Stock Market Live: Nifty Above 25,100, Sensex Up 100 Points; Nykaa Share Price In Focus, Trent Down Over 2%

The benchmark indices on Monday extended their winning streak for the third consecutive session, closing in the green.

The benchmark indices on Monday extended their winning streak for the third consecutive session, closing in the green (Image source: Unsplash)

The GIFT Nifty was trading near 225,100 early Tuesday. The futures contract based on the benchmark Nifty 50 fell 0.09% at 25,156 as of 6:46 a.m. indicating a tepid start for the Indian markets. The benchmark indices on Monday extended their winning streak for the third consecutive session, closing in the green. The Nifty 50 closed 0.74% higher at 25,077.65 while Sensex closed 0.72% higher at 81,790.12.

Stock Market News Live: Nifty 50 Check 

The Nifty 50 pack as of 10:55 a.m was lead by Jio Finance, Eternal and Coal India. Trent has marked the deepest losses, dragging the index by over 2%.

Stock Market News Live: Nykaa Share Price

Nykaa parent FSN E-Commerce Ventures Ltd. saw its share price rise over 1% after its business update. The company and its subsidiaries saw an accelerated growth momentum in the second quarter of fiscal 2026, with the consolidated gross-merchandise-value growth expected to be close to thirties, compared to mid-twenties in the last few quarters.

The scrip was trading at Rs 258.11, about 1.11% higher on the NSE. These gains compared to a 0.42% advance in the Nifty 50 as of 10:12 a.m.

Stock Market News Live: Trent Share Price

The shares of Trent Ltd., marked the deepest losses among the Nifty 50 pack after Equirus downgraded the counter to Reduce as it expects that the premium will decline on slowing growth.

The counter was trading 2.09% lower at Rs 4,678 apiece in the NSE. This decline compares to a 0.16% advance in the Nifty 50 as of 9:36 a.m.

Also Read: Trent Share Price Hits Six-Month Low As Q2 Business Update Sparks Growth Concern

Stock Market Update: Bank Of India Share Price

The shares of Bank of India are in focus after the bank posted its business update. The Domestic Deposits as on Sept 30 was up 8.5% at Rs 7.3 lakh crore while the Global Gross Advances saw a 13.9% uptick at Rs 7.1 lakh crore.

The scrip was trading in the green at Rs 126.5 apiece on the NSE, while the Nifty 50 was trading 0.13% higher as of 9:30 a.m.

Also Read: Bank Of India Shares Price Rise After Domestic Advances Surge In Q2 Business Update

Stock Market Live: Metropolis Health Shares Rise 

The shares of Metropolis Healthcare rose over 2% during rarly trade to Rs 2,127.8 apiece. These gains came after the company posted a 23% uptick in revenue for the second quarter. The core diagnostics was at a high single digit margin in Q2. On consolidated basis, the company is debt free & has net cash surplus of Rs 55 crore.

Stock Market Live: Coal India Share Price

The shares of Coal India Ltd., were trading over 1% higher during early trade today after the company signed a pact with Chhattisgarh Mineral Development Corporation for exploration of critical minerals.

The scrip was trading over 1.53% higher at Rs 388 apiece on the NSE. These gains compare to the 0.11% advance in the Nifty 50 as of 9:21 a.m.

Stock Market Live: Nifty Opens Higher, Sensex Trades Flat

At market open on Tuesday, the benchmark index Nifty 50 opened higher with gains holding it over the 25,100 mark. While the Sensex was trading marginally higher, with just over 100 point gains.

The gains in the Nifty 50 were led by names like Coal India, ONGC and Power Grid during early trade.

What Brokerages Say: Equirus Downgrades Trent To Reduce

Equirus downgraded Trent Ltd. to Reduce as it expects that the premium will decline on slowing growth. The target price is Rs 4,474 apiece, which implied 5% downside from Monday's close.

Trent delivered exceptional topline compounding of 39% and 28% over the last five and 10 years, respectively. The street rewarded the hyper growth handsomely, which is reflecting in Trent's valuation profile. Its five-year average one-year forward P/E multiple hovering around 95x times, Equirus said.

Stock Market Live: Nifty Above 25,000, Sensex Trades Flat At Pre-Open

The benchmark index Nifty 50 was trading in the green along with Sensex that was trading marginally higher during the pre-open session as of 9:11 a.m.

Rupee Vs Dollar: Rupee Opens Stronger Against US Dollar  

Rupee opened 6 paise stronger at 88.73 against the greenback

It closed at 88.79 a dollar on Monday

Source: Bloomberg

Stock Market News Live: What F&O Cues Indicate

  • Nifty Oct futures up 0.70% to 25,181.1 at a premium of 104 points.

  • Nifty Oct futures open interest up by 1.56%.

  • Nifty Options 7th Oct Expiry: Maximum Call open interest at 25,200 and Maximum Put open interest at 25,000.      

  • Securities in ban period: RBL Bank

Primary Market Action: D-Street Debut

  • Glottis: The company's shares will debut on the stock exchange on Tuesday at an issue price of Rs 129 apiece. The public issue was subscribed to 2.05 times on day three. The bids were led by Qualified institutional investors (1.87 times ), non-institutional investors (2.97 times), retail investors (1.42 times).

  • Fabtech Technologies:  The company's shares will debut on the stock exchange on Tuesday at an issue price of Rs 191 apiece. The public issue was subscribed to 2.03 times on day three. The bids were led by Qualified institutional investors (2.02 times ), non-institutional investors (1.97 times), retail investors (2.08 times).

Stock Market Live: IPO Offering Today

  • WeWork India Management: The company is a flexible workspace operator in India. The public issue was subscribed to 13% on day two. The bids were led by Qualified institutional investors (9% ), non-institutional investors (6%), retail investors (37%).

  • Tata Capital: The company is in diversified financial services and a subsidiary of Tata Sons. The public issue was subscribed to 39% on day one. The bids were led by Qualified institutional investors (52%), non-institutional investors (29%), retail investors (35%).

Stock Market Live: Asia Market Update 

Japanese shares extended their rally after the election of a pro-stimulus Sanae Takaichi as the country's next leader sent the yen sliding and drove up yields of long-tenure bonds. Australian equities fell. Chinese and South Korean markets are closed.

  • Nikkei up 0.6%

  • S&P/ASX 200 down 0.2%

Stock Market News Live: Wall Street Recap

US stocks closed at a record on Monday, powered by technology shares as investors disregard the government shutdown and instead cheer a multibillion-dollar infrastructure deal that signaled the artificial intelligence spending boom.

The S&P 500 rose 0.4% to notch its seventh straight session of gains for its longest winning streak since early May. The Nasdaq 100 advanced 0.8% but Dow Jones Industrial Average fell 0.14%.

Stock Market News Live: GIFT Nifty Hints At Muted-To-Negative Start

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The GIFT Nifty was trading near 25,100 early Tuesday. The futures contract based on the benchmark Nifty 50 fell 0.09% at 25,156 as of 6:46 a.m. indicating a tepid start for the Indian markets.

The benchmark indices on Monday extended their winning streak for the third consecutive session, closing in the green. The Nifty 50 closed 0.74% higher at 25,077.65 while Sensex closed 0.72% higher at 81,790.12.

Also Read: Stock Market Today: All You Need To Know Going Into Trade On Oct. 7

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WRITTEN BY
Ann Jacob
Ann Jacob tracks markets with a special focus on personal finance. She clos... more
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