905‑point rally lifts BSE’s Sensex to 74,151 as FIIs dump ₹944 crore in Indian equities, according to provisional exchange data. NSE’s Nifty posted a 238‑point gain, settling at 22,937, while the Nifty Bank index surged 642 points to 54,910 and the midcap index climbed 567 points to 57,842.
FIIs bought ₹13,400 crore of shares and sold ₹14,344 crore, leaving a net outflow of ₹943.6 crore; the previous session saw them as net buyers of ₹871.8 crore, buying ₹24,518 crore and selling ₹23,646 crore. DIIs, in contrast, purchased ₹18,459 crore and sold ₹16,534 crore, netting an inflow of ₹1,924 crore.
Sector‑level gains were led by FMCG, PSU banks and real estate, each posting double‑digit point advances. Real‑estate stocks like DLF rose over 4% in the final hour, while PSU banks and FMCG maintained steady momentum.
Equitas Small Finance Bank fell 12% after its MD‑CEO resigned, citing conflict‑of‑interest concerns. Birlasoft jumped 12% on robust Q2 results, V‑Guard added nearly 8% on strong earnings, and Laurus Labs gained 3% after beating estimates. Hero MotoCorp slid more than 4% following earnings call commentary, Hexaware fell 6% after narrowing EBITDA guidance, and RR Kabel dropped nearly 4% after trimming volume growth guidance.
Jio Platforms recovered to end with modest gains after its market capitalisation crossed ₹13.5 trillion during the session, signalling resilience amid the broader sell‑off.
Looking ahead, FIIs may continue net selling as they reassess exposure, while DIIs are poised to keep buying. Market‑watchers should anticipate trading within the 74,200‑74,600 range for Sensex. Upcoming earnings on Oct 30 from a handful of names could further shape sentiment.