Nifty 50 opened at 24,759.55, down by 76.75 points (-0.02%). Bank Nifty opened at 55,182.60 decreased by 165.35 points (-0.3%). Sensex opened at 80,684.14, down 299 points (-0.03%). GIFT Nifty is currently trading at 24,893.50.
Global index as of October 3, 2025
- DOW 30 closed at 46,519.72, up by 78.62 points (0.17%).
- S&P 500 closed at 6,715.35, up by 4 points (0.062%).
- NASDAQ increased by 88.89 points (0.39%), closing at 22,844.05.
- FTSE 100 decreased by 18.70 points (0.20%) to settle at 9,427.73.
- DAX increased by 308.94 points (1.28%), ending at 24,422.56.
- NIKKEI 225 increased 647.81 points (1.44%) to trade at 45,584.54.
Commodities Update
- Gold: Currently trading at Rs. 116,919 per 10 grams.
- Silver: plummeted by 1.53%, now at Rs 142,513 per kilo.
- Crude Oil: Prices jumped by 0.44%, reaching 64.385, compared to the previous close of 64.105.
Global events/updates
- Asian markets gained on Friday, following Wall Street’s positive momentum as investors brushed off concerns over a potential U.S. government shutdown. Japan’s Nikkei 225 jumped 1.11%, driven by strong performance from Hitachi. Meanwhile, trading in China and South Korea remained shut for holidays, keeping activity lighter across the region. Sentiment stayed broadly optimistic.
- India’s data center industry is entering a rapid growth phase, with capacity expected to more than double from 1.2 GW to over 3 GW in five years. Rising digital adoption, cloud services, and AI-led demand are driving this surge. Global firms, Indian billionaires, and even real estate developers are rushing to capitalize on this opportunity.
- Silicon Valley’s new wave of defense tech startups, called “neoprimes,” is reshaping the industry by attracting billions in funding. Companies like Anduril and Palantir are challenging traditional contractors with faster, software-driven solutions. Their focus on dual-use technologies makes them valuable for both commercial and military applications, positioning them as key players in the future of defense.
- Apple has removed apps that tracked U.S. Immigration and Customs Enforcement officers after pressure from Attorney General Pam Bondi. The decision followed an FBI report linking such apps to a gunman’s attack on a Dallas ICE facility, which resulted in two immigrant deaths and one injury. The move highlights tensions over safety, privacy, and accountability.
- Taiwan has dismissed a U.S. proposal suggesting it produce half of America’s chip needs locally. The island’s top trade negotiator clarified that such an idea was never raised in official talks. Instead, discussions with Washington have centered mainly on tariffs and trade issues, underscoring Taiwan’s cautious stance on sensitive semiconductor supply chain matters.
- President Donald Trump framed the government shutdown as an “unprecedented opportunity” to cut Democratic priorities. His administration froze $18 billion meant for New York City infrastructure and canceled $8 billion in climate projects targeting Democratic states. He plans to meet with budget director Russell Vought to push deeper cuts to what he calls “Democrat agencies.”
Stocks to watch
- V-Mart Retail Q2: V-Mart Retail posted a 22% revenue growth to ₹807 crore with SSSG at +11%. The company added 25 new stores and closed 2 during the quarter, reflecting continued expansion momentum.
- Maruti Suzuki India: Maruti Suzuki’s sales rose 2.7% to 1.89 lakh units. Domestic sales fell 6.1%, but exports surged 52.2%. Production jumped 26.4%, driven by strong passenger vehicle output, signaling robust capacity utilization despite softer home demand.
- Hero MotoCorp: Hero MotoCorp’s sales increased 7.9% to 6.87 lakh units. Domestic demand rose 5%, while exports surged nearly 95%, highlighting strong international traction alongside stable growth at home.
- TVS Motor Company: TVS Motor sales jumped 12% to 5.41 lakh units. Two-wheelers rose 11%, EVs 8%, exports 10%, and 3-wheelers spiked 60%, underscoring broad-based growth across domestic and global segments.
- Sammaan Capital: Avenir Investment RSC, linked to International Holding Company, acquired a 43.46% stake in Sammaan Capital for ₹8,850 crore. It becomes the new promoter and will launch an open offer under SEBI rules.
- TBO Tek: TBO Tek’s step-down subsidiary, TBO LLC, acquired 100% of US-based Classic Vacations for $125 million, strengthening its global travel portfolio and expanding its reach in the American market.
- Tata Power Company: Tata Power Renewable signed a PPA with Tata Power Mumbai Distribution for an 80 MW FDRE project. The project, with ₹1,200 crore capex, strengthens the company’s renewable energy commitments.
- Nuvama Wealth Management: Nuvama Wealth secured SEBI approval to act as sponsor and establish Nuvama Mutual Fund, expanding its presence in the asset management space with new investment products for Indian markets.
- KRBL: KRBL won an E-auction for land in Panipat worth ₹402.86 crore. It plans to set up a plant, warehousing, allied activities, or partially monetize the land strategically.
- John Cockerill India: John Cockerill bagged a contract from Godawari Power & Ispat for a 6Hi Reversible Cold Rolling Mill in Raipur, including erection, commissioning, and performance guarantees.
- Hyundai Motor India: Hyundai began passenger vehicle production at its Talegaon plant in Pune with a capacity of 1.7 lakh units annually, boosting its Indian manufacturing footprint.
- RBL Bank: RBL Bank received a ₹92 crore GST show cause notice from Mumbai tax authorities regarding input credit reversal for its digital banking unit in FY20.
- United Spirits: Bombay High Court quashed ₹443 crore water charges raised on United Spirits. WRD must reassess bills since 2018. The company must deposit ₹66.5 crore as an interim payment.
- Coal India: Coal India’s September production fell 3.9% to 48.97 MT, while offtake slipped 1.1% to 53.56 MT, reflecting weaker supply-demand dynamics.
Bulk and Block Deals
- Eternal: BofA Securities Europe SA bought 82 lakh shares (0.08% stake) in Eternal at ₹325.5 each, worth ₹266.91 crore, from Goldman Sachs Bank Europe SE – ODI, marking a notable institutional transaction.
- RBL Bank: Morgan Stanley Asia Singapore acquired 32.51 lakh shares (0.53% stake) in RBL Bank at ₹274.44 per share, totaling ₹89.2 crore, signaling foreign institutional interest in the private lender.
- Sammaan Capital: Goldman Sachs (Singapore) Pte – ODI picked up 66.38 lakh shares (0.8% stake) in Sammaan Capital at ₹164.67 each, valuing the deal at ₹109.31 crore, highlighting overseas investor appetite.
- Jain Resource Recycling: Motilal Oswal Mutual Fund bought 25 lakh shares (0.72% stake) in Jain Resource Recycling at ₹273.95 per share, worth ₹68.48 crore. Its Select Opportunities Fund Series IV now holds a 1.46% stake.
Also Read: Bharat Dynamics and 3 other stocks that are taking support at the 200-D SMA to keep an eye on
Brokerage Recommendations
- Axis Bank – Morgan Stanley: Morgan Stanley remains overweight on Axis Bank, raising its target price to ₹1,450 from ₹1,325. The bank’s turnaround is progressing with steps taken in the past year. Growth, NIMs, and credit costs are expected to improve gradually, with full benefits visible in 2-3 years.
- Allied Blenders – Jefferies: Jefferies maintains a buy with a ₹620 target on Allied Blenders. Backward integration is progressing with a new PET bottle facility and malt distillery work underway. A single malt launch in 4-5 years and distillery expansion could boost margins by 300 bps through FY25-28.
- L&T – Goldman Sachs: Goldman Sachs keeps a neutral rating on L&T with a ₹3,540 target. Strong order inflows, especially from Middle East EPC and offshore projects, should drive double-digit growth in revenue, EBITDA, and PAT. Market focus may shift toward FY27, with margins improving slightly to 7.8%.
Mainboard/SME IPO Listing in October 3, 2025
- Trualt Bioenergy
- Jinkushal Industries
- Earkart
- Telge Projects
- Chatterbox Technologies
- Gujarat Peanut and Agri Products
Stocks Trade Ex-Dividend
- Glenmark Pharmaceuticals
- Fineotex Chemical
Stock Trades Ex-Bonus & Split
- GEE
- Shilpa Medicare
- Paushak
Written by Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
