After opening the day marginally higher, the Indian benchmark climbed further as the session progressed and ended the day higher.

Indian equity benchmark indices settled in green on Thursday, driven by a positive rally in IT, metal, and pharma stocks, amid optimism over easing geopolitical tensions in the Middle East and expectations of renewed foreign investor inflows.

At the closing bell, the BSE Sensex closed higher by 398 points (up 0.5%).

Meanwhile, the NSE Nifty closed 135 points higher (up 0.5%).

Tata Steel, HCL Tech, and JSW Steel are among the top gainers today.

Axis Bank, Titan, and Bharti Airtel, on the other hand, were among the top losers today.

The GIFT Nifty was trading at 25,277, up by 185 points at the time of writing.

The BSE MidCap index ended 0.2% higher, and the BSE SmallCap index ended 0.6% higher.

All sectoral indices were trading on a positive note with stocks in the metal sector, realty, and healthcare sectors witnessing buying.

The rupee is trading at 88.79 against the US$.

Gold prices for the latest contract on MCX are trading Flat at Rs 123,108 per 10 grams.

Meanwhile, silver prices were trading Flat at Rs 149,841 per 1 kg.
 

Why MCX & Hindustan Zinc share Price is Rising

In the news, shares of Multi Commodity Exchange (MCX) and Hindustan Zinc surged in trade on 9 October 2025, buoyed by optimism over silver's ongoing rally. Domestic silver prices continued their upward trajectory, although futures experienced profit booking at elevated levels.

MCX shares gained nearly 7% to trade at Rs 8,748.50, emerging as one of the top performers on the Nifty Capital Markets index, which rose over 2%. Hindustan Zinc, India's largest silver producer, saw its stock climb almost 5% on Thursday.

Silver prices showed some volatility during the day. While domestic rates rose, December silver futures on MCX declined over 0.6% to Rs 1,48,945 per kilogram at 1:30 pm, following a day when contracts had touched fresh all-time highs.

MCX holds a dominant market share exceeding 98% in commodity futures. It was the first national-level online commodity derivatives exchange in India, incorporated in 2002 and operational from 2003, giving it a first-mover advantage and strong network effect.

While, Hindustan Zinc Ltd (HZL) is India's leading zinc-lead producer and a heavyweight in the global metal space.
 

Why Pharma Stocks are Rising?

Moving on to news from the pharma sector, the shares of pharma companies climbed up to 4% on October 9 after a report said Donald Trump administration isn't planning to impose tariffs on generic drugs from foreign countries.

The Nifty Pharma index was up 0.9% on the day, with Aurobindo Pharma and Lupin leading the gains, rising 4% and 3.4%, respectively. Dr Reddy's Laboratories and Zydus Lifesciences also saw their shares climb 2% and 1.4%, respectively.

According to a Wall Street Journal report, the exclusion of generic medicines from tariffs is under serious consideration, though a final decision has not yet been made. The report added that the administration is also exploring alternative measures, such as federal grants or loans, to boost domestic production of critical generic drugs and reduce reliance on foreign suppliers, including India.
 

L&T Wins Ultra Mega Order

Moving on to news from engineering sector, shares of Larsen & Toubro Ltd rose 1.49 percent to Rs 3,785.40 on Thursday after the company announced that its Hydrocarbon Onshore business had secured an ultra-mega order worth over Rs 150 billion (bn) for setting up a Natural Gas Liquids (NGL) plant and allied facilities in the Middle East.

The order was awarded to L&T Energy Hydrocarbon Onshore in consortium with Greece-based Consolidated Contractors Group S.A.L. (Offshore) (CCC).

Under the consortium arrangement, L&T will act as the lead partner responsible for engineering and procurement, while CCC will handle construction activities.

The project involves engineering, procurement, construction, installation, and commissioning of an NGL plant designed to process Rich Associated Gas (RAG) and produce value-added products such as lean sales gas, ethane, propane, butane, and hydrocarbon condensate.

L&T Energy Hydrocarbon Onshore is one of India's largest EPC businesses, with a strong track record in refinery expansions, petrochemical complexes, gas processing plants, fertiliser units, LNG terminals, and cross-country pipelines.

Larsen & Toubro (L&T) is a household name in Indian engineering. It builds airports, metros, refineries, and power plants. The company is now bringing that scale to the data centre market through its L&T Cloudfiniti platform.
 

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