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Today’s share market’s key developments include: Bharat Electronics wins ₹644 crore orders, while Puravankara arm secures Malabar Hill redevelopment worth ₹2,700 crore. UPL arm acquires 49% in Thailand’s Grow Chemical, IGL partners with RVNL for solar venture. FIIs sold ₹1,430 crore; DIIs bought ₹4,345 crore. | Source: Bajaj Broking Research Desk.
3:30 PM IST
Closing Bell | Sensex drops 207 points | Nifty slips under 24,600
The Sensex ended 207 points lower while the Nifty slipped below 24,600. Key movers included Vodafone Idea, Sammaan Capital, YES Bank, Mobikwik, NMDC, Greaves Cotton, NALCO, Tata Steel, and Indian Overseas Bank. Aluminium futures gained 85 paise to ₹255.70 per kg on the MCX as traders built fresh positions, supported by industrial demand. Meanwhile, copper futures for October delivery rose 0.27% to ₹905.95 per kg, driven by higher spot demand and increased market participation
2:30 PM IST
Stock Market LIVE Update | Sensex drops over 200 points | Nifty slips below 24,600.
Sensex slipped over 200 points while Nifty fell below 24,600 as markets faced volatility. Sebi cleared 13 IPOs in a week, with Urban Company’s ₹1,900 crore issue leading the pack alongside boAt’s parent and Juniper Green Energy. IPO sizes range from ₹25 crore to ₹3,000 crore across multiple sectors. One MobiKwik shares rallied up to 12% after ADIA’s stake sale but posted wider losses in Q1 FY26. Ola Electric surged 55% in a month, aided by PLI certification.
1:20 PM IST
Stock Market LIVE Update | Sensex gains 200 points | Nifty tops 24,700
The Sensex advanced over 200 points while the Nifty crossed 24,700. The Nifty Media index gained more than 1%, with Sun TV, Saregama, Zee Entertainment, Network18, and Hathway leading the rise. Brokerages turned positive on UltraTech Cement, SRF, and others, citing earnings momentum and sectoral support. Meanwhile, Australian shares fell for a third session, with consumer and energy sectors dragging the S&P/ASX 200 down 0.3% to 8,900.6. In contrast, New Zealand’s S&P/NZX 50 gained 0.5%.
12:20 PM IST
Stock Market LIVE Update | Sensex climbs 250 points | Nifty trades above 24,700
The Sensex gained over 250 points while the Nifty crossed 24,700 in today’s trade. Several stocks touched fresh 52-week highs, including TVS Motor, Manappuram Finance, Maharashtra Scooters, and Star Cement. Phoenix Mills rose over 3% after an upgrade, while gold and silver prices surged to record levels amid global uncertainty. Nazara Technologies saw coverage initiation with a positive outlook. Top gainers included Greaves Cotton, Avanti Feeds, and Mobikwik, whereas Shivashrit Foods, Godfrey Phillips, and Endurance Technologies were among the losers.
11:00 AM IST
Stock Market LIVE Update | Sensex climbs 300 points | Nifty crosses 24,700
Sensex gained over 300 points while Nifty crossed 24,700, supported by positive momentum. Mukesh Ambani unveiled Reliance Intelligence, a major artificial intelligence initiative likened to Jio’s data revolution. The U.S. dollar recovered slightly after recent losses, while gold and silver touched record highs on Federal Reserve rate cut expectations and festive demand. In India, 24-carat gold reached Rs 1,05,880 per 10 grams on MCX, with silver futures scaling a fresh peak of Rs 1,25,249 per kg.
9:20 AM IST
Stock Market LIVE Update | Sensex climbs 150 points | Nifty tops 24,650
Sensex gained over 150 points while Nifty crossed 24,650. Sebi will implement fresh intraday derivative position limits from October 1. Banks are tightening KYC checks as mule accounts linked to deposit frauds surge, supported by RBI’s MuleHunter.AI system. Insurers are expanding secured personal loans, competing with banks at 8.5–10.5%. In forex, the euro slipped 0.1% to $1.1698, yen 0.3% to 147.65, and yuan 0.1% to 7.1429. Jubilant Ingrevia shares recovered on domestic strength, EU duties, and expansion plans.
GIFT NIFTY: Gift Nifty suggests flat to positive opening for the Indian market. Nifty spot in today's session is expected to consolidate in the range of 24,450-24,800.
INDIA VIX: 11.29 | -0.46 (3.91%) ↓ today
1. BharatElectronics secures new orders worth ₹644 crore.
2. Puravankara arm secures Malabar Hill redevelopment project, with GDV potential of ₹2,700 cr.
3. UPL arm acquires 49% stake in Grow Chemical Co., based in Thailand.
4. IGL enters into a JV agreement with RVNL for setting up a solar power project.
5. FIIs net sold ₹1,430 cr while DIIs net bought ₹4,345 cr in equities yesterday (provisional).
Treasury Yield:
The 10-year yield closed at 4.23 % whereas the 2-year yield was approximately 3.62.
Currency:
The dollar index was trading near 97.5 levels.
Commodities:
Gold reached around $3,457.16, marking a more than four-month high driven by expectations of an interest rate cut by the U.S. Federal Reserve, whereas Silver climbed to about $40.11 per ounce.
US WTI crude was trading at 65$ per barrel and Brent was trading near 68.5 $ per barrel.
General Trends:
Asian markets were poised for a muted start on Tuesday, with investor focus shifting back to technology counters and China, following a sharp rally in Alibaba Group Holding Ltd. shares.
Sector-Specific Indicator:
The Nikkei 225 Index rose 0.4% to around 42,350, while the broader Topix Index added 0.3% to 3,072 on Tuesday, with Japanese shares snapping a two-day losing streak as risk sentiment improved.
The benchmark KOSPI of South Korea rose 24.43 points, or 0.78%, to 3,167.36.
Australia's S&P/ASX 200 fell 0.3% to 8,899, marking its third consecutive session of declines and hitting a two-week low.
Investors weighed the global trade outlook after a US federal appeals court ruled that most of President Donald Trump’s tariffs were unlawful, giving the administration until October 14 to appeal to the US Supreme Court.
Market in Previous Session:
Benchmark indices snapped a three-session losing streak and opened September on a firm footing, supported by stronger-than-expected Q1 GDP prints. The Nifty opened gap-up and sustained momentum through the day, settling higher by 198 points (+0.81%).
Broader markets outperformed, with the mid-cap and small-cap indices rallying over 1.5% each, reflecting broad-based risk-on sentiment.
At the close, the Sensex advanced 554 points (+0.70%) to 80,364.49, while the Nifty ended at 24,625.10, up 198 points (+0.81%).
On the sectoral front, Autos spearheaded the upmove with a 2.8% surge, followed by Consumer Durables (+2.1%). IT, Metals, Energy, and Oil & Gas also posted healthy gains in the 1.3–1.6% range, while Banks and Financials recorded measured advances.
Conversely, FMCG remained lackluster, closing flat, while Pharma and Media edged lower. Meanwhile, volatility receded, with the India VIX slipping nearly 4%, underscoring improved market stability.
Nifty Short-Term Outlook:
The index snapped its three sessions losing streak as it formed a bullish candlestick pattern with a higher high and higher low signaling an initial sign of pause in the corrective decline.
Going ahead index holding above last week low of 24,400 will lead to consolidation in the range of 24,400-24,900.
Immediate support is placed at 24,400-24,337 levels being the confluence of the recent lows and the key retracement area. A breach below the same will signal acceleration of decline towards the key support area of 24,000-23,800 levels being the confluence of the 52 weeks EMA and the previous major lows and the previous major breakout area.
Intraday Levels:
Nifty: Intraday resistance is at 24,710, followed by 24,800 levels. Conversely, downside support is located at 24,530, followed by 24,450.
Bank Nifty: Intraday resistance is positioned at 54,270, followed by 54,500, while downside support is found at 53,720, followed by 53,500.
Nifty:
For the weekly expiry, the highest call OI is at 25,000, while the highest put OI is at 24,800.
In the previous session, put writing along with call unwinding was dominant below 24,600, establishing it as an immediate support zone. A break below this level could drag Nifty towards 24,500.
On the upside, unless Nifty sustains above 24,800, it is likely to remain range-bound within 24,200–24,500.
The Put-Call Ratio (PCR) stands at 1.14, indicating a mildly bullish sentiment but with limited upside unless resistance levels are crossed.
Bank Nifty:
The highest call OI is placed at 57,000, followed by 56,000, while the highest put OI is at 54,000, followed by 57,000.
Notably, ITM put writing above 55,000 suggests strength and the possibility of the index holding above that level in the near term.
In the last session, put writers dominated below 54,000, while call writers were active at 55,000, marking 54,000 as key support and 55,000 as immediate resistance.
The PCR stands at 0.91, reflecting a balanced positioning with a slight tilt towards bullishness.
Performance Overview:
The benchmark indices on the US stock market remained closed on Monday, on the account of the Labour Day 2025 celebrations in the United States.
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