Stock Market Today LIVE: Sensex, Nifty 50 Trade Flat; DMart Slips 4%; HCL Tech, Poonawalla Fincorp Gain

The Bank Nifty gave up early gains to trade 0.2% lower. Axis Bank, Federal Bank, SBI, PNB and ICICI Bank were the top losers on the Bank Nifty index.

M&M, BEL, Trent, Sun Pharmaceutical Industries and NTPC were the top gainers on Sensex, while Tech Mahindra, ITC, Axis Bank, Bharti Airtel and SBI were the top index losers.

Among sectors, gains were seen in Nifty Auto, Nifty Metals, Nifty Realty, Nifty Oil & Gas and Nifty Pharma indices, while Nifty FMCG and Nifty PSU Banks were under selling pressure.

Broader market supported the rally, with the Nifty Smallcap 100 index gaining over 1% and the Nifty Midcap 100 index rising over half a percent.

The Sensex opened 298.99 points, or 0.41%, higher at 72,771.32, while the Nifty 50 gained 298.99 points, or 0.41%, to open at 22,593.20. The Bank Nifty index opened at 55,350.15, up by 93.50 points, or 0.17%.

The Indian rupee appreciated 97 paise to open at 95.76 against the US dollar as against its previous close of 96.73.

The external headwinds and sustained FII selling have made India one of the worst performing markets this year with a -13.87 YTD return. The sharp correction has made valuations fair and, in many segments, attractive. This, along with the impressive GDP growth estimate of 7.1% for FY27 and improving corporate profitability, provides strong fundamental support to the market. Therefore, investors can accumulate fairly-valued growth stocks ignoring the uncertainty and volatility in the market. For investors with a medium-to-long-term investment horizon, this market provides value buying opportunities. Patience is the key, said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

If crude declines sharply following favourable developments in the Middle East, the market can rally significantly from the current levels, he added.

Four initial public offerings will open for subscription in the week beginning October 12, including two mainboard issues with a combined size of Rs 1,414 crore. HD Fire Protect's Rs 712-crore offering opens on October 13, while Fusion CX's Rs 702-crore issue begins on October 14.

On the SME platform, Vaibhav Vyapaar and Ravita Engineering Services will open their IPOs on October 13, with both closing on October 15, 2026. Here is a list of IPOs that will go up for subscription.
 

The Strait of Hormuz remains on edge as fresh attacks on ships deepen the deadlock over efforts to ease the US-Iran conflict.

At least five incidents involving attacks on ships have been reported over the past three days, raising fresh concerns over maritime security along a critical global energy route.

According to the UK Maritime Trade Operations (UKMTO), a tanker transiting outbound was struck on its port side by an unidentified projectile, as reported by the vessel's Company Security Officer (CSO). A day earlier, UKMTO received a report of an incident involving a tanker and military forces in the Gulf of Oman.
 

Jefferies On Avenue Supermarts After Q2 Results:

• Maintain Hold; Cut TP to Rs 4,000 from Rs 4,500
• Margin Shocker
• Strong traffic, higher inflation & one of the best LFL prints in recent quarters
• This highlighted healthy demand during Q2, but profitability disappointed
• Higher food mix, weaker GM, wage inflation & inventory build weighed on earnings & operating cash flow
• Store expansion remained modest, but productivity softened, as evidenced by a multi-quarter low unit EBITDA for Q2
• Cut EPS by 2-3%
• Believe the stock is likely to trade down in reaction to Q2 miss
   

Crude oil prices declined on hopes that more Russian supplies following a US-Russia diesel deal. Brent crude futures dropped 2.09% to $102.53 a barrel, while US West Texas Intermediate crude was at $89.81 a barrel, down 2.22%.

US President Donald Trump said that Russia and Ukraine had agreed to an “energy ceasefire” effective immediately. Meanwhile, after an agreement between Russian President Vladimir Putin and Donald Trump, Russia partially lifted its ban on diesel exports, allowing 500,000 metric tons of fuel to reach international markets.

US stock market ended higher on Friday, with all three major US stock indexes gaining for the day and logging weekly gains.

The Dow Jones Industrial Average rallied 423.31 points, or 0.83%, to 51,654.95, while the S&P 500 gained 46.15 points, or 0.59%, to 7,811.51. The Nasdaq Composite closed 172.83 points, or 0.64%, higher at 27,366.17.

Asian stock markets traded mixed on Monday. South Korea’s Kospi declined 1.86%, while the Kosdaq slipped 3.87%. Hong Kong’s Hang Seng index futures indicated a higher opening. Japan markets are closed for a holiday.

The trends on Gift Nifty signal a flat start for the Indian benchmark indices, Nifty 50 and Sensex, today. The Gift Nifty was trading around 22,620 level, a premium of nearly 8 points from the Nifty futures’ previous close.

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a cautious note Monday, following mixed cues from global markets.