Markets Rebound: Nifty up by 0.92% after 8-day slide; Sensex up by 0.89%
RBI’s dovish stance and softer inflation sparked a broad rebound, snapping an eight-day slide as financials and banks led the recovery.
The market today witnessed a strong rebound after an 8-day loss streak, with the Nifty opening at 24,620.55, reaching a high of 24,867.95, and closing at 24,836.30, up by 0.92%. Sensex opened at 80,173.24, made a high of 81,068.43, and closed 0.89% up at 80,983.31.
Reasons for the positive sentiment
Due to several reasons, the market was in the green:
- RBI kept the repo rate unchanged at 5.50% for the second consecutive time. In the MPC meeting, the RBI increased the loan limit for financing IPOs.
- Average Headline CPI Inflation was reduced to 2.6%.
Major Indices Today
The benchmark indices and Bank Nifty and Fin Nifty ended in green after the RBI’s dovish stance on rates and measures announced for the banking sector, like the potential for banks to fund acquisitions.
Sectoral Indices Today
- Nifty IT stocks gave modest gains after overall market recovery and positive global tech sentiment.
- Nifty Pharma and Nifty Healthcare closed in green over the stock-specific news like Pfizer and intraday rally among the stocks like Lupin, Sun Pharma, Laurus Labs, and Biocon up in a range of 2% to 4%.
- Nifty Auto and Nifty FMCG gained on expectations of consumption demand driven by the festive season.
Market Movers Today
- KPIT Technologies shares rose by 3% after management assured investors of its margin guidance.
- Shares of Shriram Finance rose by 3.14% following a news report that Japan’s Mitsubishi UFJ was to acquire a 20% stake in the company; however, the company later clarified the rumors.
- Paytm's share price jumped by 2% after the RBI governor's statement that there are no current proposals to impose any charges on UPI transactions.
Top Gainers
Top Losers
52W High Stocks
52W Low Stocks
High Volume Stocks Today
IPOs
- Glottis and Fabtech Technologies closed today with price bands set at ₹120-₹129 and ₹181-₹191, respectively.
- Advance Agrolife and Om Freight Forwarders are open for subscription until October 3rd, with price bands set at ₹95-₹100 and ₹128-₹135, respectively.
Allotment Status
Pace Digitek shares allotted today. Investors can check the allotment status online through the websites of BSE and NSE.
Listed Today
Jain Resource Recycling shares were listed at a 14.33% premium at ₹265.25 per share on the NSE. The price band set was ₹220-₹232.
Market Announcements
- Pfizer shares climbed by 8% at ₹5,442 on NSE after the company agreed to lower prescription drug costs for Medicaid under a deal with the Trump administration.
- Tata Motors fixed October 14, 2025, as the record date for its commercial vehicles demerger. Post demerger, the commercial vehicles unit will be listed separately in November as Tata Motors Ltd and the passenger vehicles entity will be renamed as Tata Motors Passenger Vehicles Ltd.
References:
- RBI Raises IPO Loan Limit To Rs 25 Lakh, Eases Lending Rules For Banks
- KPIT Tech higher by 3 percent after big fall, management assures on margin guidance
- Shriram Finance stock jumps over 5% after report of stake sale to Mitsubishi UFJ; company clarifies on speculation
- UPI to remain free of any charges, says RBI guv Malhotra; Paytm stock jumps
- Pfizer shares jump 8% on Medicaid deal with Trump
- Tata Motors sets October 14 as record date for demerger of CV business
