Nifty 50 closed at 24,895.80, up by 58.55 points (0.24%). Bank Nifty closed at 55,588.70, up by 239.55 points (0.44%). Sensex closed at 81,209.01, up by 232.15 points (0.29%).
Tata Steel, Power Grid Corp, Hindalco, Kotak Mahindra Bank and L&T were among the major gainers, while losers included Max Healthcare, Coal India, Maruti Suzuki, Tech Mahindra and SBI Life Insurance. Except for pharma, realty, and FMCG, all other sectoral indices ended in the green with metal up 2 percent, PSU Bank up 1 percent. The BSE midcap index was up 0.8 percent, and the smallcap index added 1 percent.
US Markets
- Dow Jones Futures jumped by 133.00 points, up by 0.28%, currently trading at 46,939.00 as of October 1, 2025.
European Markets
- FTSE (UK) jumped by 57.20 points, up by 0.61%, standing at 9,485.05.
- CAC (France) jumped by 16.68 points, up by 0.22%, at 8,074.33.
- DAX (Germany) jumped by 21.00 points, up by 0.086%, at 24,445.94.
Global events/updates
- Private equity firms are benefiting from the AI boom, using strong IPO and M&A markets for profitable exits. However, industry leaders warn of a “frothy” bubble forming in certain AI investments, raising risks for future strategies. To counter the hype, some investors are focusing on startups with real cash flows rather than chasing uncertain potential.
- Putin warned that U.S. plans to supply long-range missiles to Ukraine would trigger a “new stage of escalation,” though he said it wouldn’t change the battlefield outcome. His remarks follow recent airspace incursions in Europe. Meanwhile, EU leaders are supporting the idea of a “drone wall” along the eastern border to strengthen defense.
- India’s auto market is seeing a strong revival, with demand rising in both premium and entry-level vehicles. GST cuts and price reductions have boosted consumer sentiment, driving festive sales. Premiumisation is gaining momentum as buyers upgrade to higher-spec models, while the entry-level segment shows vital recovery. Urban demand, previously weak, is rebounding strongly, complementing rural growth.
- Finance Minister Nirmala Sitharaman said India remains resilient amid global economic shifts caused by wars, sanctions, and supply chain changes. She stressed that India’s strong domestic consumption and investment help absorb external shocks. Highlighting the nation’s evolving economic leverage, she noted India’s resilience can serve as both a safeguard and a foundation for global leadership.
Stock news
- Paras Defence and Space Technologies Ltd
Paras Defence’s subsidiary, Paras Anti-Drone Technologies, received a Rs. 46.19 crore order from India’s Ministry of Defence to supply Anti-Drone Systems, including Drone Jammers, strengthening its domestic defence portfolio and supporting national security initiatives. - V2 Retail Ltd
V2 Retail reported 68% revenue growth in H1FY26, with same-store sales up 13.3%. Adding 70 new stores, it now operates 259 outlets, expanding into Tier 2 and 3 cities, reaching a retail footprint of nearly 28 lakh sq. ft. - Goodluck India Ltd
Goodluck Defence & Aerospace, a subsidiary of Goodluck India, obtained an industrial license to produce 105–155mm medium-caliber artillery shells. Initial annual capacity is 150,000 shells, with trial production in Q3FY26, supporting ‘Atmanirbhar Bharat’ and generating significant defence revenue. - Pondy Oxides & Chemicals Ltd
Pondy Oxides invested $500,007.60 to acquire 2,680 shares (0.29%) of ACE Green Recycling Inc., a global lead and lithium battery recycling company, expanding its presence in sustainable metal recovery across India, USA, Singapore, and Taiwan. - A B Infrabuild
A B Infrabuild has announced Friday, 17th October 2025, as the record date for a 10:1 stock split, enabling higher liquidity and better accessibility for retail and institutional investors in the company’s shares. - Larsen & Toubro Ltd
L&T’s Buildings & Factories vertical won major Indian contracts worth Rs. 5,000–10,000 crore, including a 5.9 million sq. ft. Bengaluru IT park with six 14-storey towers and a Mumbai mixed-use development, covering civil, facade, electromechanical, solar, and landscaping works. - Nuvama Wealth Management Ltd
Nuvama Wealth shares jumped 4% after SEBI approved its application to sponsor Nuvama Mutual Fund. This approval allows the company to launch mutual funds and Specialized Investment Funds, expanding its offerings in India’s asset management sector. - Hiliks Technologies Ltd
Hiliks Technologies received a Rs. 33.39 crore subcontract from MSR-MEDIKONDA JV for signalling and telecom works on the Dornakal–Bhadrachalam track, including Electronic Interlocking and OFC communications, with execution planned over 18 months. - Prime Focus Limited has signed an option deed with an investor and its promoter group, allowing a future exit from DNEG by swapping shares. This arrangement doesn’t impact company control and supports investor exit opportunities after January 2029.
- Steel Exchange India Limited
Steel Exchange secured ₹350 crore refinancing from Kotak Mahindra and Oxyzo. ₹150 crore was used to prepay high-cost loans and NCDs, with ₹200 crore pending by October 10, 2025. Outstanding listed NCDs will be acquired and restructured under new terms. - Zaggle Prepaid Ocean Services Ltd
Zaggle Board approved raising up to ₹60 crore via 10,58,201 warrants at ₹567 each, convertible into equity shares. Approval will be sought at an Extra-Ordinary General Meeting on October 31, 2025, subject to regulatory and statutory permissions.
Brokerage Recommendations
- ACME Solar Holdings
Target Price:- Rs 370.00 apiece
Upside:- 28.61%
By Motilal Oswal
- Star Cement
Target Price:- Rs 325 apiece
Upside:- 28%
By Axis Direct
- R R Kabel
Target Price:- Rs 1,820 apiece
Upside:- 45.36%
By Choice Equity Broking Private Ltd
- Max Healthcare
Target Price:- Rs 1,190 apiece
Upside:- 11.68%
By ICICI Direct
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Aegis Logistics (12%) | Tata Investment Corporation Ltd.(-5.34%) |
| Aegis Vopak Terminals (8.13%) | Sun TV Network (-4.06%) |
| Mangalore Refinery And Petrochemicals Ltd. (8.06%) | Max Healthcare (-4%) |
| Data Patterns (7.8%) | Cholamandalam Financial Holdings Ltd. (-3.44%) |
| EIH (7.23%) | Ola Electric(-3.4%) |
Conclusion: Markets closed higher with Nifty, Bank Nifty, and Sensex showing modest gains, led by metals, PSU banks, and select large-cap stocks. Global cues were positive, while AI-driven investments and defence orders highlighted growth opportunities. Strong corporate earnings, urban consumption revival, and strategic policy reforms underpin optimism, though geopolitical tensions and market corrections suggest cautious, selective investing ahead.
Written by Abhishek Singh
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