Sensex traded at 80,643 (+217 points) and Nifty at 24,719 (+64 points) amid mixed sectoral performance.
Pharma sector rebounded strongly as Wockhardt surged 9.7% and Lupin announced a strategic European acquisition.
Precious metals rallied to record highs. Gold price stands at ₹1,15,939 per 10g and silver at ₹1.44 lakh per kg.
Indian stock market today saw signs of recovery as investors remain cautiously optimistic. Benchmark indices trade marginally higher despite lingering concerns over global economic uncertainties. Sensex gained 217.37 points to settle at 80,643.83, while Nifty 50 advanced 64.80 points to 24,719.50.
IT sector led the gainers with Nifty IT index surging 0.43% to 33,846, reflecting renewed investor confidence in technology stocks. Metal, oil and gas, PSU, power, realty, and capital goods sectors also saw gains ranging between 0.5% and 1%. The stock market today showed broad-based buying interest in multiple segments. Let’s see in detail, based on Moneycontrol Live Updates.
BSE Midcap and Smallcap indices outperformed the benchmark indices, climbing 0.8% each. This suggests that investors are slowly returning to mid and small-cap stocks after recent volatility. BSE Smallcap index traded at 52,352.39, up 71.05 points. Market breadth on NSE remained positive with 1,652 advancing shares against 1,019 declining stocks.
Foreign Institutional Investors (FIIs) continued their selling streak, offloading shares worth Rs. 5,687.58 crore on September 26, following an outflow of Rs. 4,995.42 crore on the previous day. However, Domestic Institutional Investors (DIIs) offered support by pumping in Rs. 5,843.21 crore. It helped cushion the impact of foreign outflows and maintain stability in the share market news.
Among Nifty 50 stocks, Bharat Electronics share price emerged as the top gainer, surging 2.90% to Rs. 407.40. The hike came on expectations of a major order for the Anant Shastra air defence system from the Indian Army, as reported by Moneycontrol. Eternal and IndusInd Bank followed with gains of 1.98% and 1.61% respectively. Sun Pharma and Titan Company also gained in the stock market today.
On the other hand, Axis Bank shares bore the brunt of selling pressure. It declined 2.29% to Rs. 1,127.60, making it the biggest loser on the Nifty 50. Maruti Suzuki slipped 1.50% to Rs. 16,042.00, while Tata Consumer Products, Hindustan Unilever, and Hero Motocorp also traded in negative territory.
Also Read: Hindustan Copper Share Price Rises 5.6% to Rs. 326, Nears 52-Week High
Pharma stocks witnessed a strong rebound as fears over US tariffs began easing. According to Moneycontrol, the levy mainly targeted branded and patented drugs, while Indian pharmaceutical exports mostly consist of generic medications. Wockhardt shares surged 9.70% to Rs. 1,465.00, the stock's biggest single-day gain in 16 weeks. Lupin also made headlines by announcing its Dutch subsidiary Nanomi's acquisition of VISUfarma, a Netherlands-based company with operations across Europe.
Gold futures reached an all-time high of Rs. 1,15,939 per 10 grams, while silver futures climbed to Rs. 1.44 lakh per kilogram as per a report of The Economic Times. Market experts said this surge was on expectations of monetary easing, coupled with ongoing geopolitical tensions and trade-related uncertainties.
In Tata Motors PB Balaji resigned as Group CFO to assume the CEO position at Jaguar Land Rover UK, effective November 17. Shailesh Chandra has been appointed as the new Managing Director and CEO, effective from October 1. He will continue his role at Tata Passenger Electric Mobility, according to The Times of India.
Shriram Finance invested an extra Rs. 300 crore in Shriram Overseas through a rights issue, as reported by CNBC TV 18. The stock gained 0.77% to Rs. 610.40, with a market capitalization of Rs. 114,816.72 crore.
Reliance Power ended the sale of its Indonesian coal subsidiaries to Biotruster Singapore for $ 12 million. The stock responded positively, climbing 1.99% to Rs. 45.65, though it remains below its 52-week high.
Ola Electric Mobility extended its decline for the fourth consecutive session, falling 1.06% to Rs. 54.20. The stock has been under pressure, trading 47.61% below its 52-week high despite being 36.94% above its 52-week low.
The Reserve Bank of India's Monetary Policy Committee commenced its meeting today as per an India Today report. Investors are keenly awaiting the central bank's decision on interest rates. While bankers have reportedly ruled out a rate cut in this review amid growth uncertainty, expectations remain for one more cut during the current fiscal year.
Also Read: Lufthansa Shares Rise 3.4% as Airline Plans 20% Reduction in Administrative Staff
Indian stock market is expected to continue range-bound with a positive bias as investors monitor global cues, domestic earnings, and RBI's policy stance. The resilience shown by DII buying against persistent FII selling shows strong domestic confidence. This could support markets during periods of volatility. Investors should keep an eye on macroeconomic developments to see the next direction the market may take.
1. Why did the Sensex and Nifty rise today?
The Sensex and Nifty rose modestly due to strong domestic buying from DIIs, despite heavy FII selling. Gains in IT, pharma, and metals supported the market, showing resilience in uncertain global conditions.
2. Which sectors performed the best today?
IT and pharma sectors outperformed, with pharma rebounding sharply after easing tariff fears. Wockhardt surged nearly 10%, while metals, PSU, and power stocks also posted steady gains.
3. Why are gold and silver prices at record highs?
Gold and silver surged due to expectations of monetary easing, persistent geopolitical tensions, and global trade uncertainties. These factors drive safe-haven demand, pushing precious metal prices to historic highs.
4. What corporate developments influenced the stock market today?
Tata Motors reshuffled leadership, Lupin expanded in Europe, and Reliance Power sold overseas assets. These updates shaped investor sentiment and kept corporate action in focus despite global headwinds.
5. How are FIIs and DIIs impacting the market?
FIIs sold over ₹5,600 crore, continuing their outflow streak, but DIIs stepped in with ₹5,843 crore of inflows. This domestic support balanced global pressure, keeping indices in positive territory.
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