Stock Market Update: Nifty and Sensex end in positive, up by 0.74% and 0.72%, respectively
Positive cues in global markets, such as the European and U.S. Markets, are boosting investors' confidence.
The stock market today remained in the green. Nifty opened at 24,916.55, made a high of 25,095.95, and closed 0.74% up at 25,077.65. Sensex opened at 81,274.79, made a high of 81,846.42, and closed at 81,790.12, up by 0.72%.
Reasons for the positive sentiment
The market was in the green due to several reasons:
- Investors are expecting higher consumer spending during the festive season and stronger corporate earnings.
- Positive cues in global markets, such as the European and U.S. Markets, are boosting investors' confidence.
Major Indices Today
- Both Nifty 50 and Sensex traded higher, supported by gains in IT and banking stocks.
- The Bank Nifty traded higher ahead of strong loan growth from major banks, including HDFC Bank and Kotak Mahindra Bank.
Sectoral Indices Today
- Nifty IT stocks experienced gains after the recent correction, driven by expectations from corporate earnings.
- Nifty Auto gained on strong September sales data from Maruti Suzuki, Tata Motors, and Mahindra and Mahindra, as well as optimism over festive season demand.
- Nifty FMCG dropped due to rising inflation, packaging costs, and rising raw material prices.
- Nifty Pharma saw a slight gain after Eli Lilly announced its intention to invest over $1 billion in the production and availability of essential drugs for obesity, diabetes, Alzheimer’s, cancer, and other conditions.
- Nifty Oil & Gas saw a gain amid rising crude oil prices and geopolitical tensions.
Market Movers Today
- IT software stocks like LTIMindtree, TCS, Persistent Systems, and other stocks gained by about 2-3% ahead of strong expectations from Q2FY26 corporate earnings.
- Lupin's share price dropped by 1% after the USFDA issued a Form-483 with four observations for its Pithampur manufacturing unit.
- Vodafone Idea shares dropped by 4% after the Supreme Court deferred the AGR hearing to October 13th.
- Ceigall India shares rose by 2% after the company received two solar plant construction orders worth ₹1,309 crore from the Maharashtra State Electricity Distribution Company.
Top Gainers
Top Losers
52W High Stocks
52W Low Stocks
High Volume Stocks Today
IPOs
- The Tata Capital IPO opened today for subscription and will close on October 8th, with a price band set at ₹310-₹326, respectively.
- WeWork India Management IPO is open for subscription and will close on October 7th, with a price band set at ₹615-₹648.
Allotment Status
Advance Agrolife and Om Freight Forwarders shares allotted today. Investors can check the allotment status online through the websites of BSE and NSE.
Listed Today
- Pace Digitek shares were listed at a 4% premium at ₹225 per share on the NSE and ₹226.85 on the BSE. The price band set was ₹208-₹215.
Market Announcements
- Avenue Supermarts shares dropped by 3% after Goldman Sachs maintained its rating to ‘Sell’ after the corporate earnings by the company for Q2FY26.
- Shares of FSN E-commerce ventures (Nykaa) rose by 6.25% after the company reported strong corporate earnings.
