Stock Market closes in Red: Nifty at 24,611.10, Sensex at 80,267.62
Despite Bank Nifty gains, FII selling and RBI uncertainty pressured benchmarks, leaving Nifty down at 24,611.10.
The market today ended on a negative note with the Nifty opening at 24,691.95, reaching a high of 24,731.80, and closing at 24,611.10, down by 0.10%. Sensex opened at 80,541.77, made a high of 80,677.82, and closed 0.12% down at 80,267.62.
Reasons for the decline
Due to several reasons, the market declined:
- Macroeconomic concerns, such as slower industrial activity in specific segments, worries over inflation, and uncertainty ahead of the RBI’s monetary policy, kept investors cautious.
- Continued FII outflows created pressure on the Nifty and Sensex, as well as on export-oriented sectors.
Major Indices Today
- The benchmark indices ended lower after continued FII outflows, with a fall in the IT, Pharma, and FMCG sectors contributing to the downward movement.
- The Bank Nifty and Fin Nifty rose due to stable credit growth and expectations for the RBI's monetary policy.
Sectoral Indices Today
- Nifty IT remained flat after weak Dallas Fed Index data at -8.70 raised concerns about global tech demand.
- Nifty Auto stocks gained on expectations of rising festive demand, easing raw material costs, and positive sales expectations.
- Nifty FMCG declined due to continued margin pressure from raw material costs and cautious sentiment over rural demand recovery.
- Nifty Pharma and Nifty Healthcare closed in the red, dragged down by pressure on export pricing.
Market Movers Today
- Man Industries shares dropped by 10.67% to ₹363.30 after SEBI imposed penalties on the company.
- Shares of PVR INOX and Prime Focus dropped about 3% after the US President announced a 100% tariff on movies made outside the United States..
- Tata Investment Corporation shares hit a 52-week high as Tata Capital is set to launch its initial public offering (IPO) next week.
- Coforge shares gained by 2% after CLSA changed its rating to ‘Outperform’, indicating a positive sentiment.
Top Gainers
Top Losers
52W High Stocks
52W Low Stocks
High Volume Stocks Today
IPOs
- Pace Digitek closed today with a price band of ₹209-₹219. The share allotment will be done on 1st October.
- Glottis and Fabtech Technologies are open for subscription until October 1st, with price bands set at ₹120-₹129 and ₹181-₹191, respectively.
- Advance Agrolife opened today for subscription with a price band set at ₹95-₹100.
Allotment Status
Trualt Bioenergy shares allotted today. Investors can check the allotment status online through the websites of BSE and NSE.
Listed Today
- Anand Rathi shares were listed at a 4.32% premium at ₹432 per share on the NSE. The price band set was ₹393-₹414.
- Seshaasai Technologies shares got listed today with a 2% premium on the NSE at ₹436 per share. The price band for the IPO was ₹402-₹423.
- Jaro Institute shares were listed at a discount of over 13% at ₹773 on the NSE. The price band set was ₹846-₹890 per share.
Market Announcements
- On 30th September, the board of PG Electroplast approved a dividend of ₹2 per share for the financial year 2026.
- Singapore-based investment firm acquires 1% stake in Aether Industries at ₹735 per share.
References:
- Dallas Fed September manufacturing index -8.7 vs -1.8 prior
- Man Industries shares slump 11% after SEBI imposes penalties on company and directors
- PVR INOX, Prime Focus decline up to 5% as Trump to impose 100% tariffs on films made outside US
- Tata Investment Corp stock jumps to fresh high of over Rs 10,000 as Tata Capital gears for IPO launch on Oct 6
- Coforge shares rise 2% as CLSA initiates coverage with 'outperform' rating; 51% upside seen
- PG Electroplast Approves ₹2/Share Dividend for FY25
- Amansa Holdings acquires nearly 1% stake in Aether Industries, BNP Paribas buys 0.97% stake in Hero Moto for Rs 1,035 crore
