As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 715.69 points or 0.89% to 80,983.31. The Nifty 50 index gained 225.20 points or 0.92% to 24,836.30. In the past eight trading sessions, the Sensex plummeted 3.31% and the Nifty tumbled 3.20%.
In the broader market, the S&P BSE Mid-Cap index gained 0.91% and the S&P BSE Small-Cap index rose 1.16%.
The market breadth was positive. On the BSE, 2,804 shares rose and 1,346 shares fell. A total of 141 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 7.02% to 10.29.
The stock market will be closed on Thursday, 2 October 2025, for Mahatma Gandhi Jayanti and Dussehra.
Economy:
The Reserve Bank of India's Monetary Policy Committee (MPC) kept the policy repo rate unchanged at 5.5% in its review that concluded on 1 October 2025.
The committee maintained a neutral stance, noting that it was prudent to wait for the impact of past policy measures and for greater clarity on global developments before making further moves. The standing deposit facility (SDF) rate stays at 5.25%, while the marginal standing facility (MSF) rate and the bank rate remain at 5.75%.
The RBI noted that the global economy has been stronger than expected in 2025, supported by robust growth in the US and China, though elevated policy uncertainty, sticky inflation in some advanced economies, and volatile financial markets pose risks. In India, GDP expanded 7.8% in Q1 FY26 on the back of resilient consumption and investment, a revival in manufacturing, and steady services growth. Rural demand was buoyed by a good monsoon, while urban demand showed signs of recovery. Looking ahead, healthy agriculture prospects, rising capacity utilization, GST rationalization, and supportive financial conditions are expected to aid growth, though global trade and geopolitical risks remain a drag.
The central bank raised its real GDP growth forecast for FY26 to 6.8% from 6.5% earlier, projecting growth at 7% in Q2, 6.4% in Q3, and 6.2% in Q4. For Q1 FY27, growth is expected at 6.4%.
On inflation, the RBI cut its CPI forecast for FY26 to 2.6% from 3.1%, with projections of 1.8% in Q2 and Q3, 4% in Q4, and 4.5% in Q1 FY27. Inflation is seen staying contained, though tariff-related developments could weigh on the growth outlook in the second half.
The minutes of the meeting will be published on 15 October, and the next MPC meeting is scheduled for 3-5 December 2025.
Separately, Governor Sanjay Malhotra said Indian banks will soon be allowed to finance acquisitions by domestic corporates under an enabling framework. The central bank proposed to remove the regulatory ceiling on lending against listed debt securities. In addition, the lending limit against shares will be raised from Rs 20 lakh to Rs 1 crore per person, while IPO financing will see its ceiling enhanced from Rs 10 lakh to Rs 25 lakh.
The HSBC India Manufacturing PMI for September 2025 was revised down to 57.7 from a preliminary 58.5, after hitting a 17'-year high of 59.3 in August. Despite the moderation, the reading remained well above the long-term average, reflecting continued sectoral strength. New orders expanded further amid strong demand, though at a four-month low, while production growth eased to its slowest since May. Purchasing activity rose, but the pace was the weakest in four months, and job creation fell to a one-year low.
New Listing:
Shares of Jain Resource Recycling were at Rs 318.25 on the BSE, representing a premium of 37.18% compared with the issue price of Rs 232.
The scrip was listed at Rs 265.25, exhibiting a premium of 14.33% to the issue price.
The stock has hit a high of Rs 318.25 and a low of Rs 247.80. On the BSE, over 28.02 lakh shares of the company were traded in the counter.
Shares of BMW Ventures were at Rs 76 on the BSE, representing a discount of 23.23% compared with the issue price of Rs 99.
The scrip was listed at Rs 80, exhibiting a discount of 19.19% to the issue price.
The stock has hit a high of Rs 80 and a low of Rs 76. On the BSE, over 1.93 lakh shares of the company were traded in the counter.
Shares of Epack Prefab Technologies were at Rs 189 on the BSE, representing a discount of 7.35% compared with the issue price of Rs 204.
The scrip was listed at Rs 186.10, exhibiting a discount of 8.77% to the issue price.
The stock has hit a high of Rs 192.80 and a low of Rs 183.85. On the BSE, over 7.20 lakh shares of the company were traded in the counter.
IPO Update:
Glottis received bids for 3,56,30,814 shares as against 2,01,23,929 shares on offer, according to stock exchange data at 15:10 IST on Wednesday (1 October 2025). The issue was subscribed 1.77 times.
The issue opened for bidding on Monday (29 September 2025) and it will close on Wednesday (1 October 2025). The price band of the IPO is fixed between Rs 120 and Rs 129 per share. An investor can bid for a minimum of 114 equity shares and in multiples thereof.
Om Freight Forwarders received bids for 1,95,19,017 shares as against 79,16,945 shares on offer, according to stock exchange data at 15:16 IST on Wednesday (1 October 2025). The issue was subscribed 2.47 times.
The issue opened for bidding on Monday (29 September 2025) and it will close on Friday (3 October 2025). The price band of the IPO is fixed between Rs 128 and Rs 135 per share. An investor can bid for a minimum of 111 equity shares and in multiples thereof.
Fabtech Technologies received bids for 1,87,95,450 shares as against 1,20,60,000 shares on offer, according to stock exchange data at 15:18 IST on Wednesday (1 October 2025). The issue was subscribed 1.56 times.
The issue opened for bidding on Monday (29 September 2025) and it will close on Wednesday (1 October 2025). The price band of the IPO is fixed between Rs 181 and Rs 191 per share. An investor can bid for a minimum of 75 equity shares and in multiples thereof.
Advance Agrolife received bids for 2,34,89,850 shares as against 1,35,09,004 shares on offer, according to stock exchange data at 15:19 IST on Wednesday (1 October 2025). The issue was subscribed 1.74 times.
The issue opened for bidding on Tuesday (30 September 2025) and it will close on Friday (3 October 2025). The price band of the IPO is fixed between Rs 95 and Rs 100 per share. An investor can bid for a minimum of 150 equity shares and in multiples thereof.
Buzzing Index:
The Nifty Media index jumped 3.58% to 1,598.15. The index dropped 1.79% in the six consecutive trading sessions.
Sun TV Network (up 9.99%), Nazara Technologies (up 9.49%), PVR Inox (up 2.05%), Zee Entertainment Enterprises (up 1.54%), Network 18 Media & Investments (up 0.84%), Saregama India (up 0.77%), Hathway Cable & Datacom (up 0.71%), D B Corp (up 0.09%) rose.
On the other hand, Tips Music (down 1.61%) and Prime Focus (down 0.68%) edged lower.
Auto sales data:
Escorts Kubota rose 5.65% after the tractor manufacturer announced that its agri-machinery business division sales grew by 47.6% to 18,267 units in September 2025 as against 12,380 units sold in September 2024.
VST Tillers Tractors rallied 3.82% after reporting a 34.72% increase in total sales to 3,480 units in September 2025, up from 2,583 units sold in September 2024.
Atul Auto advanced 4.05% after the company reported 4.22% rise in total sales to 3,503 units in September 2025 as against 3,361 units sold in September 2024.
Mahindra & Mahindra (M&M) advanced 1.21% after the company's overall sales jumped 16% to 100,298 vehicles sold in September 2025 as against 87,839 units sold in September 2024.
Hyundai Motor India shed 1.63%. The compnay said that it has achieved total monthly sales of 70,347 units in September 2025, which is a 10% increase from 64,201 units in September 2024.
SML Isuzu rose 0.75%. The compnay's total auto sales fell by 10% to 950 units in September 2025 from 1,055 units sold in the same period last year.
Steel Strips Wheels (SSWL) rose 3.33% after the company reported a net turnover of Rs 410.60 crore for September 2025, marking a 13.39% year-on-year (YoY) increase compared to Rs 362.12 crore recorded in September 2024.
Bajaj Auto shed 0.61%. The company has reported 9% increase in total auto sales for September 2025, selling 5.10 lakh units as against 4.69 lakh units sold in September 2024.
Stocks in Spotlight:
Hi-Tech Pipes advanced 3.83% after the company registered a sales volume of 1,25,218 MT in Q2 FY26, which is higher by 1.79% as compared to 1,23,027 MT recorded in Q2 FY25.
Indian Renewable Energy Development Agency (IREDA) added 2.86% after the company's loan disbursement jumped 54% to Rs 15,043 crore as on 30th September 2025, compared with Rs 9,787 crore as on 30th September 2024.
RailTel Corporation of India rose 3.69% after the company has awarded a Rs 16.31 crore work order to domestic company RTNS Technology for supply and installation services, in line with the customer's requirements.
SG Finserve added 1.97% after the company's loan book increased 15% to Rs 2,878 crore as on Q2 FY26 as compared with Rs 2,504 crore recorded in Q1 FY26.
Quality Power Electrical Equipments shed 2.08%. The company announced that it has received a purchase order worth Rs 13.94 crore for the supply of high voltage air core reactors from an undisclosed international entity.
Global Markets:
European shares traded mixed on Wednesday, as investors monitor the U.S. government shutdown.
Asia market ended mixed, following gains on Wall Street as investors appeared unperturbed by a looming U.S. government shutdown.
Markets in mainland China and Hong Kong were closed for a holiday.
Over in Japan, the central bank released the results for its third-quarter Tankan survey.
The index for business optimism among large Japanese manufacturers increased to +14 for the third quarter from +13 in the previous quarter but was lower than the +15 expected by economists polled by Reuters. The non-manufacturing index held steady at +34.
Overnight in the U.S., stocks ended higher on Tuesday as investors looked past concerns over a potential government shutdown and marked an unusually strong September.
The U.S., the government shut down after Republicans ' including President Donald Trump ' and Democrats failed to reach a short-term deal on government funding. The move means crucial jobs data will not be released on schedule, clouding the outlook for the Federal Reserve just weeks ahead of its next meeting.
The S&P 500 rose 0.41% to close at 6,688.46, while the Nasdaq Composite gained 0.31% to finish at 22,660.01. The Dow Jones Industrial Average advanced 81.82 points, or 0.18%, to settle at 46,397.89, setting a new closing high.
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