gainers

Mumbai, October 9: Information technology, fast-moving consumer goods (FMCG) and public sector banking stocks led a broad-based recovery in Indian equities on Friday, with the Nifty IT index climbing 3% and the Nifty FMCG index advancing 2.2% after the previous session’s sharp sell-off. Buying in heavyweight stocks such as Tata Consultancy Services (TCS), ITC and Apollo Hospitals helped the Nifty 50 rise 1.30% to 22,520, while the Sensex gained 1.23% to close at 72,472. 

The rebound came as investors bought beaten-down shares, although concerns over elevated crude oil prices, foreign fund outflows and tighter monetary policy continued to weigh on sentiment. 

TCS, HCL Technologies, Infosys lift IT stocks 

The Nifty IT index was the best-performing major sectoral gauge, rising 3% as investors returned to technology stocks. TCS shares gained 3.8%, supported by the company’s September-quarter results, which pointed to an acceleration in artificial intelligence-related revenue and growth in international business. 

HCL Technologies advanced 3.4%, while Infosys rose 2.6%, contributing to the sector’s recovery. Tech stocks shrugged off concerns over US regulatory measures affecting Indian outsourcing companies. TCS said the suspension of firms from the US Permanent Labor Certification Program was not expected to materially affect its workforce strategy or client engagements. 

ITC leads FMCG rally; PSU banks advance 

The Nifty FMCG index climbed 2.2%, with ITC emerging as a key contributor after its shares surged 4.3%. The buying in consumer stocks added to the broader market recovery as investors sought opportunities following recent declines. 

Public sector banking stocks also advanced, with the Nifty PSU Bank index rising 1.6%. State Bank of India rose 2%. The Nifty Bank gained 1.4%, reflecting buying across banking shares, with private sector lenders Kotak Mahindra Bank and HDFC Bank rising 1.4% and 2.2% respectively. The auto index rose 1.4%, while the metal index advanced 1.1% and the media index gained 1.2%. 

Apollo Hospitals, Eicher Motors among top gainers 

Healthcare, automobile and infrastructure-linked stocks also participated in the rally. Apollo Hospitals shares jumped 4.7%, while Eicher Motors gained 4.2% and Adani Ports advanced 3.1%. 

Financial stocks including Shriram Finance and HDFC Life rose 2.5% and 2.2%, respectively. Tata Motors Passenger Vehicles also gained 2.5%, adding to the strength in auto stocks. 

The recovery extended to the broader market, with the Nifty Midcap 100 rising 1.6% and the Nifty Smallcap 100 advancing 0.5%. India VIX, which measures expected market volatility, fell around 6%, indicating some easing of near-term uncertainty. 

Despite Friday’s gains, the outlook remains vulnerable to high crude oil prices, foreign investor selling and concerns over monetary tightening. Investors will track global market cues and September-quarter earnings for signs of a sustained recovery. 

Source

•  NSE