Nifty, Sensex Open Higher as Pharma Stocks Boost Market Sentiment; Focus Turns to TCS Q2 Earnings
Nifty and Sensex opened higher on October 9, 2025, as pharma stocks lifted sentiment. Focus shifts to TCS Q2 earnings. Analysts advise buy-on-dips strategy with key resistance at 25,250.
Nifty and Sensex open in green on October 9, 2025, as pharma and IT stocks drive early market gains.
The benchmark indices opened on a positive note because of pharma and IT, with the announcement of TCS September quarter earnings all set to mark the opening of the Q2 FY26 earnings season.
At 9:15 am, the Sensex was trading at 81,877.99, up by 104.33 points or 0.13%, while the Nifty 50 was up by 32.75 points, or 0.13%, to 25,078.90. The market breadth was mildly positive, with 172 shares advancing as against declines in 116 shares while 25 shares remained unchanged.
Sectoral Highlights
The Nifty Pharma index led the rally with nearly 1% gains, while the healthcare and realty sectors rose up to 1.3%. Other sectors such as IT, media, and oil & gas were also trading in the green. In contrast, FMCG, auto, and consumer durables saw mild profit booking.
Earnings Season Kickstarts with TCS
All eyes are on TCS, which is set to report its Q2 FY26 earnings later today. Analysts are divided on the company’s performance outlook — with some expecting muted single-digit growth, while others project up to 9.6% year-on-year profit growth.
“Overall Q2 earnings are likely to remain modest. The market will be closely watching real-economy sectors such as automobiles and consumer electronics for cues,”
said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
He added that strong consumer demand in these categories could reflect in improved results from Q3 onwards, while digital platform companies continue to show resilience and long-term growth potential.
Technical View
The Nifty could face resistance near 25,200-25,250, while immediate support exists at around 24,950-24,900, explained Amruta Shinde, Technical & Derivative Analyst at Choice Broking.
"Traders should maintain a cautious buy-on-dips approach and only initiate fresh long positions if Nifty holds above 25,250," Shinde said. “Profit booking on rallies and maintaining tight stop-losses are advisable amid ongoing volatility.”
Market Outlook
According to analysts, the immediate trend is likely to remain range-bound between 24,900 and 25,200; however, overall sentiment retains a cautious bullish stance. Traders should keep an eye on global cues, corporate earnings, and key breakout levels for market direction in the upcoming sessions.
