Positive close for Dalal Street: Nifty up by 0.12%, Sensex by 0.17%
Nifty and Sensex closed higher as energy, auto, and pharma stocks led the market rally, while Vodafone Idea surged 8.4% on strong gains.
The market today closed in the green. Nifty opened at 25,085.30, made a high of 25,220.90, and closed at 25,108.30, up by 0.12%. Sensex opened at 81,883.95, made a high of 82,309.56, and closed 0.17% up at 81,926.75.
Reasons for the positive sentiment
The market was in the green due to several reasons, such as:
- Positive pre-quarter earnings boosted confidence in the economy.
- A strong rally in the auto and energy sectors is driven by rising demand and higher crude oil prices.
Major Indices Today
- Both benchmark indices traded higher, led by a strong rally in energy, oil and gas, pharma, and telecom stocks.
- The Bank Nifty and FinNifty traded higher due to healthy loan growth and improved earnings outlook for banks.
- Nifty Next 50 traded higher, supported by strong DII inflows.
Sectoral Indices Today
- Nifty IT declined due to weak global demand, concerns over the U.S. H-1B visa, and FII outflows.
- Nifty Auto gained as car and bike manufacturers are observing a steady demand, and investors expect good sales and better profits in Diwali 2025.
- Nifty FMCG dropped as investors shifted from safer, defensive stocks to high-growth sectors amid the market rally.
- Nifty Pharma gained over stock-specific news, such as Medico Remedies, which received a government order worth USD 1,781,000 from Turkmenistan’s Ministry of Health and Medical Industry, and Aster DM Healthcare gained approval to merge with Quality Care India.
- Nifty Oil & Gas traded positively, supported by rising global crude oil prices and strong energy demand.
Market Movers Today
- Metropolis Healthcare shares rose by 4.5% after the company reported a revenue growth of 23% YoY for Q2FY26.
- Coal India shares rose by nearly 1.22% after the company signed an MoU with Chhattisgarh Mineral Development Corporation for collaboration in the exploration & exploitation of critical minerals.
- Bank of India shares rose by 2.7% after the bank reported a growth in domestic advances by 14.6% YoY for Q2FY26.
- KIOCL share price dropped to 10% lower circuit after rallying up to 51% in a 3-day trading session. The decline in share price is due to profit booking by investors.
Top Gainers
Top Losers
52W High Stocks
52W Low Stocks
High Volume Stocks Today
IPOs
- LG Electronics opened today for subscription and will close on October 9th, with a price band set at ₹1080-₹1140.
- The Tata Capital IPO is open for subscription and will close on October 8th, with a price band of ₹310-₹326.
- WeWork India Management closed today. The price band was ₹615-₹648
Listed Today
Fabtech Technologies shares were listed at a 0.52% premium at ₹192 per share on the NSE and ₹191 on the BSE. The price band set was ₹181-₹191.
Market Announcements
- Dilip Buildcon's share price rose by 3% after the company received LoA for developing solar PV power projects in Madhya Pradesh.
- Shares of Paytm rose by 2.5% after the company launched its first AI business device for small and medium businesses.
References:
- Metropolis Healthcare shares jump over 4% as revenue surges 23% YoY in Q2 update
- Coal India shares gains on MoU with CMDC for critical mineral exploration
- Bank of India shares rise to four-month high on strong Q2 update
- KIOCL shares hit 10% lower circuit, Tata Investment, Orient Tech shares plunge up to 8% on profit booking
- Dilip Buildcon shares rise nearly 3% on 100 MW solar PV power project win
- Paytm launches AI soundbox for payments at Global Fintech Fest, shares rise 2.5%
