Closing Bell: Sensex, Nifty flat amid volatility; PSU banks shine, media a drag

Indian equity indices ended flat in the volatile session on September 29. At close, the Sensex was down 61.52 points or 0.08 percent at 80,364.94, and the Nifty was down 19.80 points or 0.08 percent at 24,634.90.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Today, the benchmark indices witnessed a volatile trading session. After a roller-coaster activity, the Nifty ended 20 points lower, while the Sensex was down by 62 points. Among sectors, the PSU Bank Index was the top gainer, rallying over 1.89 percent, whereas the Defence index was the top looser, shed 1.20 percent.

Technically, after a positive open, the market took resistance near 24,800/80800 and, due to profit booking at higher levels, it corrected sharply. From the day's highest point, it shed nearly 200 /600 points. In addition, on daily charts, it has formed a bearish candle, and on intraday charts, it continues to show a lower top formation, which is largely negative.

We are of the view that the short-term market outlook is weak, but since it is oversold, a strong possibility of a quick pullback rally cannot be ruled out. For day traders, 24,800/80800 would act as an immediate resistance zone. If the market successfully clears this zone, it could bounce back up to 24,900-24925/81000-81300. On the other side, below 24,600/80300, the selling pressure is likely to accelerate. Below this level, it could retest the levels of 24,500–24,450/80000-79800.

Nifty continued to face selling pressure for the seventh day on trot on Monday and closed the day with minor loss amidst high volatility. After opening on a positive note, the market made an attempt to move up in the early part of the session. Selling pressure has emerged on every intraday rise on Monday and Nifty finally closed near the day's low.

A reasonable negative candle was formed on the daily chart with upper shadow. Technically, this market action indicates an inability of bulls to sustain the bounce back and this also signal possibility of some more weakness in the coming sessions.

Nifty is currently nearing an important support zone of around 24500-24400 levels (previous swing lows and 200day EMA) and this area could be reached in the next few sessions. However, any sustainable move above the hurdle of 24800-24900 levels could confirm near term bottom reversal pattern.

Markets started the week on a volatile note and ended almost unchanged, taking a breather after the recent slide. Following a flat start, the Nifty oscillated sharply on both sides before finally settling at 24,634.90. On the sectoral front, a mixed trend kept traders engaged, with realty, energy, and metal posting gains, while auto and FMCG ended muted. In line with the benchmark, the broader indices also closed on a flat note.

On one hand, the overhang of recent U.S. policy actions has eased slightly; however, persistent foreign fund outflows and caution ahead of the MPC meeting continue to weigh on sentiment.

We believe oversold positions may now lead to some consolidation in the Nifty, with strong support around the 24,400–24,500 zone and resistance placed at 24,800–25,000. In the meantime, participants should focus on selective stock opportunities aligned with sectoral trends while keeping position sizes under check.

Today, the Indian markets closed flat, following an extremely volatile session marked by alternating rallies and declines throughout the trading day. The Sensex ended at 80,364.94, down 62 points (-0.08%), while the Nifty 50 fell 19.8 points (-0.08%) to close at 24,634.90. This muted close comes after a week of heavy selling, with most sectors remaining under pressure due to global and domestic uncertainties.

The flat close can largely be attributed to the absence of new positive triggers and apprehension over possible adverse developments. President Trump’s announcement of steep tariffs on Indian pharmaceutical exports weighed on sentiment, raising fears of earnings pressure for key pharma players.

Additionally, speculation about stricter H1-B visa norms impacted frontline IT stocks and kept a lid on broader market enthusiasm. Despite early gains in PSU banks, energy, and select realty stocks, profit booking in heavyweights especially in private banking names and large-cap IT erased much of the intraday upmove. Midcap indices saw selective buying, but smallcaps underperformed, further adding to the indecisive undertone.

Looking ahead, market participants will be keenly watching the RBI Monetary Policy Committee meeting that commenced today. Consensus expectations suggest RBI will maintain rates but deliver a dovish message, balancing inflation risks against the need to support growth. However, investors remain cautious, awaiting positive news ontrade talks with the US or policy clarity from the RBI, which could determine whether any bounce sustains or further weakness ensues.

On Monday, Nifty witnessed a mild rebound but faced selling pressure near its 20-EMA on the hourly chart, ending the day with a weak close on the daily chart.

Derivative data showed put writing at 24,600 and 24,500 strikes, highlighting immediate support zones, while call writers at 24,700 and 24,800 indicated resistance. Based on these technical and derivative cues, the index is likely to trade in a short-term range of 24,500–24,850 with volatility and a sideways-to-bearish undertone. A sustained move above its 50-day EMA is needed to turn bullish.

The domestic market concluded a volatile session on a flat note as investors turned more cautious ahead of a holiday-led truncated week and continued FII selling. Lack of clarity in the US-India trade deal and prolonging pressure on IT & pharma indices are near-term concerns for the market.

Investors await the RBI policy outcome this week; the central bank is expected to keep the rates unchanged to contain volatility in the rupee. The supportive fiscal measures and a stronger demand outlook for H2FY26 may lead the central bank to upgrade its FY26 GDP growth forecast.

Nifty continued to face selling pressure for the seventh day on trot on Monday and closed the day with minor loss amidst high volatility. After opening on a positive note, the market made an attempt to move up in the early part of the session. Selling pressure has emerged on every intraday rise on Monday and Nifty finally closed near the day's low.

A reasonable negative candle was formed on the daily chart with upper shadow. Technically, this market action indicates an inability of bulls to sustain the bounce back and this also signal possibility of some more weakness in the coming sessions.

Nifty is currently nearing an important support zone of around 24500-24400 levels (previous swing lows and 200day EMA) and this area could be reached in the next few sessions. However, any sustainable move above the hurdle of 24800-24900 levels could confirm near term bottom reversal pattern.

The Indian Rupee settled at a record low, exhibiting marked underperformance among Asian currencies. This depreciation is attributable to sustained month-end demand for the US Dollar and significant outflows of foreign institutional funds from domestic equity markets, collectively dampening investor sentiment.

In the near-term outlook for the spot USD/INR pair remains bullish with critical support at 88.25 and key resistance at 89.10.

Indian rupee ended lower at 88.76 per dollar on Monday versus Friday's close of 88.71.

Indian equity indices ended flat in the volatile session on September 29.

At close, the Sensex was down 61.52 points or 0.08 percent at 80,364.94, and the Nifty was down 19.80 points or 0.08 percent at 24,634.90. About 1837 shares advanced, 2163 shares declined, and 171 shares unchanged.

BSE Midcap index rose 0.3 percent, while smallcap index down marginally.

Axis Bank, Maruti Suzuki, L&T, Apollo Hospitals, Dr Reddy's Labs were among top losers on the Nifty, while gainers were Eternal, Bharat Electronics, IndusInd Bank, Titan Company, Wipro.

Among sectors oil & gas, PSU Bank, energy, realty added 1 percent each, while media index shed nearly 1 percent.

QIB – 1.10 times

NII - 3.07 times

Retail – 0.38 times

Employee Reserved - 0.12 times

Overall – 1.09 times

QIB – 0.77 times

NII - 0.36 times

Retail – 0.58 times

Employee Reserved - 0.46 times

Overall – 0.64 times

QIB – 1.24 times

NII - 0.12 times

Retail – 0.19 times

Overall – 0.31 times

Based on theme of Navratri 2025, investment managers on smallcase have spotlighted nine high-conviction sectors, ranging from auto components and FMCG to defense and clean energy, backed by robust consumption data, policy tailwinds, and record-high retail participation in capital markets. The mangers expect this India’s festive season to turn into a market growth catalyst across these sectors.

India’s Navratri economy is gaining momentum with strong festive tailwinds. E-commerce sales are projected at Rs 1.2 lakh crore (+27% YoY), UPI volumes has crossed 20 billion transactions in August, and MSME festive credit demand is set to rise 35–40% to Rs 3.45 lakh crore. Against this backdrop, investment managers on smallcase have identified nine sectors that are set to benefit from a combination of festive demand, policy reforms, and structural growth drivers.

QIB – 0.18 times

NII - 0.53 times

Retail – 0.54 times

Employee Reserved - 0.86 times

Overall – 0.44 times

#1 Payments sector once a high-growth story, now slowing

#2 P2M payments grew over 35 percent CAGR FY20-24 on UPI, credit cards

#3 Growth cooling: UPI P2M at 20-25 percent vs 50 percent YoY

#4 Credit card spend growth at around 15 percent vs 25 percent earlier

#5 With 40 percent penetration of consumption GDP, expect moderation ahead

#6 Multiples likely to adjust to slower growth reality

#7 Reiterate underperform: Paytm, target price at Rs 920, SBI Card, target price at Rs 800

QIB – 13.77 times

NII - 122.15 times

Retail – 37.80 times

Overall – 49.00 times

QIB – 44.54 times

NII - 79.73 times

Retail – 8.27 times

Overall – 33.92 times

The Sensex was down 27.95 points or 0.03 percent at 80,398.51, and the Nifty was down 5.80 points or 0.02 percent at 24,648.90. About 1779 shares advanced, 2005 shares declined, and 141 shares unchanged.

V2 Retail was quoting at Rs 2,076.10, up Rs 188.70, or 10.00 percent.

It has touched an intraday high of Rs 2,076.10 and an intraday low of Rs 1,851.15.

There were pending buy orders of 12,338 shares, with no sellers available.

It was trading with volumes of 42,430 shares, compared to its five day average of 10,875 shares, an increase of 290.18 percent.

In the previous trading session, the share closed down 2.07 percent or Rs 39.80 at Rs 1,887.40.

The share touched a 52-week high of Rs 2,095.00 and a 52-week low of Rs 1,062.05 on 04 February, 2025 and 14 November, 2024, respectively.

Currently, the stock is trading 0.9 percent below its 52-week high and 95.48 percent above its 52-week low.

Market capitalisation stands at Rs 7,181.09 crore.

#1 Consolidated growth seen flat to low-single digits vs 5 percent/2 percent in Q1FY26/Q2FY25

#2 GST cuts causing transitory impact as trade clears old inventory

#3 Consumers delaying pantry purchases, hitting September & October sales

#4 Recovery expected from November as prices stabilize

AXISCADES Technologies announced that its wholly owned subsidiary AXISCADES Aerospace & Technologies Private Limited has won a prestigious order from the Indian Army to supply Man Portable Counter Drone Systems (MPCDS).

#1 Attended company’s AI day showcasing in-house AI capabilities

#2 AI focuses on underwriting, fraud detection & workflow automation

#3 Improves credit risk, speeds loan approvals, enhances customer satisfaction

#4 Retail AUM grew 3x in 3 years, Rs 22,000 crore in FY22 compared to Rs 65,000 crore in FY25

#5 Growth driven by expanding product portfolio, wider geography & cross-sell franchise

#6 Efficiency gains lowered opex ratio by 230 bps over past nine quarters

Network 18 Media & Investments was quoting at Rs 53.85, up Rs 2.12, or 4.10 percent.

It has touched an intraday high of Rs 54.20 and an intraday low of Rs 50.53.

It was trading with volumes of 387,918 shares, compared to its five day average of 250,976 shares, an increase of 54.56 percent.

In the previous trading session, the share closed down 2.87 percent or Rs 1.53 at Rs 51.73.

The share touched a 52-week high of Rs 88.50 and a 52-week low of Rs 39.55 on 15 October, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 39.15 percent below its 52-week high and 36.16 percent above its 52-week low.

Market capitalisation stands at Rs 8,303.67 crore.

Vodafone Idea was quoting at Rs 8.31, up Rs 0.29, or 3.62 percent.

It has touched an intraday high of Rs 8.38 and an intraday low of Rs 8.02.

It was trading with volumes of 49,642,035 shares, compared to its five day average of 32,936,707 shares, an increase of 50.72 percent.

In the previous trading session, the share closed down 7.60 percent or Rs 0.66 at Rs 8.02.

The share touched a 52-week high of Rs 10.67 and a 52-week low of Rs 6.12 on 30 September, 2024 and 14 August, 2025, respectively.

Currently, the stock is trading 22.12 percent below its 52-week high and 35.78 percent above its 52-week low.

Market capitalisation stands at Rs 90,033.06 crore.

#1 Indian steel stocks outperformed index despite earnings downgrades

#2 Driven by hopes of China recovery & strong domestic demand

#3 Chinese steel spreads at multi-quarter lows, India trading below import parity

#4 Investors positioning for margin recovery via price gains

QIB – 0.00 times

NII - 2.51 times

Retail – 0.32 times

Employee Reserved - 0.10 times

Overall – 0.74 times

QIB – 0.68 times

NII - 0.24 times

Retail – 0.46 times

Employee Reserved - 0.39 times

Overall – 0.54 times

Oil prices are once again at a key juncture. Crude is close to the resistance at $65–66 after a prolonged sideways phase, but unless it decisively moves above $70, the upside potential seems limited. The current consolidation is fragile, failure to hold these levels could drag prices back toward $61.72, with risks extending further to $57. On the other hand, only a sustained move above $70 would validate the beginning of a new bullish leg.

The recent OPEC+ announcement increases the uncertainty, as the group has committed to another supply hike of 137,000 barrels a day in October, with a possible follow-up in November. While these increments are smaller compared to earlier rounds, the broader direction is clear, supply is inching higher. The concern for the market is not just today’s supply bump, but the cumulative effect. By 2026, it is predicted that global oil production will be in short supply, preparing for a surplus.

Investors should be mindful that while near-term volatility could push crude higher on sentiment or temporary disruptions, the structural trend is pointing toward a softer oil market ahead.

Arjun Jewellers is going to raise Rs 1.8 billion, while Vishvaraj Environment is going to raise Rs 22.5 billion via IPO.

QIB – 1.24 times

NII - 0.09 times

Retail – 0.15 times

Overall – 0.28 times

The Board has approved the re-appointment of Angan Guha as Chief Executive Officer & Managing Director of the company for a further period of two years, commencing from December 1 this year.

Birlasoft was quoting at Rs 352.30, down Rs 8.85, or 2.45 percent.

It has touched an intraday high of Rs 361.10 and an intraday low of Rs 351.15.

It was trading with volumes of 45,485 shares, compared to its five day average of 64,558 shares, a decrease of -29.54 percent.

In the previous trading session, the share closed down 1.12 percent or Rs 4.10 at Rs 361.15.

The share touched a 52-week high of Rs 624.10 and a 52-week low of Rs 330.15 on 12 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 43.55 percent below its 52-week high and 6.71 percent above its 52-week low.

Market capitalisation stands at Rs 9,813.07 crore.

QIB – 0.18 times

NII - 0.40 times

Retail – 0.47 times

Employee Reserved - 0.72 times

Overall – 0.37 times

QIB – 2.65 times

NII - 65.30 times

Retail – 27.42 times

Overall – 28.46 times

The company has resumed operations at its TDI-II plant in Dahej after the completion of necessary checks and remedial measures. The plant was shut down due to a gas leak.

Gujarat Narmada Valley Fert & Chem. was quoting at Rs 487.65, down Rs 9.40, or 1.89 percent.

It has touched an intraday high of Rs 499.00 and an intraday low of Rs 485.65.

It was trading with volumes of 8,819 shares, compared to its five day average of 17,382 shares, a decrease of -49.26 percent.

In the previous trading session, the share closed down 1.06 percent or Rs 5.30 at Rs 497.05.

The share touched a 52-week high of Rs 701.55 and a 52-week low of Rs 448.90 on 03 October, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 30.49 percent below its 52-week high and 8.63 percent above its 52-week low.

Market capitalisation stands at Rs 7,165.56 crore.

QIB – 5.34 times

NII - 44.90 times

Retail – 5.77 times

Overall – 14.05 times

S#1 Stock pullback & below-average valuation likely overdone

#2 Maharashtra duty hike factored, competitive position favourable

#3 Tailwinds in smaller states could offset some risks

#4 Double-digit revenue & mid-teens earnings CAGR expected

#5 Company to boost reserves & maintain 50-70 percent dividend payout

Gold prices rose to hover near an all-time high; while Silver breached the psychological mark of $45 on COMEX, supported by a weaker dollar and growing expectations that the Federal Reserve is likely to continue with interest rate cuts later this year and surge in overall demand.

Dollar index inched slightly higher hovering around 98 however, no major impact was seen on prices. On data front, US GDP was reported better than expectations while, U.S. Commerce Department said its Personal Consumption Expenditures Price Index (PCE) rose 0.3% in August, v/s the prior 0.2% rise in July, in line with expectations. Despite mixed comments from Fed officials and Fed chair, rate cut expectations for this year did not budge. Traders are currently pricing in a 90% chance of a Fed cut in October, with around a 65% probability of another in December. Reports regarding US shut down, also led to strong safe haven buying, if the debt bill is not passed before Oct. 1st, it could push bullion further.

Physical gold demand in China weakened further last week, with discounts hitting multi-year lows, while steady buying persisted in other major Asian hubs despite the high prices in anticipation of further gains. SPDR holdings rose 0.89% to 1,005.72 tonnes on Friday from 996.85 tonnes on Thursday. Focus now shifts to US jobs market data, ISM manufacturing PMI for further clues on the economy's health, scheduled later this week.

The company board appointed Ashok Kajaria as the Chairman of the company under the category of the whole-time director (executive director) for a period of 5 years w.e.f. October 1, 2025 to September 30, 2030. The said appointment of Mr. Ashok Kajaria will be subject to approval of the members of the company.

Kajaria Ceramics was quoting at Rs 1,178.15, down Rs 6.75, or 0.57 percent.

It has touched an intraday high of Rs 1,204.20 and an intraday low of Rs 1,157.40.

It was trading with volumes of 7,594 shares, compared to its five day average of 6,992 shares, an increase of 8.62 percent.

In the previous trading session, the share closed down 0.70 percent or Rs 8.40 at Rs 1,184.90.

The share touched a 52-week high of Rs 1,500.80 and a 52-week low of Rs 745.00 on 03 October, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 21.5 percent below its 52-week high and 58.14 percent above its 52-week low.

Market capitalisation stands at Rs 18,764.66 crore.

The company informed that the operations at the company's Paradeep Unit located at Vill. Udayabata, Paradeepgarh, Dist. Jagatsinghpur, Odisha has resumed.

Goa Carbon was quoting at Rs 446, up Rs 10.15, or 2.33 percent.

It has touched an intraday high of Rs 446 and an intraday low of Rs 435.85.

In the previous trading session, the share closed down 2.23 percent or Rs 9.95 at Rs 435.85.

The share touched a 52-week high of Rs 876 and a 52-week low of Rs 390 on 30 September, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 49.09 percent below its 52-week high and 14.36 percent above its 52-week low.

Market capitalisation stands at Rs 408.14 crore.

#1 Near-term momentum remains strong in logistics sector

#2 Festive demand for Amazon, Flipkart boosted by GST cuts

#3 Delhivery-ecom express integration driving volumes & margin gains

#4 Meesho maintains around 65 percent insourcing, reducing 3PL volume pressure

Indo Min, Hotel Polo Towers, Associated Power Structures, Bonbloc Technologies filed DRHP with SEBI.

In this business, getting the money at the lowest cost of fund is difficult. But as the brand we are, and the credit rating we enjoy, it's been advantageous.

We are lucky to be born in this country that demonstrates the highest growth rate among large economies. The credit to GDP ratio is still lower than other economies. We also have an opportunity to grow because of the the headroom in penetration of credit.

Over the last few years, we have benefited from the fact that NPAs are lower. The GST cut is a bold initiative and I'm sure the effect will be positive in the coming quarters, adding to the growth.

I'm proud to have a team that we have today, at Tata Capital. From day 1, it has been profitable, which speaks for the brand itself. The platform is among the top three today, among the lending business, among NBFCs. We followed a regulatory timeline for the IPO and we're happy to support the growth.

The Sensex was down 84.91 points or 0.11 percent at 80,341.55, and the Nifty was down 14.85 points or 0.06 percent at 24,639.85. About 1560 shares advanced, 2146 shares declined, and 144 shares unchanged.

#1 Company commissioned 4.6 mtpa BF & 3 mtpa BOF after 2-year delay

#2 Provides strong volume visibility, 17 percent CAGR FY25–28 vs 1 percent in FY22–25

#3 Safeguard duty & end of monsoon likely to lift steel prices from November

#4 Despite weak Q2FY26 on lower prices, FY26/27 EBITDA maintained

The company has reported the occurrence of natural gas in its second exploratory well, Vijayapuram-2 (Loc. OAEA), drilled in the Offshore Andaman Block.

Oil India was quoting at Rs 416.40, up Rs 5.85, or 1.42 percent.

It has touched an intraday high of Rs 422.00 and an intraday low of Rs 414.95.

It was trading with volumes of 166,675 shares, compared to its five day average of 158,842 shares, an increase of 4.93 percent.

In the previous trading session, the share closed down 1.01 percent or Rs 4.20 at Rs 410.55.

The share touched a 52-week high of Rs 594.15 and a 52-week low of Rs 322.15 on 10 October, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 29.92 percent below its 52-week high and 29.26 percent above its 52-week low.

Market capitalisation stands at Rs 67,731.95 crore.

The company will invest Rs 100 crore in its new plant in Andhra Pradesh to enhance capacity for multi-storey steel buildings, data centres, semiconductor, electronics, and battery plants.

The company informed exchanges that six employees died and six were injured due to the collapse of the refractory side wall of the travelling grate of the iron ore pellet plant at Siltara in Raipur.

Godawari Power & Ispat was quoting at Rs 250.00, down Rs 6.45, or 2.52 percent.

It has touched an intraday high of Rs 258.40 and an intraday low of Rs 244.95.

It was trading with volumes of 108,198 shares, compared to its five day average of 363,993 shares, a decrease of -70.27 percent.

In the previous trading session, the share closed down 1.38 percent or Rs 3.60 at Rs 256.45.

The share touched a 52-week high of Rs 278.00 and a 52-week low of Rs 145.55 on 24 September, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 10.07 percent below its 52-week high and 71.76 percent above its 52-week low.

Market capitalisation stands at Rs 16,740.42 crore.

Premier Energies Limited has won contracts worth USD 19.95 million for supply and installation of solar power systems in the Republic of Benin, West Africa.

The scope of the contracts covers installation of 750 rooftop solar systems at key socio-community facilities including district police stations, educational institutions, health centres and special border surveillance units, plus installation of over 4,400 high-efficiency solar streetlights and 650 solar water heaters.

Premier Energies was quoting at Rs 1,010.85, down Rs 18.85, or 1.83 percent.

It has touched an intraday high of Rs 1,038.75 and an intraday low of Rs 1,007.95.

It was trading with volumes of 20,762 shares, compared to its five day average of 0 shares, a decrease of percent.

In the previous trading session, the share closed down 1.91 percent or Rs 20.05 at Rs 1,029.70.

The share touched a 52-week high of Rs 1,387.10 and a 52-week low of Rs 755.55 on 17 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 27.12 percent below its 52-week high and 33.79 percent above its 52-week low.

Market capitalisation stands at Rs 45,790.94 crore.

The Joint Commissioner, CGST & Central Excise, Patna, has imposed a penalty amounting to Rs 526.84 crore on alleged GST liability on the subsidy receivable from the Government of India on fertilisers and for the wrong availment of ITC pertaining to FY 2018–19 to FY 2022–23.

QIB – 0.00 times

NII - 1.04 times

Retail – 0.21 times

Employee Reserved - 0.06 times

Overall – 0.35 times

The Board has appointed Siddharth Sipani as the Chief Financial Officer (CFO) of the company effective September 27, following the resignation of Mangesh Ramesh Chauhan from his role as CFO.

Sky Gold and Diamonds was quoting at Rs 268.95, down Rs 3.55, or 1.30 percent.

It has touched an intraday high of Rs 277.85 and an intraday low of Rs 267.40.

It was trading with volumes of 42,257 shares, compared to its five day average of 80,396 shares, a decrease of -47.44 percent.

In the previous trading session, the share closed down 1.93 percent or Rs 5.35 at Rs 272.50.

The share touched a 52-week high of Rs 488.95 and a 52-week low of Rs 245.95 on 17 December, 2024 and 06 August, 2025, respectively.

Currently, the stock is trading 44.99 percent below its 52-week high and 9.35 percent above its 52-week low.

Market capitalisation stands at Rs 4,165.06 crore.

QIB – 0.00 times

NII - 0.18 times

Retail – 0.36 times

Employee Reserved - 0.26 times

Overall – 0.15 times

QIB – 1.24 times

NII - 0.04 times

Retail – 0.12 times

Overall – 0.25 times

The Board has approved two new projects worth Rs 705.5 crore. Under the first project, worth Rs 209.68 crore, the company will implement a VOIP Communication System for Grid Operation for all five regions. Under the second project, worth Rs 495.83 crore, it will implement Disaster Preparedness of Transmission Infrastructure: Procurement of 20 sets (300 towers) of Emergency Restoration System (ERS) under the Make in India initiative.

The company's subsidiary, Deepak Chem Tech, has commissioned its hydrogenation plant at Dahej, Gujarat. The total capital expenditure incurred for the same is approximately Rs 115 crore.

QIB – 0.18 times

NII - 0.34 times

Retail – 0.42 times

Employee Reserved - 0.68 times

Overall – 0.33 times

QIB – 0.09 times

NII - 41.74 times

Retail – 21.09 times

Overall – 19.51 times

QIB – 1.09 times

NII - 27.28 times

Retail – 4.19 times

Overall – 8.27 times

The company has entered into a Memorandum of Understanding (MoU) with Adani Infra (India) to collaborate as an execution partner under an Early Engagement Model for five years. Under this arrangement, Vascon will be associated with Adani on selected earmarked projects right from the design stage, thereby ensuring seamless integration of design and execution. At present, three projects totaling approximately 13.15 million square feet have already been identified under this model in Mumbai.

At 12:23 hrs Vascon Engineers was quoting at Rs 63.41, up Rs 5.52, or 9.54 percent.

Anil Somani has resigned as Chief Financial Officer (CFO) of the company effective October 9, but will continue to serve the company on special projects. The Board has appointed Jayantt Bhalchandra Manmadkar as Chief Financial Officer of the company, effective October 10.

PB Balaji has resigned as Group Chief Financial Officer of the company, effective November 17 this year, and will join as Chief Executive Officer of Jaguar Land Rover Automotive Plc, UK, on the same date.

Further, the Board has appointed Dhiman Gupta as the Chief Financial Officer of the company effective the same date, and Shailesh Chandra as an Additional Director, Managing Director & CEO of the company, effective October 1, for a period of three years. Shailesh Chandra will continue to be the Managing Director of Tata Passenger Electric Mobility.

Girish Wagh has resigned as Executive Director of the company effective October 1 and will join the Board of TML Commercial Vehicles as an Additional Director, Managing Director & CEO.

The Sensex was down 29.12 points or 0.04 percent at 80,397.34, and the Nifty was down 4.65 points or 0.02 percent at 24,650.05. About 1692 shares advanced, 1946 shares declined, and 161 shares unchanged.

#1 US to impose 100 percent tariff on patented drug imports from Oct 1 unless local plants are built

#2 For Indian firms, only Sun Pharma has meaningful exposure

#3 Await clarity on tariff structure, worst-case EPS hit seen at 8-10 percent by FY27

Tata Communications today announced that it has been awarded a strategic project to deliver a comprehensive digital infrastructure - spanning network fabric, IoT, cloud, and security, with unified management across domains – for the Goods and Services Tax Appellate Tribunal (GSTAT) benches established by the Ministry of Finance, Government of India.

Tata Communications was quoting at Rs 1,630.10, up Rs 19.15, or 1.19 percent.

It has touched an intraday high of Rs 1,640.65 and an intraday low of Rs 1,613.70.

It was trading with volumes of 3,147 shares, compared to its five day average of 7,850 shares, a decrease of -59.91 percent.

In the previous trading session, the share closed down 2.79 percent or Rs 46.30 at Rs 1,610.95.

The share touched a 52-week high of Rs 2,175.00 and a 52-week low of Rs 1,293.00 on 03 October, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 25.05 percent below its 52-week high and 26.07 percent above its 52-week low.

Market capitalisation stands at Rs 46,457.85 crore.

#1 GST cuts positive for long-term but causing short-term destocking impact

#2 Pantry purchase delays hurt september offtakes

#3 Q2 revenue growth likely flat to low-single digits

#4 October also weak, recovery expected from November

#5 Similar impact likely across FMCG peers in Q2FY26

The Sensex was up 306.33 points or 0.38 percent at 80,732.79, and the Nifty was up 96.45 points or 0.39 percent at 24,751.15. About 1983 shares advanced, 1561 shares declined, and 156 shares unchanged.

The company will invest Rs 100 crore in its new plant in Andhra Pradesh to enhance capacity for multi-storey steel buildings, data centres, semiconductor, electronics, and battery plants.

Interarch Building Solutions was quoting at Rs 1,951.00, down Rs 10.35, or 0.53 percent.

It has touched an intraday high of Rs 1,995 and an intraday low of Rs 1,930.

It was trading with volumes of 3,424 shares, compared to its five day average of 2,527 shares, an increase of 35.50 percent.

In the previous trading session, the share closed down 1.32 percent or Rs 26.25 at Rs 1,961.35.

The share touched a 52-week high of Rs 2,410 and a 52-week low of Rs 1,253.50 on 23 July, 2025 and 07 October, 2024, respectively.

Currently, the stock is trading 19.05 percent below its 52-week high and 55.64 percent above its 52-week low.

Market capitalisation stands at Rs 3,272.19 crore.

Wockhardt was quoting at Rs 1,465.00, up Rs 129.55, or 9.70 percent.

It has touched an intraday high of Rs 1,473.20 and an intraday low of Rs 1,350.10.

It was trading with volumes of 63,369 shares, compared to its five day average of 28,040 shares, an increase of 126.00 percent.

In the previous trading session, the share closed down 9.40 percent or Rs 138.60 at Rs 1,335.45.

The share touched a 52-week high of Rs 1,870.00 and a 52-week low of Rs 918.85 on 12 June, 2025 and 08 October, 2024, respectively.

Currently, the stock is trading 21.66 percent below its 52-week high and 59.44 percent above its 52-week low.

Market capitalisation stands at Rs 23,805.10 crore.

#1 MoPNG pitched for higher valuations of PSU oil & gas companies at investor meet

#2 Highlighted government support, profitability & focus on operational excellence

#3 Investor confidence may take time, diesel crack gains lower excise duty risk