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WEEKLY REPORT
In the truncated week, the market regained some of the previous week’s losses, led by buying across the sectors amid an in-line RBI policy outcome with upward revision of GDP growth projection and lowering inflation forecast, good monsoon, persistent DII buying, and projection of strong Q2FY26 earnings going ahead.
For the week, the BSE Sensex index rose 780.71 points or 0.97 percent to finish at 81,207.17, and Nifty50 added 239.55 points or 0.97 percent to close at 24,894.25.
During the week, HDFC Bank added the most in terms of market value, followed by Tata Motors, Kotak Mahindra Bank, and Sun Pharmaceutical Industries. On the other hand, Bharti Airtel, Reliance Industries, and Maruti Suzuki India lost most of their market capitalization.
All the sectoral indices ended in the green with the Nifty PSU Bank index rising more than 4 percent, the Nifty Metal index gained 4 percent, the Nifty Private Bank index jumped 2.5 percent, the Nifty Defence Index rose 2.3 percent, Nifty Oil & Gas index added 2 percent.
All the broader market indices ended with gains; the BSE Large-cap index rose 1 percent, the BSE Mid-cap index went up 2 percent, and the Small-cap indices also gained 2 percent this week.
The selling from Foreign Institutional Investors (FIIs) continued for the 12th consecutive week, as they sold equities worth Rs 8,347.25 crore, while buying from Domestic Institutional Investors (DIIs) continued in 24th week, as they bought equities worth Rs 13,013.40 crore.
Indian rupee crossed its record low of 88.8050 during the week. However, it ended marginally lower at 88.78 per dollar on October 3 against the September 26 closing of 88.71. During the week, the Indian rupee traded in the range of 88.80-88.65.
ECONOMY
India removes ban on De-oiled Rice Bran Exports After Two Years
India lifted its ban on exports of de-oiled rice bran with immediate effect, ending restrictions that had been in place for more than two years. Before the ban, India exported 500,000 metric tons of de-oiled rice bran per year, worth about 10 billion rupees. The resumption of exports is expected to boost both rice milling and solvent extraction sectors, and may also help increase the domestic supply of rice bran oil.
China Unveils $70 Billion Financing Tools to Boost Investment
China will deploy policy-based financial tools to the value of 500 billion yuan ($70.25 billion) to accelerate investment projects, the state planner said on Monday, as part of efforts to support the slowing economy by enhancing infrastructure and industrial investments. The funds will be directed towards key sectors to stimulate growth and employment
STOCKS IN NEWS
V mart
The shares are up by 18.45 percent in the past week after the company posted a 22 percent on-year growth in provisional revenue from operations at Rs 807 crore, with a Same Store Sales Growth (SSSG) of over 11 percent for the quarter, a company filing showed.
Shriram Finance
The company’s shares went up 6.04 percent this week. Japanese bank MUFG is in advanced stages of talks to buy a ~20 % stake through preferential allotment, worth ~₹232 billion (~$2.61 bn). Shriram Finance, however, has refuted any knowledge of the deal.
Nuvama Wealth Management
Nuvama’s shares went up over 11 percent during the week after the capital market regulator Sebi approved Nuvama Wealth Management’s application seeking to act as a sponsor to set up a mutual fund, the company informed exchanges through a filing.
Tata Motors
The company shares are up by 7.16 percent as they reported their highest-ever quarterly sales in Q2FY26 at 15.07 lakh units, marking a 22 percent year-on-year increase, driven by robust demand for two- and three-wheelers. For September, sales grew 12% to 5.41 lakh units, supported by strong performance in motorcycles, scooters, and EVs.
Source – Moneycontrol, Reuters