Stock Market Today: Nifty, Sensex Close Flat Ahead Of RBI Rate Decision; ITC, Trent, Airtel Shares Drag

Nifty fell for the 8th consecutive day, but managed to close above 24,600. Sensex closes as levels near 80,300

Nifty fell for the 8th consecutive day, but managed to close above 24,600. Sensex closes as levels near 80,300 (Photo Source: NDTV Profit)

Hero MotoCorp and JSW Steel are the top gainers in Nifty. ITC and Bharti Airtel fell the most in Nifty 50. The Nifty Midcap remains flat for the day, Tata Investment and Sundaram Finance gain the most in Nifty Midcap.

As the trading day concludes, we appreciate you following our real-time analysis, expert insights, and breaking stock market news.

Rupee Vs Dollar: Rupee Closes Weaker

  • Rupee closed 3 paise weaker at 88.79 against the greenback, according to Bloomberg.

  • It closed at 88.76 a dollar on Monday.

  • Rupee sheds 0.66% in September, marking the fifth straight monthly depreciation

  • Rupee weakens 3.54% in July-Sept quarter, marking second straight quarter of decline

  • The Rupee hit an all-time low of 88.80 during the day.

Stock Market Today: Markets At Close

  • Benchmarks underperformed Broader Market Indices

  • Nifty fell for the 8th consecutive day, but managed to close above 24,600

  • Hero MotoCorp gains over 3% for the day, best nifty Performer

  • Hero MotoCorp and JSW Steel are the top gainers in Nifty

  • ITC and Bharti Airtel fell the most in Nifty

  • Nifty Midcap remains flat for the day, Tata Investment and Sundaram Finance gain the most in Nifty Midcap

  • Nifty small cap 250 end in green, gains lead by TV18 Broadcast, National Aluminum.

  • Nifty PSU Bank emerge as the top gaining sector for the day, gains lead by Bank of India, Central Bank of India and Indian Bank

  • Nifty PSU Bank and Nifty Metals gain over 1% for the day

  • Nifty Auto snaps 4-day losing streak

  • Nifty Pharma fell for the 7th consecutive day

  • Nifty Metal, Financial Services and Bank gain for the 2nd consecutive day

  • Nifty IT fell for the 8th consecutive day

  • Nifty Media fell for the 6th consecutive day

Stock Market News: RBI To Adopt 7 Day VRR

In an exchange filing the RBI has said that it will to do away with the 14 day variable rate repo and variable reverse rate repo auctions as primary liquidity tool. RBI to adopt seven day VRR and VRR auctions to manage short term liquidity.

Stock Market Live: Adani Green Energy Operationalises 408 MW Power Projects

Adani Green Energy Ltd. on Tuesday operationalised an aggregate 408.1 megawatt power projects at Khavda, Gujarat. These were done through its various stepdown subsidiaries.

Adani Renewable Energy Fifty Six added solar capacity of 87.5 MW, Adani Renewable Energy Forty One added wind capacity of 124.8 MW and Adani Green Energy Twenty Five B, Adani Green Energy Twenty Six B, Adani Solar Energy Jodhpur Six and Adani Hybrid Energy Jaisalmer Five added hybrid capacity of 196 MW, according to a stock exchange filing.

Also Read: Adani Green Energy Operationalises 408 MW Power Projects At Khavda

Stock Market Live: Volume Buzzers

The most active counter in trade as of 2:37 p.m are names like Ola Electric, NALCO, Punjab National Bank, Canara Bank and Hindustan Copper.

Stock Market Live: Sectoral Gainers And Losers

As of 2:15 p.m, Nifty PSU Bank held its place as the top sectoral gainer while Nifty Realty and Media declined the most. Sectors like Nifty Metal, IT, Bank and Oil & Gas were in the green.

Dollar Vs Rupee: Rupee At Record Low

The local currency has weaked to a record low of 88.80. The Rupee weakened by 0.05% during the day so far.

Rupee had opened 6 paise stronger at 88.70 against the greenback on Tuesday.

Also Read: Rupee Hits Fresh All-Time Low Amid Persistent Global Headwinds

Stock Market Live: Nifty 50 Top Gainers & Losers

In the Nifty 50 pack, Hero Moto was the top gainer as of 1:17 p.m, marking gains of nearly 2% with JSW Steel following closely with 2.21% gains.

Names like Ultratech, Hindalco, IndusInd Bank were also names trading in the green.

ITC marked the deepest loses in the lot as it was over 1% down. Titan, Bajaj Finserv and L&T were also names trading in the green.

Stock Market Live: Tata Investment Shares Extend Rally

Tata Investment Corporation Ltd.'s share price rose as much as 10.48% during trade so far to Rs 9,769.5. The scrip rose over 14% in the last week and on Sept. 23 had risen 13.31%, to its 18-month high.

The company had announced the record date of stock split earlier last week, fixing it as Oct. 14. On Aug. 4, the company had announced that it has approved the plan to split its stock in the ratio of 1:10. Accordingly, the stocks of Rs 10 per share face value will be reduced to Rs 1 per share face value.

Also Read: Tata Investment Shares Extend Rally, Surges Over 10% Ahead Of Stock Split

Stock Market Live: BHEL Share Price Surges On Order Win

Bharat Heavy Electricals Ltd.’s share price rose 2.36% after the company announced a major order win from M.P. Power Generating Company Ltd. On Tuesday.

The order if for the development of two large-scale supercritical thermal power plants in Madhya Pradesh. The Notification of Award (NOA), received on September 29, 2025, pertains to the Engineering, Procurement and Construction (EPC) works for the 1x660 MW Amarkantak Unit 6 and 1x660 MW Satpura Unit 12 thermal power projects.

Also Read: BHEL Share Price Surges As Company Secures Order Worth Rs 15,000 Crore

Stock Market Live: Coforge Share Prices Rise Nearly 4%

Coforge shares have risen nearly 4% in trade so far after bullish commentry from brokerages. CLSA has initiated coverage on Coforge, issuing an 'outperform' rating by highlighting the company's 'able leadership' and strong execution under the current management.

The brokerage firm issued a target price of Rs 2,346, which implies an upside of over 50% from yesterday's closing price of Rs 1,547.

Also Read: Coforge Share Prices Rise Nearly 4% After CLSA Initiates Coverage

Tata Motors Demerger: Record Date, Share Swap Ratio And More

Shares of Tata Motors Ltd. are in focus on Tuesday, in what will be the final day of trading before the company's landmark demerger into separate businesses for passenger and commercial vehicles.

The stock opened lower in trade and has witnessed a range-bound session. Tata Motors is currently trading with cuts of 0.25% and had earlier reached an intraday low of Rs 666.

Read the full story for details:

Also Read: Tata Motors Demerger: Record Date, Share Swap Ratio And More — Key Details To Know On Final Day

Pace Digitek IPO Update: Check GMP

The grey market premium for Pace Digitek IPO was Rs 15, as of 10:31 a.m. on Sept.30, according to InvestorGain. This implies a potential listing around Rs 234 per share, marking a premium of 6.85%.

GMP or grey market price is not an official indicator and is based on market speculation.

Pace Digitek IPO Update: Check Subscription Status

Pace Digitek IPO has been subscribed 0.81 times or 81% as of 12:00 p.m. on Tuesday.

  • Qualified Institutions: 0.27 times or 27%

  • Non-Institutional Buyers: 1.52 times.

  • Retail Investors: 0.81 times or 81%

  • Employee Reserved: Nil

Ahead Of RBI MPC: Goldman Sachs Chief India Economist Expects Repo Rate Cut Only In December

The market is keenly awaiting Wednesday’s Reserve Bank of India monetary policy committee meet outcome with some hopeful of a lending rate cut. However, Goldman Sachs' Chief India Economist, Santanu Sengupta, expects India's central bank to keep rates unchanged this time around and take a dovish stance.

Sengupta adds that the RBI’s stance will be impacted by the uncertain trade policy and external headwinds, despite a strong domestic growth outlook. However, he expects the RBI to issue a 25-basis-point rate cut in December, provided growth and inflation readings support it.

Read the full story below:

Also Read: RBI Monetary Policy: Goldman Sachs Chief India Economist Expects Repo Rate Cut Only In December

Stock Market Live: Sectoral Gainers & Losers

As of 11:47 a.m, Nifty PSU Bank held its place as the top sectoral gainer while Nifty Realty and Media declined the most. Sectors like Nifty Metal, IT, Bank and Oil & Gas were in the green.

Stock Market Live: Nifty 50 Top Gainers & Losers

In the Nifty 50 pack, Hero Moto was the top gainer as of 11:32 a.m, marking gains of nearly 2% with JSW Steel following closely with 1.78% gains.

Names like Hindalco, Adani Ports, Bharat Electronics Ltd., were also names trading in the green.

ITC marked the deepest loses in the lot as it was nearly 1% down. L&T and Bharti Airtel were also names trading in the green.

Stock Market Live: Volume Buzzers

In trade so far, the counters that are buzzing in terms of volume are Bharat Elecrtonics Ltd., Reliance, and Tata Motors.

BEL is trading about 1% higher at Rs 404.35 apiece on the NSE, while Tata Motors was down 0.52% trading at Rs 669. While the share price of RIL declined nearly 1% at Rs 1,364 as of 11:01 a.m.

Stock Market Live: Nifty PSU Bank Lead Gains

Zooming out, to the sectoral movements, Nifty PSU Bank marked the most gains as of 10:30 a.m. While Nifty Metal, Defence and IT were also sectors trading in the green.

Sectors like Nifty Media, Realty, FMCG and Consumption were trading in the green, marking over 1% decline.

Stock Market Live: Jaro Institute Shares Fall After Muted Debut

Shares of Jaro Institute of Technology Management & Research Ltd. fell over 10% after making an underwhelming debut on the stock market on Tuesday. The scrip opened flat at Rs 890 apiece on NSE and BSE, same as the IPO offer. The stock then fell 14%.

Also Read: Jaro Institute IPO Listing: Shares Fall After Muted Debut On Dalal Street

Stock Market Live: Tata Motors Shares Down Ahead Of Demerger

Tata Motors Ltd.’s share price opened 0.36% lower after the company in an analyst meet announced that the record date for the demerger of its Commercial Vehicles business is slated for mid-October and listing is to be expected in November.

he demerger takes effect from Wednesday, October 1. Post the analyst meet, brokerages held mixed opinions on the company.

Primary Market Action: Anand Rathi Muted Debut

Anand Rathi Share & Stock Brokers Ltd. shares made a muted debut on the stock market on Tuesday, listing at a premium of just 4% over the IPO price. The share price opened at Rs 432 on the NSE and Rs 432.1 on the BSE, compared to the issue price of Rs 414.

Also Read: Anand Rathi Stock Brokers Lists At Small Premium Over IPO Price

Stock Market Live: Dixon Tech Shares Down

Shares of Dixon Tech was down over 2% in trade so far to Rs 16,254. The scrip had declined over 7% during the course of this week.

The decline of over 2% compares to a 0.14% advance in the Nifty 50 as of 10:03.

Stock Market Live: Goldman Sachs On Consumption

 In a conversation with NDTV Profit, Santanu Sengupta, the chief India economist of Goldman Sachs, talked about global cues, fiscal discipline and consumption.

"H1-B will have a muted impact. The impact will be on FY27. The markets have reacted to these news," he said.

Sengupta said that the domestic growth numbers are looking stable and that he believes the mass consumption revival is on the way.

"We think govt will stick to 4.4% fiscal deficit target. The brokerage expects RBI to cut rates in December meet. Consumption growth will be felt in october- December quarter," he said. A lot has already been done on the fiscal front. We will now watch the GDP number, he added.

Stock Market News: Man Industries Management

Man Industries in an exclusive conversation with NDTV Profit said that the company will be pursuing legal challenges against the SEBI decision to bar it from exchanges.

The company asserted that the primary issues are minor compliance lapses related to the non-consolidation of its arm, Merino Shelters, from Fiscal Years 2015 to 2021.

The company stressed that these are historical legacy matters that do not reflect its current governance or operations, and no monetary loss was involved. Management confirmed Merino's financials are now consolidated and that they do not expect the SEBI action to impact day-to-day business.

Stock Market News: Man Industries Clarifies

"The primary issue involves the non-consolidation of its arm, Merino Shelters. The core problem is related to minor compliance lapses. These lapses occurred during the fiscal years 2015 to 2021," according to Man Industries.

"These issues are historical in nature. They do not involve any misrepresentation by the company. These matters also do not reflect the company’s current operations or governance standards," the company said in an exchange filing. It added that SEBI has finally disposed of these long-pending legacy matters.

Also Read: Man Industries Shares Tank 16% After SEBI Bars Company, Top Officials From Securities Market For Two Years

Stock Market Live: Blue Dart Shares Surge

The shares of Blue Dart surged over 9% during early trade on Tuesday to Rs 5,987 after the company announced that it will increase the average shipment price in range of 9-12% from Jan. 1.

The scrip was trading with over 6.67% gains at Rs 5,950 and this compared to a 0.13% adavnce in the Nifty 50 as of 9:33 a.m.

Also Read: Blue Dart Express Shares Zoom 10% At Market Open — Here's Why

Stock Market Live: Nifty 50 Check

In the Nifty 50 pack, the gains were led by Hero Moto gaining over 2% closely followed by Asian Paints, Power Grid and Hindalco. The shares of Titan was also trading in the green.

The names dragging the index were ITC, Zomato and RIL as of 9:25 a.m.

Stock Market Live: Man Industries Stock Plunges Over 15%

The shares of Man Industries plunged over 15% in trade so far to Rs 343.1 as of 9:20 a.m after the markets regulator SEBI on Monday barred the company and its three senior executives from accessing the securities markets for two years.

Additionally, SEBI has also imposed a fine of Rs 25 lakh on each of them for alleged financial misstatement.

Also Read: SEBI Bars Man Industries, Top Officials From Securities Market For Two Years Over Financial Misstatement

Stock Market Live: Nifty, Sensex Open Higher

The NSE Nifty 50 and BSE Sensex opened higher on Tuesday. The Nifty 50 was trading 0.23% up at 24,691.95 and the Sensex was up 170 points at 80,541.

Stock Market Live Update: Nifty, Sensex Higher At Pre-Open

At pre-open, the NSE Nifty 50 was trading 0.23% higher at over the 24,600 mark. The BSE Sensex was 0.37% higher at over 80,660 levels.

Stock Market News Live: Yield On 10-Year Bond Opens Flat

The yield on the 10-year bond opened flat at 6.55%

Source: Bloomberg

Rupee Vs Dollar: Rupee Opens Stronger

Rupee opened 6 paise stronger at 88.70 against the greenback

Source: Bloomberg

What Brokerages Say: ‘Unignorable Setup’ Says Morgan Stanley On Kotak Mahindra Bank

Kotak Mahindra Bank Ltd. is best set up to generate growth in an improving economy, Morgan Stanley said on Tuesday, noting that “The loan book is well diversified, with leverage to commercial banking, vehicle financing, and unsecured loans. Incremental spreads will improve and aid faster loan growth. We expect strong compounding and re-rating.”

Morgan Stanley believes that Kotak Bank has the best setup after two years of challenges. In two years, the bank navigated management transition, RBI embargo limiting unsecured loan growth, and asset quality issues in the MFI segment.

Read the full story below

Also Read: ‘Unignorable Setup’ Says Morgan Stanley For Kotak Mahindra Bank – Here’s Why

Stock Market News Live: NSE's GIFT City International Bourse To Allow Daily Expiry For Nifty Options

NSE IFSC Ltd. will allow daily expiry of Nifty 50 index options contracts on the international exchange with effect from Oct. 13, 2025.

"The introduction of 0DTE (Daily Expiration) options contracts with weekly expiry having expiry day on all days of the week on the Nifty 50 Index and the same shall be available for trading at NSE IFSC Ltd with effect from October 13, 2025," a circular said on Monday.

Also Read: NSE's GIFT City International Bourse To Allow Daily Expiry For Nifty Options From Oct. 13

Stock Market News Live: Commodity Check

Oil continued to push lower for a second session as the market weighed a looming glut and the possibility of an end to hostilities in Gaza.

West Texas Intermediate slipped toward $63 a barrel after tumbling 3.5% on Monday, the biggest drop since late June. Brent closed near $68. The OPEC+ alliance meets on Sunday and is likely to agree to raise output in November, though at a modest rate similar to that for October, Bloomberg reported.

Stock Market News Live: Brokerage Radar

Tata Motors Ltd., Lupin Ltd., Coforge Ltd., Pidilite Ltd., Vishal Mega Mart Ltd., Marico Ltd., and Unite Spirits Ltd., are among the companies garnering brokerage commentary today.

Analysts have shared their insights and, in several cases, revised their target prices based on their updated fundamental outlooks for these firms. Read the full story below for key analyst calls to watch for today.

Also Read: Stock Picks Today: Tata Motors, Lupin, Coforge, Mphasis, Welspun Living, HDFC Life On Brokerages' Radar

Stock Market News Live: Gold Hits All-Time High

Gold prices today were trading at a new high of levels above the Rs 1,16,000 mark, driven by festive demand and safe-haven demand. In India, the prices surged to Rs 116,410 per 10 gm, according to the India Bullion Co. The price surged by Rs 1,470 compared to Rs 1,14,940 on Monday.

The previous high that the yellow metal hit was on Sept. 23, when the price rose to Rs 1,14,360. Gold had crossed the Rs 1,10,000 mark on Sept. 15, and the possible rate cut from the Fed had drove the rally.

Also Read: Gold Price Hits All-Time High Amid Festive Demand — Check Rates In Delhi, Mumbai, Other Cities

Stock Market News Live: Asia Market Update

Chinese stocks are set for their best run of monthly gains since 2018, driven by optimism over artificial intelligence, easing geopolitical tensions, and expectations of policy support, according to Bloomberg.

The MSCI China Index has advanced about 8% in September, marking its fifth straight month of advance. Since bottoming out in April, the benchmark has rallied nearly 40%, outpacing the rebound in the S&P 500 and MSCI Asia following the tariff-driven selloff.

Stock Market News Live: Wall Street Recap

US stocks started the week on a positive note, registering gains even despite concerns around new tariffs, the potential for a government shutdown and looming key economic data.

The S&P 500 Index closed 0.3% higher, led by the consumer discretionary and tech sectors. Energy was the worst-performing of 11 market sectors as crude prices declined in anticipation of another production hike by OPEC+ in November, exacerbating concern about a glut. Robinhood Markets Inc. led gains in the index on expectations for strong event contract volumes. 

The tech-heavy Nasdaq 100 gained 0.4%, while the Dow Jones Industrial Average rose 0.2%.

Stock Market News Live: GIFT Nifty Indicates Muted Start For Indian Market

Good morning! Welcome to NDTV Profit's live coverage of the Indian equity markets. Here we bring you real-time updates, sharp analyst insights, top stock picks, and all the market-moving news you need. Stay tuned and stay ahead of the curve.

The GIFT Nifty was trading near 25,000 early Tuesday. The futures contract based on the benchmark Nifty 50 was trading 0.05% higher at 24,700 as of 6:32 a.m. indicating a stable start for the Indian markets.

On Friday, the benchmark indices saw a volatile session and ended in the red after opening higher. Nifty ended 0.08% lower at 24634.90 while Sensex ended 0.08% lower at 80364.94.

Also Read: Stock Market Highlights: Nifty Posts Best Streak In A Year; Sensex Ends On High Note

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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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