October Market Rally: Hindalco, SBI, JSW Steel Lead 11 Nifty 50 Stocks to Record Highs

If you stayed invested this month, your portfolio probably looks brighter than Diwali lights!

October has turned out to be a blockbuster month for Dalal Street, with 11 Nifty 50 giants — including Hindalco, SBI, JSW Steel, Bharti Airtel, and Bajaj Finance — hitting record highs.

The Nifty 50 index jumped over 5.5% this month, fueled by festive buying, strong earnings, and a wave of positive policy cues.

Investors now say — “This Diwali came early for the stock market!”

Bull Run: 11 Stocks That Hit Lifetime Highs

India’s benchmark index has notched up four straight weekly gains, its best run of 2025.

Riding on strong domestic growth and easing global jitters, the index is already up nearly 10% year-to-date — keeping its decade-long winning streak alive.

🏦 Stock 💰 Record Price (₹)

Hindalco Industries 845

Bajaj Finance 1,102.50

State Bank of India 928

Larsen & Toubro 3,966.20

Bajaj Finserv 2,195

Bharti Airtel 2,094

Maruti Suzuki India 16,660

HDFC Bank 1,020.50

Grasim Industries 2,934

JSW Steel 1,178.80

Apollo Hospitals 8,099

Source: Trendlyne

Among sectors, banks, autos, and metals have led the charge — with SBI and Hindalco becoming investor favorites.

Banking, Auto, and Metal Stocks Lead the Charge

Strong Q2 results from lenders like SBI, HDFC Bank, and Bajaj Finance have ignited fresh buying momentum.

Meanwhile, Maruti Suzuki reached an all-time high as festive season bookings surged across showrooms.

Metals weren’t left behind either — Hindalco and JSW Steel scaled new peaks, supported by rising global commodity prices and strong export demand.

IT Stocks Finally Wake Up

After months of lagging behind, India’s IT sector made a strong comeback, with the Nifty IT index rising 7.35% in October — its best monthly gain in almost a year.

Top IT firms reported better-than-expected quarterly results, while hopes of a U.S. Fed rate cut boosted global tech sentiment.

Policy Push + Festive Demand = Perfect Storm

Market optimism also got a lift from favorable trade developments.

Reports suggest the U.S. may ease import duties on Indian goods, while India plans to allow more U.S. agricultural imports — a move seen as mutually beneficial.

Domestically, the RBI’s accommodative stance and government measures to spur consumption have added further strength, just as festive buying hits record levels.

Expert Take

“This rally reflects confidence in India’s long-term growth story. The earnings momentum and festive boost are strong signs that domestic demand is intact,”

— Market Analyst, Mumbai-based brokerage.

Bottom Line

From Hindalco’s rise to SBI’s surge, October proved that India’s equity markets are still the place to be.

Analysts expect short-term corrections, but the long-term story remains bullish.

If you missed this rally, keep your watchlist ready — the next breakout might be just around the corner.

Quick Insight

📈 Nifty 50 up 5.5% in October

🏦 11 stocks hit record highs

🎉 Strong festive demand & policy tailwinds

💻 IT index logs biggest gain in 11 months