Mumbai | Oct 9, 2025, 09:20 IST — Indian equities opened in positive territory on Thursday, buoyed by firm IT stocks ahead of Tata Consultancy Services’ (TCS) quarterly earnings announcement later today.
Opening Gains
The Sensex rose around 180 points to 67,420, while the Nifty 50 climbed 55 points to 20,355 in early trade. Market participants cited firm overnight cues from U.S. technology shares and expectations of stable earnings from domestic IT majors as the primary drivers.
Infosys, Wipro, and Tech Mahindra were all higher in the opening bell, reflecting investor positioning ahead of TCS’s results. Broader indices also extended gains, with the BSE MidCap and SmallCap indices up nearly 0.3%, suggesting positive market breadth.
IT in Focus Ahead of TCS
The spotlight is firmly on the IT index, with TCS scheduled to report September-quarter numbers after market hours. Investors are watching for commentary on U.S. client spending, large deal wins, and margin performance.
Sectoral peers such as Infosys (+1.2%), Wipro (+0.9%), and Tech Mahindra (+1.1%) were trading higher, anticipating that TCS will set a constructive tone for the entire IT earnings season.
“Markets want confirmation that discretionary spending by U.S. and European clients has stabilized. If TCS delivers steady growth, it could lift sentiment across the IT pack,” said a Mumbai-based fund manager.
Global Backdrop
Overnight, the Nasdaq Composite gained, providing a supportive backdrop for Indian IT counters that draw a large share of revenues from overseas. Bond yields in the U.S. were stable, and the dollar index eased slightly, further improving risk appetite in emerging markets.
Asian peers traded mixed, but India outperformed at the open, helped by sector-specific optimism.
By the Numbers
| Index / Stock | Level | Change |
|---|---|---|
| Sensex | 67,420 | ▲ +180 pts |
| Nifty 50 | 20,355 | ▲ +55 pts |
| Infosys | ₹1,565 | ▲ +1.2% |
| Wipro | ₹466 | ▲ +0.9% |
| Tech Mahindra | ₹1,352 | ▲ +1.1% |
Broader Sector Moves
- Banks & Financials: Mixed, with ICICI Bank edging up and HDFC Bank flat.
- Energy: ONGC and Reliance Industries traded steady, tracking flat crude prices.
- Autos: Maruti Suzuki and M&M posted mild gains on festive demand optimism.
Market Sentiment
Analysts suggested the market’s near-term trajectory depends heavily on corporate earnings. “TCS will be the bellwether. If results and commentary are solid, the IT index could see a follow-through rally. But any margin pressure could quickly reverse optimism,” said a dealer.
Risks Ahead
- Global bond yields and U.S. inflation data may sway foreign portfolio inflows.
- A negative surprise in IT results could trigger profit-taking in heavyweight stocks.
- Oil prices remain a key swing factor for sentiment.
Outlook
The Nifty is seen facing resistance at 20,400, while support lies at 20,250. With IT results set to guide sentiment, traders are preparing for sector-led volatility. Broader market participation suggests confidence, but global macro events remain an overhang.
