Stock Market Crash Highlights: Nifty, Sensex Log 8th Weekly Decline In Record Bear Run; NSE-Listed Cos Face Rs 5 Trillion Mcap Erosion

The NSE market capitalisation eroded by around Rs 5 lakh crore today, as the Nifty ended in the red for the eighth straight week, declining 3%. Bajaj Auto and Apollo Hospitals were the worst weekly performers, with both stocks falling more than 9%. The broader market also tracked the benchmark indices, with the Nifty Midcap 150 closing in the red for the second consecutive week, down 3.5%. PB Fintech and Patanjali Foods were the top weekly losers, declining 15% and 12%, respectively.

Sectorally, Nifty Bank dropped for the sixth consecutive week, while Nifty Financial Services extended its losses for the fifth straight week. Nifty Pharma snapped its three-week gaining streak, while Nifty Energy ended lower for the fourth consecutive week. Nifty PSU Bank and Nifty Auto declined for the eighth straight week. Nifty Metal and Nifty FMCG snapped their two-week losing streaks.

The Indian rupee closed at 96.32 per US dollar as against Wednesday’s close of 95.83.

The Sensex declined 570.59 points, or 0.79%, to 71,909.70, while the Nifty 50 settled 198.50 points, or 0.88%, lower at 22,421.95. The Bank Nifty index closed at 54,450.75, down 182.30 points, or 0.33%.

Sensex lost over Rs 24.68 lakh crore in market capitalisation in September. 
Nifty 50 lost over Rs 11.68 lakh crore in market cap last month.
 

Sensex, Nifty 50 register eight-week losing streak on Thursday. Both the benchmark indices briefly turned negative for FY27, but recovery followed. 

Sensex touched its lowest level today since June 2024. The index fell over 7,800 points over the last 41 sessions.

The BSE Sensex declined 470.16 points, or 0.65%, 72,010.13, while the NSE Nifty 50 was at 22,446.00, down by 174.45 points, or 0.77%, at 3:15 PM. The special Closing Auction Session (CAS) is underway.

TVS Motor Company recorded 24% increase in sales with 672,790 units in September 2026 as against 541,064 units in September 2025.

Total two-wheelers registered a growth of 23% with sales of 645,955 units in September 2026 as against 523,923 units in September 2025. Domestic two-wheelers sales growth rose 17% to 482,073 units in from 413,279 units, YoY.

Two-wheeler EVs sales jumped 110% to 65,799 units from 31,266 units, YoY.

Total exports grew 48% to 1,80,700 units from 1,22,108 units in September 2025. 

Three-wheelers registered a sales growth of 57% YoY at 26,835 units from 17,141 units in September 2025.

FIIs sold Indian equities worth over Rs 34,000 crore in the past five sessions. Here's a look at FII selling in the past five sessions.

30th September – Rs 10,148 crore
29th September – Rs 9,980 crore
28th September – Rs 5,353 crore
25th September – Rs 3,693 crore
24th September – Rs 5,027 crore
 

The US benchmark yield rose to its highest level since 2002 as elevated oil prices drove a renewed selloff in global bonds, Bloomberg reported. The yield on the 10-year Treasury yield climbed as much as six basis points to 5.34% on Thursday, crossing its 2007 peak.

Maruti Suzuki, Tata Steel, Mahindra & Mahindra (M&M) and ITC were the top losers on Sensex, while Infosys, HDFC Bank, Tata Consultancy Services (TCS) and HCL Technologies were the only ones to trade in the green.

HFCL share price hit 5% upper circuit of Rs 237.95 apiece on the BSE, continuing its broader uptrend characterized by a sustained Higher High-Higher Low (HH-HL) structure on the daily timeframe.

“Following a recent Double Top formation near its resistance zone around Rs 255–256, the stock experienced a natural technical retracement. This correction found robust buying interest between the critical 0.618 and 0.79 Fibonacci retracement levels, a key support zone closely aligned with the 100-day Exponential Moving Average (EMA). Rebounding strongly off this confluence zone, the stock formed a Daily Bullish Engulfing candle pattern, signaling strong buying interest at lower levels,” said Hitesh Tailor, Technical Research Analyst at Choice Broking.

Trading volume has shown marked improvement during this bounce, lending conviction to the recovery. Additionally, the Relative Strength Index (RSI) has rebounded from lower levels and is currently holding firmly above the midpoint (at 58.76), reflecting renewed bullish momentum, he added.

According to him, key downside support is established in the Rs 215–Rs 220 range, underpinned by the 50-day EMA, while immediate resistance on the upside remains around Rs 255– Rs 257, near its peak levels.

JTL Industries achieved highest ever half yearly sales volume of 2,20,806 MT in H1 FY27, registering 21.2% YoY growth over H1 FY26. The company’s Q2FY27 sales volume stood at 1,02,255 MT, registering 25.3% YoY growth.

Approximately 7,00,000 MT of incremental capacity is expected to come on stream in Maharashtra during H2 FY27.

JTL Industries share price traded 4.09% lower at Rs 84.59 apiece on the BSE.
 

Tata Motors announced that its total commercial vehicle (CV) sales in the domestic and international markets stood at 51,062 units in September 2026, registering a growth of 42.4% from 35,862 units in the year-ago period.

Total domestic CV sales last month increased 31.2% to 43,487 units from 33,148 units, while total exports jumped 179.1% to 7,575 units from 2,714 units, year-on-year (YoY).

Indian bond yields spiked. The yield on the 6.94%, 2036 Government Bond was up at 7.222% as against 7.1879% on Wednesday.

Maruti Suzuki India reported a 24.4 per cent rise in total sales at 2,36,013 units in September, as compared to 1,89,665 units in the same month last year. The total figure includes domestic, exports and sales to other original equipment manufacturers.

Total domestic passenger vehicle sales rose nearly 37 per cent to 1,81,838 units last month from 1,32,820 units a year ago, a regulatory filing by Maruti Suzuki India said.

Total domestic sales, including LCVs (light commercial vehicles), were at 1,85,252 units in September as against 1,35,711 units a year ago, the company said. Total exports increased to 44,219 units in September from 42,204 units in the same month last year.

Sales of mini, compact and mid-sized cars, including Alto, Baleno, Celerio, Ciaz, Dzire, Ignis, S-Presso, Swift and WagonR rose to 91,887 units last month from 74,090 units in September 2025.

Sales of utility vehicles consisting of Brezza, Ertiga, e Vitara, Fronx, Grand Vitara, Invicto, Jimny, Victoris and XL6, were at 78,911 units as compared to 48,695 units in the same month a year ago.

The company said sales of Eeco vans stood at 11,040 units last month as compared to 10,035 units in September 2025. Sales of LCV Super Carry stood at 3,414 units as compared to 2,891 units in the same month last year, Maruti Suzuki India added.

Among the major sectoral indices, Nifty IT is the best performing sector while Nifty Auto is the worst performing sector. The frontline indices extended their decline, slipping below the lows of the previous two trading sessions, while back-adjusted Nifty futures fell to their lowest level since March 2023.

Broad-based selling pressure was evident across all major sectoral indices, with Reliance, M&M and L&T emerging as the key contributors to Nifty’s decline. Nifty is on course to hit the eighth straight weekly loss. All broader market indices declined over 1%. The volatility index India VIX spiked over 10%. Among sectoral indices, Nifty Auto, Media, Metal and Cement were the top drags while Nifty IT was the only one in green.

Sectoral Indices Today

The Indian stock market indices extended their losses on Thursday, with the Nifty 50 slipping below the 22,400 mark and trading at its lowest level since April 2026. The index is also on track to record its eighth consecutive weekly decline, a rare streak that was last seen in 2001. READ MORE HERE

According to Sudeep Shah, Vice President – Technical and Derivatives Research at SBI Securities, an eight-week losing streak for the Nifty is a rare occurrence. Since 1992, the index has witnessed such prolonged declines only six times previously. The longest streaks were eight weeks in 1993 and nine weeks in 2001.

Historically, the end of such losing streaks has often been followed by a rebound. Across the six previous instances, the Nifty delivered an average return of around 11% over one month, 12% over three months, 14% over six months and 39% over 12 months.

In a major structural push to resolve grid integration bottlenecks for renewable energy, the government has approved a capital outlay of Rs 1.86 lakh crore for the Green Energy Corridor Phase-3. The scheme targets the evacuation of up to 135 GW of renewable capacity and the rollout of 50 GWh of Battery Energy Storage Systems (BESS) by FY33. It will rely on high-voltage transmission lines, high-capacity switchgears, transformers, reactive power compensation devices, and BESS balance-of-plant solutions required across states.

Order books for primary electrical equipment makers-specifically Hitachi, Siemens Energy, GVTD, and CG Power-are poised for multi-year revenue visibility. Concurrently, EPC contractors and transmission developers like PGCIL stand to capture significant volumes under both the competitive BOOM packages and regulated execution assignments, said JPMorgan.

Indian equity investors saw nearly Rs 9.5 lakh crore of wealth wiped out on Thursday as benchmark indices came under heavy selling pressure yet again, with the BSE Sensex plunging nearly 1,000 points and the Nifty50 slipping below the 22,400 mark.

The combined market capitalisation of BSE-listed companies fell to Rs 4,63,65,689.45 crore, from Rs 4,73,09,634.31 crore at Tuesday's close, translating into a decline of around Rs 9.44 lakh crore.

The BSE Sensex tumbled as much as 1.31%, or 952.31 points, to an intraday low of 71,527.98, while the Nifty50 fell as much as 1.41%, or 319.15 points, to 22,301.30. The sell-off was broad-based, with mid- and small-cap stocks also witnessing sharp declines.

Commercial vehicle maker and Hinduja Group's flagship firm Ashok Leyland on Thursday said its total vehicle sales grew 28 per cent year-on-year to 24,409 units in September.

The company had sold a total of 18,813 vehicles in September last year, it said in a statement. Total truck and bus sales rose 37 per cent to 16,188 units in the previous month from 11,808 vehicles in September 2025.

Light commercial vehicles sales for the reporting month stood at 7,861, an increase of 12 per cent over 7,005 units sold in the same month last year, Ashok Leyland said.

Silver prices rose 0.93 per cent to Rs 2.25 lakh per kg in futures trade on Thursday amid a firm global trend.

On the Multi Commodity Exchange, the white metal for December delivery rose by Rs 2,087, or 0.93 per cent, to Rs 2,25,793 per kilogram in a business turnover of 2,364 lots.

Fresh positions built by participants led to a rise in silver prices, analysts said. In the overseas market, silver futures rose 1 per cent to USD 61.02 per ounce.

Crude oil prices fell by Rs 39 to Rs 8,695 per barrel in the futures trade on Thursday amid weak global trends.

On the Multi Commodity Exchange, crude oil futures for October delivery slipped by Rs 39, or 0.45 per cent, to Rs 8,695 per barrel in a business turnover of 9,015 lots.

Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market.

Globally, West Texas Intermediate crude was trading 0.70 per cent lower at USD 89.79 per barrel, while Brent crude declined 0.37 per cent to USD 97.67 per barrel in New York.

Gold prices on Thursday rose by Rs 1,475 to Rs 1,50,511 per 10 grams in futures trade as speculators created fresh positions on firm spot demand.

On the Multi Commodity Exchange, the yellow metal contract for October delivery traded higher by Rs 1,475, or 0.99 per cent, at Rs 1,50,511 per 10 grams in a business turnover of 2,019 lots.

Fresh positions by market participants led to a rise in the precious metal's prices, analysts said. Gold futures rose 0.59 per cent to USD 4,182.06 per ounce in New York.

Nifty has plunged over 200 points from day's high, falling as much as 1.22% intraday to 22,344. Sensex meanwhile has fallen 1.14%, or over 800 points, to 71,651, as of 12:55 pm. Here are top three reasons behind the market's crash today:

• FPI Outflows

• IPOs Pulling Liquidity 

• Triple Whammy Of Oil, Rupee, US Yields 

US 10-Year Treasury Bond Yield hits 5.33, 30-Year Treasury Yield Hits 5.667 -- Both highest since 2002. Global bonds closed out their worst month in years on Wednesday, with the benchmark 10-year US Treasury yield rising on the day and posting its biggest monthly increase since 2022, while the S&P 500 registered a decline for September and European shares suffered their first monthly fall in six. For the quarter, 10-year US yields were showing their biggest rise since 2009, while France's 10-year bond yield had its biggest jump in nearly four decades. France's 10-year yield had its biggest monthly rise in almost four years.

• Sharp fall in Nifty, breaks 22,400, down over 1% today
• Nifty loses over 200 points from days high
• Nifty falls over 80 points in last 6 minutes
• Nifty now down over 2,400 points in 42 sessions
•  In the last six sessions, Nifty has plunged over 1000 points
• Nifty Bank down 3,000 points in last 30 days

India's economic growth momentum remains largely intact heading into the second quarter of FY27, anchored by robust domestic demand and an above-normal monsoon. However, mounting external volatility, emerging inflationary pressures, and persistent household anxiety over jobs mean the country cannot afford complacency, the Department of Economic Affairs (DEA) said in its latest Monthly Economic Outlook.

The DEA stressed that India "cannot take high growth for granted." Navigating the current global landscape will hinge on three core pillars: preserving macroeconomic stability, reinforcing structural resilience, and executing rapid, predictable, and consistent policy decisions. Domestically, the most pressing structural challenge highlighted in the review is the employment landscape. READ MORE HERE

Railway stocks came under pressure on Thursday, October 1, 2026, a day after several railway counters witnessed a sharp rally, with IRCON International surging 18.32% in the previous session. 

The sudden reversal has brought profit booking into focus, particularly as the broader market remains under pressure. 

Among individual railway stocks, IRCON International tumbled 6.23% to hit an intraday low of Rs 109.75. RailTel slipped 3.37% to an intraday low of Rs 257.30, while Titagarh Rail declined 1.91% to Rs 803 per share.

IRCTC fell 1.86% to an intraday low of Rs 447, nearing its 52-week low of Rs 446.35. RVNL slipped 1.36% to an intraday low of Rs 199.25, close to its 52-week low of Rs 195.20. READ MORE HERE

The Goods & Services Tax (GST) collection saw a decent growth in the month of September 2026, official data showed on Thursday. Gross GST collections in September rose 14.7% year-on-year (YoY) to Rs 2.04 lakh crore. 

Gross domestic GST collection stood at Rs 1.38 lakh crore, registering a growth of 10.1% YoY, while revenue from imports was up 25.9% to Rs 65,525 crore in September. GST refunds, however, slowed to Rs 27,001 crore in September, a decline of 3% on-year.

IT stocks were buzzing in early trade on Thursday, with the Nifty IT index rallying as much as 1.71% to hit an intraday high of 28,178.60. Among individual IT stocks, Infosys rose as much as 2.51% to Rs 1,019.10, while TCS gained 1.66% to Rs 2,084.60.

Tech Mahindra climbed 2.02% to Rs 1,554.80, HCLTech advanced 1.42% to Rs 1,247.50, and Coforge rose 2.43% to Rs 1,791.60. Meanwhile, Wipro gained 1.55% to Rs 160.95, Persistent Systems increased 1.46% to Rs 5,356, Mphasis surged 3.56% to Rs 2,231, LTM rose 0.40% to Rs 4,061.30, and OFSS gained 0.23% to Rs 10,654.

The gains in IT stocks come after Morgan Stanley analysts Sulabh Govila, Gaurav Rateria, Shreshtha Chopra and Sakshi Rana initiated coverage on two Indian IT services challengers — Persistent Systems and Hexaware — with an 'Overweight' rating. READ MORE HERE

India's next technology spending cycle could favour IT challengers over the country's traditional Tier-1 vendors, according to Morgan Stanley. The brokerage has initiated coverage on Persistent Systems and Hexaware Technologies with an Overweight rating, arguing that smaller IT services firms could have greater growth visibility as the technology cycle shifts towards AI-led spending. Morgan Stanley has set a price target of Rs 6,150 for Persistent Systems and Rs 600 for Hexaware Technologies. The brokerage describes Persistent as a structural beneficiary of the new technology cycle, while positioning Hexaware as a recovery play. READ MORE HERE

Royal Enfield, the motorcycle brand of Eicher Motors, reported its highest-ever monthly sales of 1,33,958 motorcycles in September 2026, registering an 8% year-on-year (YoY) growth and beating market estimates. The record monthly performance comes as Royal Enfield enters the festive period with the company highlighting positive customer sentiment, a strong booking pipeline and continued product interventions across its portfolio. Royal Enfield sold 1,33,958 motorcycles in September 2026, marking an 8% YoY growth and its highest-ever monthly sales.

Axis Capital analysts Ravi Menon, Rohit Thorat and Rushabh Jain have retained their ‘Buy' rating on Persistent Systems and raised the target price to Rs 7,210 from Rs 6,980, citing the potential removal of a key overhang around Nagarro following Persistent's increased stake in the company. The key trigger, according to the analysts, is Persistent Systems' stake in Nagarro rising to 83.25% following the open offer.

This makes Nagarro's delisting possible and, in Axis Capital's view, reduces concerns around delayed synergies and the possibility of Persistent having to make higher payouts to complete the process. The brokerage has kept its valuation multiple unchanged at 32x September 2028 estimated P/E, while factoring in revenue synergies into its FY28 estimates.

Brokerage firm CLSA has retained its ‘Hold' rating on Vodafone Idea, with a target price of Rs 13 per share, as it flagged the telecom operator's sizeable spectrum liabilities and the sharp increase in government repayments from FY29. According to CLSA, Vodafone Idea has planned to raise around Rs 350 billion ($3.7 billion) in bank debt to support its targeted Rs 450 billion ($4.7 billion) network investments over FY27-FY29.

However, the brokerage said investors need to look beyond the proposed debt raise, given the company's substantial spectrum repayment obligations. Vodafone Idea's estimated spectrum debt stands at around Rs 1.3 trillion ($13.7 billion). While repayments to the government are relatively manageable at Rs 67-167 billion annually in FY27 and FY28, these obligations are expected to rise sharply to around Rs 270 billion ($2.8 billion) annually from FY29, CLSA said.

Hospital stocks are back in focus as brokerages assess how potential regulation of medicine mark-ups could affect profitability. Views remain mixed, with brokerages estimating anything from a 2-5% hit to hospital EBITDA to a worst-case 7-9% impact, depending on the extent of pricing controls and how much hospitals can offset through treatment-package repricing.

The debate follows Supreme Court observations on medicine mark-ups at private hospitals. The Court had raised questions over the spread between purchase prices and MRP and whether the existing 16% margin cap for scheduled drugs could be extended to a wider set of medicines. The matter is scheduled for another hearing on October 12, 2026.

Macquarie estimates that medicines, consumables and implants accounted for around 21% of private hospital revenue in FY26. Axis Capital said pharmacy remains a high-margin business for hospitals and therefore an area exposed to regulatory scrutiny. However, it views the medicine mark-up example cited by the Supreme Court as an exception rather than the norm.

Jefferies estimates a more modest 2-5% impact on hospital EBITDA, arguing that hospital chains have multiple levers to absorb the effect of potential price cuts. Its preferred names, in order, are Fortis, Manipal Hospitals, Apollo Hospitals, Max Health and Medanta. HSBC said pricing-control discussions could ultimately apply only to select drug classes. It flagged government-scheme exposure of 17-21% of revenue for Max Health, Fortis, Global Health and Narayana Health, compared with 9-11% for Aster and Apollo Hospitals, and 14% for Manipal Health.

The long-awaited CAFE-III rules have finally removed one of the biggest regulatory uncertainties hanging over India's passenger vehicle industry — and brokerages are already drawing sharply different conclusions on which automakers are best positioned for the transition.

Citi sees the new framework as more stringent than the earlier CAFE-I and CAFE-II regimes, but believes the clarity around the final rules is a positive for the sector. In passenger vehicles, Citi's preferred order is Maruti Suzuki, Mahindra & Mahindra and Hyundai, while it has a Sell rating on Tata Motors' passenger vehicle business.

Bank of America (BofA) Securities, meanwhile, believes the final CAFE-III norms favour electric vehicles, although the concessions and compliance flexibility soften the transition requirements. On current emissions, BofA sees Tata Motors and Maruti as the best placed to meet the norms, while M&M and Hyundai get some respite because of their relatively lower compliance requirements.

With another month, comes another price hike amid ongoing geopolitical tension and supply crunches. Commercial LPG cylinder prices have gone up from October 1, with the 19-kg cylinder becoming costlier by up to Rs 71.50 across different cities. The increase comes ahead of the festive season and raises the cost burden for restaurants, hotels, caterers and other businesses that use commercial LPG.

In Delhi, the price of a 19-kg commercial LPG cylinder has risen by Rs 62.50 to Rs 2,810, from Rs 2,747.50 in September. The September rate itself had been raised by Rs 9.50. In Mumbai, the new commercial cylinder price is Rs 2,764, while Chennai's rate has risen to Rs 2,983. In Patna, the price has increased by Rs 71.50 to Rs 3,100.50, the highest increase among the cities highlighted.

Among sectoral indices, Nifty Auto, Nifty Cement, Nifty Realty, Nifty Media and Nifty Healthcare were top laggards, plunging up to 2.76% in early deals. Energy, metal and pharma indices also traded sharply lower, falling between 0.86% and 0.95%. Bucking the trend, Nifty IT rose more than 1%, while Nifty Private Bank also advanced 0.60%.

Sectoral Indices Today

Adani Energy Solutions Ltd is is rallying in trade during Thursday's session, jumping as much as 5.13% intraday. This comes after the Union Cabinet approved the Rs 1.86 lakh crore PM-DHARA scheme, aimed at strengthening India's intra-state power transmission infrastructure and supporting renewable energy integration. 

The programme also includes deployment of 50 GWh of battery storage capacity to help evacuate around 135 GW of renewable energy. The stock rose to an intraday high of Rs 1,382, later paring some gains and was around Rs 1,368.20, up 4.08%. The share price has jumped 33.38% this year.

Shares of Escorts Kubota Ltd. fell over 3% in early trade on Thursday after the company reported a 16.7% year-on-year decline in total tractor sales to 15,214 units in September 2026, compared with 18,267 units a year ago.

At around 10:07 a.m., the stock was trading at Rs 2,624.1 apiece on the NSE, down 3.36% from its previous close at Rs 2,715.2. The company's domestic tractor sales stood at 14,911 units in September, compared with 17,803 units a year earlier, declining by 16.2% year-on-year. Export sales also slumped 34.7% to 303 tractors from 464 units a year earlier.

Escorts Kubota said the September 2026 performance was not comparable with the year-ago sales. Despite the monthly decline, domestic tractor sales for the first six months of fiscal 2027 rose 11.3% to 68,085 units from 61,177 units in the year-ago period. Total tractor sales during April-September increased 10% to 70,879 units from 64,458 units.

Hyundai Motor India on Thursday reported its highest-ever monthly total sales including exports in September at 77,916 units, registering a 10.8 per cent year-on-year growth. This includes monthly domestic sales of 57,166 units (up 10.9 pc year-on-year) and exports of 20,750 units (up 10.4 pc year-on-year).

"We are delighted to close September 2026 with our highest-ever total monthly sales of 77,916 units (domestic exports), registering a healthy double digit growth of 10.8 per cent year-on-year. This number surpasses our previous record achieved in July 2026," said Tarun Garg, MD & CEO Hyundai Motor India Ltd.

The government on Wednesday cut the windfall gains tax on export of diesel and Aviation Turbine Fuel (ATF) for the fortnight beginning October 1, while retaining it at the same level for petrol.The rate of special additional excise duty (SAED) along with road and infrastructure cess on export of diesel has now been reduced to Rs 16 per litre from Rs 20 a litre.

SAED on export of ATF has been slashed to Rs 10.5 per litre from Rs 15 per litre. However, duty on petrol exports has been kept unchanged at Rs 0.5 per litre for the next fortnight. The duty hikes will be effective from October 1, according to the Finance Ministry notification. The ministry also said that there is no change in the existing duty rates on petrol and diesel cleared for domestic consumption.

Mahindra & Mahindra (M&M) shares came under pressure on Thursday, falling as much as 3.52% to hit a fresh 52-week low of Rs 2,843.65 per share on the BSE, after the company reported its September 2026 sales numbers. The pressure on the stock came despite a 15% year-on-year (YoY) growth in overall auto sales, as tractor sales fell short of market expectations.

At 9:48 am, M&M shares were trading 2.31% lower at Rs 2,879.30 per share. In comparison, the BSE Sensex was down 0.12% at 72,402. Mahindra & Mahindra reported total auto sales of 1,14,874 units in September 2026, registering a 15% YoY growth. Domestic passenger vehicle sales remained strong, with utility vehicle sales rising 14% YoY to 64,092 units in September, compared with 56,233 units in the year-ago period.

Real estate consultancy firm Anarock Property Consultants Ltd has filed draft papers with capital markets regulator Sebi to raise Rs 1,000 crore through an Initial Public Offering (IPO) to fund its technology push, business expansion and acquisitions. The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 550 crore and an Offer For Sale (OFS) of up to Rs 450 crore, according to the Draft Red Herring Prospectus (DRHP) filed on Wednesday.

Under the OFS, promoter selling shareholders Peter Properties Ltd and Khushi Trust, along with investors including various funds managed by 360 ONE, Om Sai Trust and Colared Consultants and Traders LLP, will offload shares. The company may also consider a pre-IPO placement of up to Rs 110 crore. If such a placement is completed, the size of the fresh issue will be reduced accordingly. The company said it plans to deploy the proceeds from the fresh issue towards organic and inorganic growth, including investments in artificial intelligence (AI) augmentation and technology.

Anarock proposes to invest Rs 80 crore in AI augmentation and technology for its transaction advisory business, Rs 25 crore for technology solutions through ACP and Rs 15 crore for technology solutions through Anacity, its subsidiary. Another Rs 89.5 crore will be used for strengthening existing businesses and adding new specialised services through talent augmentation.

The company has earmarked Rs 148 crore for funding the DSP Acquisition, while the remaining proceeds will be used for unidentified acquisitions, strategic initiatives and general corporate purposes. In 2024, Anarock had raised Rs 200 crore from 360 One Asset Management Ltd to fund its overall business growth, both organically and inorganically.

The Group currently has around 2,300 employees operating across key tier-1 and 2 markets in India and the Middle East. ICICI Securities, IIFL Capital Services and 360 ONE WAM are the book-running lead managers to the issue, while KFin Technologies is the registrar to the offer. The equity shares proposed to be offered through the IPO are proposed to be listed on the BSE and NSE.

Asian shares mostly rose in early Thursday trading amid investor interest in technology-related issues, despite ongoing worries about the war in Iran. Japan's benchmark Nikkei 225 jumped 2.4 per cent in morning trading to 68,355.81. Australia's S&P/ASX 200 lost 1.7 per cent to 8,638.10. South Korea's Kospi edged up 0.5 per cent to 6,873.06. Hong Kong's Hang Seng added 0.4 per cent to 24,613.27, while the Shanghai Composite gained 0.3 per cent to 3,842.19. In Tokyo trading, issues expected to get a boost from the solid demand in computer chips and AI-related growth have been rising in recent sessions, including Advantest Corp., Tokyo Electron and SoftBank Group Corp.

Kotak Mahindra Bank share price gained over 3% in early trade, after the lender announced appointment of Anup Kumar Saha as its next Managing Director (MD) and Chief Executive Officer (CEO). The banking stock rallied 3.54% to Rs 432.40 apiece on the BSE. The private sector lender said that the RBI has approved the appointment of Saha for the post for three years, effective January 1, 2027. Saha is currently Whole-time Director (Executive Director) of Kotak Mahindra Bank, and will succeed Ashok Vaswani, the current MD and CEO. Saha joined Kotak Mahindra Bank in January 2026 and since March 2026 has overseen the Retail Bank, Data Analytics and Marketing function.

Bajaj Auto share price fell more than 7% in early trade on Thursday, even as the company reported a 5% year-on-year (YoY) increase in total sales for the month of September 2026, supported by strong export growth. The auto stock plunged as much as 7.36% to Rs 10,060.00 apiece on the BSE. The company sold a total of 5,38,443 units in September 2026, registering a growth of 5% from 5,10,504 units sold in the same month a year ago.

Bajaj Auto Total Sales Up

Bajaj Auto Limited Sales for the month of September are as follows:

• Total Sales up 5% At 5.38 lakh Units YoY  
• Exports up 32% At 2.43 lakh Units YoY  
• 3W Sales upc9% At 86,949 Units YoY  
• Domestic 2W Sales reduce 9% At 2.94 lakh Units YoY  
• 2W Exports up 34% At 2.11 lakh Units YoY 
• 3W Exports up 17% At 32,264 Units YoY 
• 2W Sales at 4.51 lakh Units Vs estimate Of 4.8 lakh Units

The projected sales growth was 11% to 12%; however, actual sales stood at 5%.

Domestic equity benchmarkss Sensex and Nifty drifted lower in early trade on Thursday as relentless foreign fund outflows weighed on investors' sentiment, although cooling crude oil prices that traded below the USD 100 per barrel mark cushioned the fall. Persistent foreign outflows continued to weigh on risk sentiment, with the benchmarks on course for the eighth straight weekly loss, their longest such streak in 25 years.

The 30-share BSE Sensex declined 215 points to 72,257.30 in early trade. The 50-share NSE Nifty was down 107.25 points to 22,518.90. From the 30 Sensex firms, Mahindra & Mahindra, Maruti, UltraTech Cement, Bharat Electronics, Eternal and Asian Paints were the major laggards. Kotak Mahindra Bank, Infosys, HCL Tech, Tata Consultancy Services and Axis Bank were among the winners.

Most US stocks fell Wednesday as investors weighed the risks of an economy that continues to power through persistent challenges, keeping pressure on markets. The S&P 500 fell 0.3% Wednesday, marking its third losing month in four, while the Dow dropped 0.9%. The Nasdaq bucked the trend, rising 0.2%, as investors weighed the implications of a resilient US economy. The dollar remained near a two-month peak on Thursday as higher US Treasury yields supported the currency. Persistent inflation concerns linked to the Middle East war added to pressure on bond markets.

The trends on Gift Nifty also signal a negative start for the Indian benchmark indices, Nifty 50 and Sensex, today. The Gift Nifty was trading around 22,607 level, a discount of nearly 100 points from the Nifty futures' previous close. Here are five key factors to watch ahead of the opening of the Indian stock market today:

Asian Markets

Wall Street

US Inflation

Crude Oil Prices

Gold Rate Today

Oil prices held on to their recent gains on October 1, Thursday as traders assessed whether crude flows from the Middle East can sustain a recovery towards pre-war levels, even as fuel markets remain tight. Brent for December delivery traded near $98 a barrel, after rising 1.9% in the previous session. West Texas Intermediate hovered around $90. This comes as crude flows from the Middle East are nearing pre-war levels, but the recovery in fuel supplies has been weaker. Crude has now risen for a third straight month in September, with markets still waiting for clarity on whether the US and Iran can reach a lasting agreement that would allow the Strait of Hormuz to fully reopen.

Asia-Pacific markets opened mixed on Thursday. Japan's Nikkei 225 rose 0.86%, while the Topix declined 0.44%. South Korea's benchmark Kospi was down 0.8%, while the small-cap Kosdaq Index started the day flat. Chinese markets were closed for the holiday. South Korea's exports jumped 83.5% in September from a year earlier to post a record monthly high, customs data showed. Semiconductor shipments, fuelled by global spending on artificial intelligence, also set a record.

Data showed outbound shipments outstripped market expectations of a 62.0% increase, marking the country's 16th consecutive month of export growth. Average exports per working day jumped by 104.9% compared to the previous year. The growth was anchored by a historic peak in semiconductor shipments, which continue to serve as the backbone of the global AI infrastructure build-out. Imports climbed 26.0% year-on-year, outpacing the 21.5% forecast. 

Hello and welcome to NDTV Profit's live coverage of stock market news today, with the top market directions in India, Asia Pacific and the West. From pre-market signals to the most buzzing stocks in trade, we bring you all top developments from D-Street to keep you updated throughout the day. The Indian stock market is likely to remain volatile after renewed geopolitical tensions between the US and Iran and rise in US bond yields. 

Stay tuned to NDTV Profit for all back-to-back live updates of the Indian stock market, trending stock calls, global indices and company announcements on Thursday, Oct. 1, 2026.