Nifty 50 stocks like Hindalco and SBI hit record highs this October, contributing to over 5.5% gains this month. Positive earnings from banks and tech boosts, along with favorable government policies and festive consumer sentiment, have enhanced market optimism amid improved domestic conditions.
Hindalco Industries, Bajaj Finance, State Bank of India, Bharti Airtel, and JSW Steel are among more than 10 Nifty 50 stocks that have scaled fresh record highs so far in October, as the Indian stock market continues to trade higher. Improving domestic macros, easing global trade tensions, and the return of overseas investors are sending frontline indices closer to their record highs.
The Nifty 50 has remained higher in seven of the last eight sessions and ended last week in the green, extending its weekly winning streak to four — the first such instance in 2025 — pushing the index up by over 5.5% so far in October.
The recent rally has also driven the index to surge nearly 10% in 2025 to date, putting it on track to register its tenth consecutive year of positive performance.
Traders also reacted positively to the figures, sending banking and NBFC stocks such as Bajaj Finance, State Bank of India, Bajaj Finserv, and HDFC Bank to new record highs in October.
Auto stocks have also been in the spotlight this month, as reports of robust festival bookings across segments have raised expectations of stronger performance in the second quarter of this fiscal.
Among the auto pack, Maruti Suzuki India was the only stock to hit a fresh all-time high, while others are trading just below their record peaks. In the metals pack, Hindalco Industries and JSW Steel registered new peaks.
Other notable gainers include Larsen & Toubro, Grasim Industries, and Apollo Hospitals Enterprises, which also touched record highs during the month.
Additionally, the cooling inflation in the U.S. has strengthened expectations of a potential U.S. Federal Reserve rate cut — a move that analysts believe could boost discretionary spending in the world’s largest economy and, in turn, drive more technology deals.
The recent improvement in market sentiment also reflects the impact of government and RBI policy measures aimed at stimulating domestic consumption.
Reports indicate that festive buying has remained robust, and initiatives such as recent GST rate cuts have started showing results through improved urban consumer sentiment.
