Good morning, and welcome to our Market Live Blog!
Markets are back in action with a bang! After eight straight sessions in the red, the bulls made a strong comeback- did your portfolio feel the relief rally yesterday?
The Reserve Bank of India’s latest policy decision played a big role, keeping the repo rate steady at 5.5% and surprising many by revising GDP growth up to 6.8% and slashing the inflation forecast to 2.6%. That was enough to fire up investor sentiment!
On Wednesday, The Sensex jumped 716 points to close at 80,983, while the Nifty ended comfortably above 24,800. Midcaps and smallcaps weren’t left behind either, gaining around 1%. Most sectors were in the green, did you spot any winners in your watchlist?
From top movers like Tata Motors and Sun Pharma to sectoral trends and real-time market mood, stay with us as we track all the action, live!
Sensex closed at 81,196.33, up by 213.02 points (0.26%), while Nifty ended at 24,893.70, rising 57.40 points (0.23%). Both indices showed positive momentum in today’s market session.
Shares of Union Bank of India slipped on October 3 following its quarterly update. The bank reported gross advances of ₹9.42 lakh crore, a 5.3% year-on-year growth but only 0.4% sequentially, marking five consecutive quarters of single-digit loan growth.
Sensex: 81,003.35 up 20.04 (0.025%)
Nifty: 24,829.25 down 7.05 (0.028%)
Baazar Style reported a 71% YoY increase in standalone revenue from operations, reaching ₹531.9 crore in Q2. Sales per square feet stood at ₹865/month. The company added 20 new stores while closing 2, reflecting strategic expansion and operational efficiency.
Rail Vikas Nigam Limited (RVNL) has been declared the lowest bidder for a project valued at ₹40.41 crore by Western Railway. This win further strengthens RVNL’s project portfolio in the railway infrastructure development sector.
| City | 24K Gold Price (₹/10g) | 22K Gold Price (₹/10g) | 18K Gold Price (₹/10g) |
|---|---|---|---|
| National Avg | ₹1,18,680 | ₹1,08,790 | ₹89,010 |
| Ahmedabad | ₹1,18,730 | ₹1,08,840 | — |
| Bangalore | ₹1,19,265 | ₹1,09,325 | ₹88,132.5 |
| Chennai | ₹1,19,491 | ₹1,09,531 | ₹88,320 |
| Delhi | ₹1,19,423 | ₹1,09,483 | ₹89,160 |
| Ghaziabad | ₹1,18,190 | ₹1,08,350 | ₹88,680 |
| Hyderabad | ₹1,18,680 | ₹1,08,790 | ₹88,200 |
| Kerala | ₹1,18,680 | ₹1,08,790 | ₹88,335 |
| Kolkata | ₹1,18,680 | ₹1,08,790 | ₹87,945 |
| Mumbai | ₹1,18,680 | ₹1,08,790 | ₹88,065 |
| Noida | ₹1,18,830 | ₹1,08,940 | ₹89,160 |
| Pune | ₹1,18,680 | ₹1,08,790 | ₹88,065 |
| Vadodara | ₹1,18,730 | ₹1,08,840 | — |
| Jaipur | ₹1,17,400 | ₹1,07,616.7 | ₹88,050 |
| Jaipur | ₹1,15,300 | ₹1,05,691.7 |
Pre-Opening Indices Update:
Sensex: 80,684.14, down 299.17 points (−0.37%)
Nifty: 24,759.55, down 76.75 points (−0.31%)
Markets are starting the day on a cautious note, reflecting global uncertainties and mixed cues. Stay tuned for live market updates!
OPENING UPDATES
Sensex: 80,815.08, down 168.23 points (−0.21%)
Nifty: 24,786.65, down 49.65 points (−0.20%)
Markets opened lower today, continuing a cautious start amid mixed global cues. Stay tuned for further updates as the trading session progresses!
Hero MotoCorp:
September sales up 8% YoY to 6,87,220 units
Domestic sales up 5%, exports nearly doubled (+95%)
Maruti Suzuki India:
Total sales up 2.7% YoY at 1,89,665 units
Domestic sales down 6.1%, exports surged 52.2%
TVS Motor Company:
Highest-ever quarterly sales: 15.07 lakh units (+22% YoY)
Two-wheeler sales up 22%, EV sales up 8%
Hyundai Motor India:
Commenced production at Talegaon plant with 1.7 lakh units annual capacity
Wall Street closed at record highs on Thursday, driven by strong gains in the technology sector. The Dow Jones rose 78.62 points (0.17%) to 46,519.72, the S&P 500 added 4.15 points (0.06%) to 6,715.35, and the Nasdaq jumped 88.89 points (0.39%) to 22,844.05. Investors remain watchful amid the ongoing U.S. government shutdown and mixed labor market signals.
Asia’s markets are mixed this morning, with GIFT Nifty signaling a muted start for Indian markets. U.S. futures continue to climb as optimism around AI stocks fuels gains. However, concerns linger as the U.S. Treasury warns the shutdown could hurt GDP, and private employment fell by 32,000 jobs last month.
Will Indian markets follow Wall Street’s optimism or stay cautious amid global uncertainties? Stay with us for live updates and expert insights throughout the day!
Market Rebound:
Indian benchmark indices snapped an 8-day losing streak.
Nifty closed above 24,800 and Sensex gained 716 points.
RBI Monetary Policy Highlights:
Repo rate unchanged at 5.5%, with a neutral stance.
This is the second consecutive pause after three previous cuts totaling 100 basis points.
Inflation forecast lowered to 2.6%.
GDP growth projection revised upward to 6.8%.
Market Performance (Close):
Sensex: Up 715.69 points (0.89%) to 80,983.31.
Nifty: Up 225.20 points (0.92%) to 24,836.30.
BSE Midcap index: Up 0.9%.
Smallcap indices: Gained 1%.
Sectoral Performance:
All sectors ended in green, except PSU Banks.
Strong gains seen in private banks, realty, pharma, IT, and media sectors (1-4% gains).
Top Gainers on Nifty:
Tata Motors
Shriram Finance
Kotak Mahindra Bank
Trent
Sun Pharma
Top Losers on Nifty:
Bajaj Finance
Tata Steel
SBI
UltraTech Cement
Bajaj Auto
Market Holiday Note:
Markets were closed on October 2 for Mahatma Gandhi Jayanti and Dussehra.
GIFT Nifty trends suggest a muted to flat opening for Indian markets.
Nifty futures were trading flat around 24,951.50 earlier.
Latest update (8:34 AM):
GIFT Nifty at 24,939, down 4 points, indicating slight negative bias ahead of market open.
