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Summary:

Muhurat Trading showed positive market sentiment with gains in Sensex and Nifty, driven by IT, banking, auto, and pharma sectors. Analysts are optimistic about further Nifty gains. Market fear, as indicated by the India VIX, has decreased. Foreign investors were net buyers, while domestic institutional investors (DIIs) were net sellers. ETMarkets.com encourages readers to follow them on Telegram for market updates and to subscribe to ET Prime. Several trending stocks are mentioned, along with other business headlines.

News Article:

Sensex, Nifty Surge in Muhurat Trading; Optimism Remains Cautious

Mumbai – Indian stock markets witnessed a positive start to the new Samvat year during Muhurat Trading, with the Sensex climbing to 84,600 and the Nifty approaching 25,900. Gains were primarily fueled by strong performance in the IT, banking, auto, and pharmaceutical sectors.

Market analysts suggest potential for further upside in the Nifty, supported by a forward price-to-earnings ratio slightly above the average. The India VIX, a measure of market volatility, declined, signaling reduced investor anxiety.

Foreign portfolio investors (FPIs) displayed confidence in the Indian market, with net purchases of shares worth Rs 97 crore on Tuesday. However, Domestic Institutional Investors (DIIs) were net sellers, offloading shares worth Rs 607 crore.

Investors are closely watching trending stocks such as SBI, Axis Bank, HDFC Bank, Infosys, Wipro, and NTPC. Market participants are advised to stay tuned to ETMarkets.com and their Telegram channel for real-time updates, investment strategies, and expert analysis, especially concerning Budget 2025.

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